just on insurance..
its worth understanding that most insurance companies make no money and in fact lose money on underwriting.
the only money they make (if at all) is by investing your premiums
the reason they make no money is variously: spurious personal injury claims / high labour rates / "courtesy car" and legal assistance providers / costs of claims handling
the reason prices are going up is a) the above is a stupid business model in a low interest rate and low return environment, and b) lots of business was written by RBS subsidiaries at stupidly low prices. Now Direct Line and Churchill are aiming to be sold, funnily enough they have worked out it might be an idea to make a profit
so basically its got nothing to do with normal inflation, and everything to do with dodgy whiplash (and far worse) claims in the M62 corridor and changing behaviour of some of the biggest players...
if the industry ever got itself properly sorted out, we'd all be paying a LOT more
