Insurance Post

Motor rates accelerate as government's IPT hike is rolled out

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The government’s introduction of higher insurance premium tax last month has served to accelerate average annual best buy motor policy deals by 10.9% to £696, according to market research conducted by Consumer Intelligence.

The IPT rise, which has seen the tax increased from 6% to 9.5% as of the start of last month, is igniting premium rises across all age groups, according to Consumer Intelligence figures produced for

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