Motorists have reported drastic increases in their car insurance premiums, with some seeing up to 40% increase in costs in just one year. The rise in premiums differs between insurance companies and vehicles, depending on the type of car and the extent of insurance cover. One car rental company said the premium increase for its fleet meant a rise of almost €100,000 in insurance costs. I understand costs are increasing across the board but you cannot do this to a business,” an owner of a car rental company told Times of Malta. The car rental company said it was reluctant to shift the increase onto the consumer because there is a competitivity issue at stake.

Source: The Guardian December 12, 2023 08:50 UTC