Quote Originally Posted by adrianw View Post
The main reason for high insurance prices is that we have to have it by law and the government get a cut, it doesn't take a genius, that's why the government are keeping very quiet regarding the huge increases.
Quote Originally Posted by Longblackcoat View Post
It really isn't.

Look at the profits made by car insurers over the few years and see why prices have had to rise. They've made an average operating margin of under 1% since 2016.

https://www.milliman.com/-/media/mil...ve%20to%202020.
Government gets theirs at source:
https://www.independent.co.uk/adviso...ar%20insurance.

"if your annual car insurance premium is £400, your total cost will be £448 when factoring an IPT rate of 12 per cent or £480 at the higher rate of 20 per cent. If your premium cost is £500, it will be £560 with an IPT rate of 12 per cent or £600 with a rate of 20 per cent.

IPT was introduced in October 1994, and the standard rate has increased from 2.5 per cent to its current level of 12 per cent."