Drivers have been left in the lurch by the Government after failing to mention any support for motorists with expensive car insurance prices.
According to Confused.com, the average price of car insurance is currently £861. While this is down more than £130 compared to the end of 2023, many drivers are still dealing with expensive costs.
Certain drivers are required to pay more than others depending on their situation. For example, someone in Inner London will pay £1,357, while a 17-year-old will pay a staggering £2,727 for one year of coverage.
Despite optimism before the Budget that more would be done to help motorists with the expensive cost of car insurance premiums.
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A car insurance taskforce was set up earlier this month
PA/GETTY
However, Rachel Reeves failed to mention any measures to reduce the burden of expensive car insurance prices in the Autumn Statement this afternoon.
Earlier this month, Transport Secretary Louise Haigh and Economic Secretary to the Treasury Tulip Siddiq outlined plans to bring together industry groups and consumer champions to tackle spiralling costs of car insurance.
The taskforce will identify the factors behind rapidly rising premiums and will agree on solutions to keep costs under control after drivers dealt with massive prices in recent years.
Speaking at the time, Haigh said: "Our new expert taskforce is a major step forward in delivering a fair deal for drivers.
"It will give this issue the attention it deserves – rooting out the factors driving up costs for industry and ensuring drivers are able to hit the road."
Reacting to the Budget, Rhydian Jones, Confused.com car insurance expert, said: "The fuel duty freeze will not only help level out high fuel prices, but it will also help with the impact of other motoring costs.
"Drivers are paying out thousands of pounds in the face of high MOT bills and insurance prices. So this is one step in the right direction to help driving become more affordable."
Mark Tongue, joint CEO and founder of Select Car Leasing, said motorists had become an easy target for the Government when looking for "tax cash grabs".
However, he noted that the Chancellor's "somewhat surprising" Budget announcement would be welcomed by drivers, especially those who are struggling with "sky-high insurance costs".
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The Transport Secretary outlined that the taskforce was created to address expensive car insurance prices
GETTYWhile the Chancellor failed to introduce measures to deal with car insurance, she did confirm that the rate of fuel duty would remain frozen for another year, despite the majority of drivers assuming the rate would be hiked.
There was also additional funding for potholes around the UK, as Labour moves towards its goal of filling in one million extra potholes every year.
