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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Are you finding your car or home insurance is becoming unreasonably expensive?
Motor insurance prices have soared in recent years as firms try to catch up with a surge in the cost of claims. Inflation and climate effects are also pushing up premiums for home insurance, another core cover.
While there are signs motor premiums might have flattened for the average driver, this is at record levels. For some cars — including electric vehicles and sport utility vehicles — insurance costs are especially high; while for 17-year-old drivers, the average cost of an annual policy in the UK is now over £3,000, according to one study.
If you have been hit by a sharp increase in insurance costs, or your household finances are struggling because of it, we’d love to hear from you. Please get in touch, in confidence, by emailing money@ft.com.
