Car tax 2020 – These proposed road tax updates will 'likely' lead to insurance price hikes

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Car tax 2020 - These proposed road tax updates will 'likely' lead to insurance price hikes 1

Speaking to Express.co.uk, Dave Merrick, head of Motor Insurance at MoneySuperMarket said: “If IPT (Insurance Premium Tax) goes up then insurance premiums are likely to increase, so there may be an added cost for many drivers renewing after April.

“There will still be good prices out there but make sure you shop around and don’t just auto-renew.”

Insurance prices could increase as insurance firms try and claw back lost income from slashed IPT rates.

Campaigners are pushing for updates to Insurance Premium Tax rates which would most benefit those paying the highest car insurance costs.

READ MORE: Car tax 2020: Changes will axe prices for some owners


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