Car insurance rates are set to climb significantly next year, and inflation is to blame.
Motorists could see an average hike of 15%.
Insurers say the price for new vehicles has increased by 6%, used cars are up by as much as 20%. They also point out the cost of spare parts and labour is higher.
Consumer rights groups point out the insurance company must notify clients of any increases in good time – and then the client has 30 days to cancel and find another insurer if they can.
That piece of information is often missing from the official communication, say rights groups.
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