Motor hikes smash index

car

Car insurance premiums have risen by a record amount, according to the latest AA British Insurance Premium Index

Car insurance premiums have risen by a record amount, according to the latest AA British Insurance Premium Index.

The report found that during the fourth quarter last year the average quoted premium for an annual comprehensive car insurance policy increased by 7.2% on the previous quarter to slightly more than £1,000. On an annual basis, the same premium rose by 18.7% - the largest ever increase since the index began in 1994.

The average quoted premium for third-party, fire and theft cover rose

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