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Premium finance rates dropped, cutting annual insurance costs by £157 million.
Premium finance rates have decreased, reducing monthly insurance costs by £157 million annually, according to new data.
The drop in financing costs is lowering payments for policyholders relying on installment plans.
The change reflects broader shifts in financial markets and insurance lending terms.
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Las tasas de financiación de las primas cayeron, reduciendo los costos anuales de los seguros en 157 millones de libras esterlinas.