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flag UK car insurers paid a record £11.7 billion in claims in 2024, raising premiums despite a year-end drop.

flag In 2024, UK car insurers paid a record £11.7 billion in claims, driven by higher thefts and repair costs, pushing average annual premiums up by £78 to £622. flag Despite this, there was a slight 2% decrease in premiums by year-end. flag The Association of British Insurers (ABI) has outlined steps to address rising costs, including improving vehicle repair skills and enhancing road conditions.

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