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Budget 2016 – rises in insurance premium tax spell disaster for over 55s

Budget 2016 – rises in insurance premium tax spell disaster for over 55s

Younger drivers can benefit from lower raises as telematics and intelligent driving black boxes help to reward those in the under 25 age bracket who can prove they drive safely. The rise for this age group is 9.3% as of February, much lower than that of their older peers.
So what can we all expect from the 2016 budget and our insurance renewals, considering that the average increase across the board was 13%?