The average insurance-related repair cost reached £1,919 in H1 2019 compared with £1,845 per repair in 2018. This represents a 4% overall increase, for all makes and models of cars.
This is according to research from company Trend Tracker, which published an update to its UK Car Body Repair Market report, originally released in January 2019. The firm focuses on the automotive industry.
The overall average cost repair has risen by 40.5% or £533 from a weighted average of £1366 in 2013.
Parts make-up approximately 42% of a total average accident repair cost; a figure that has remained consistent for the past six years, said the company. The average parts spend on car repairs was £803 in H1 2019, against £721 in 2017 and £787 in 2018.
Director and research analyst at Trend Tracker, Mark Bull said: “Working with one of our primary partners, Solera Audatex, we have analysed the latest repair cost data, both annually and over a six-year period.
“The data clearly demonstrates that vehicle design and build complexity, including advanced automotive engineering technology system integration, has resulted in higher accident related parts cost increases and additional labour time being required to return a vehicle back to the road safely, leading to higher costs,” he added.
The Association of British Insurers indicated last week that insurance-related vehicle repairs had risen by 11% in H1 2019 compared with the same period last year. The association also said this increase added pressure to motor premiums.
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