Car insurance costs fall as fears over payout changes subside

Average premium drops to £752 after rising to £847 in second quarter of 2017

The average cost of car insurance has tumbled by more than a 10th over the past year, as fears subsided about potentially huge increases in payouts after car crashes.

Insurers raised premiums sharply in 2017, partly blaming changes to the “Ogden rate”, which is used to calculate compensation awards for serious personal injuries.

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