Drivers forced to choose refund or losing no claims bonus after Tesco car insurance error

New research has shown that the cost of car insurance in the UK is now an average price of £539 as prices are now £25 or five percent more expensive than three months ago.

This is the steepest increase in car insurance costs in more than four years and puts the average price in the UK at the highest point in a year.

Car insurance prices dropped dramatically throughout the coronavirus pandemic, but since then have seen the steepest quarterly increase since 2017.

In terms of monetary value, earlier in the year average prices were, at one point, as much as £97 cheaper year-on-year.