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UK: High-tech cars are pushing insurance upwards. For Alphie there is a downward trend for the sector

Mag 13, 2019 - 15:26 GMT+0000

The growing demand for high-tech vehicles is reducing profit margins and pushing up insurance premiums in the UK. From satellite navigators to parking sensors, technology has increasingly become an integral part of driving. But insurers have warned that all this innovation is slowly pushing up the price of insurance policies, due to the high costs and complexity of repairing cars and devices. Mid-range insurers like Esure, the AA and LV are the ones that have grown the most, thanks to the price reduction policy enabling them to be more competitive with their pricing. However, some of the listed insurance companies…

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