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Travel insurance premiums are set to rise by up to 40% next year as insurers pass on higher claim costs to customers. One of Britain’s largest insurers said it would impose “double digit” increases just as people plan their Christmas breaks and next year’s summer holiday.

Travellers will also be hit with a rise in insurance premium tax in January from 17.5% to 20%. Some of the cheapest policies will see the biggest increases, perhaps in the sum of 30% – 40%.

FCA:

The FCA is the independent regulator of financial services in the United Kingdom. Carrington & Company is entered on the Financial Services Register (www.fca.org.uk/register) under reference 310737. Steve Allen Insurance is a trading name of Carrington and Company which is authorised and regulated by the Financial Conduct Authority * These products (or services) are regulated by The Financial Conduct Authority, but advice will be given by a third party

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Steve Allen Insurance
225 Bury New Road
Manchester M45 8GW

0161 766 1927

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