UK Motor Insurance Rates Climb 3.1% Year-on-Year in February
British motor insurance prices rose 3.1% year-on-year in February 2026, marking a third consecutive month of annual increases, according to a Jefferies report. While month-on-month prices fell 2.3% in February, claims costs and components such as spare parts, maintenance and car hire all recorded year-on-year increases. Jefferies also notes that av…