Despite a raft of new rules and regulations over the past few years aimed at helping motor insurers by reducing the amount of compensation they have to pay out on road traffic accident and whiplash claims - from 2013’s LASPO Act right up to the forthcoming Civil Liability Bill (currently being debated in parliament) - a recent review by car insurance comparison website confused.com indicates that cost savings are note being passed on by the insurers to their customers.

Passing on savings of the cost of motor insurance (and other) premiums - amounts of around £60 a year were initially mooted - was a key commitment by insurers which resulted in the government introducing the new regulations. So whilst the cost to the insurers of motor insurance has decreased, the confused.com data shows that almost three-quarters of policyholder’s have seen their premiums rise, with an average increase of £45. The average motor insurance premium is currently £768, as compared to £499 in 2008. Women typically pay around £95 less than men, with the hardest hit being the under 25’s - the average 18-year-old’s premium now being a whopping £2,114.

With further regulatory and legal changes likely next year that will even further restrict an individual’s ability to claim proper compensation for an accident that wasn’t their fault, it will be interesting to see how this impacts on insurance premiums in future.

If you've been injured in a road accident and it wasn't your fault, see if you can claim - to find out more, contact one of our friendly team for further advice on 0800 977 4852 or via email here.