Upward premium trend continues, says AA

Over the past quarter, average quoted premiums for home buildings insurance rose by 1.4% (to an average of £218.60 for an annual policy). This follows a rise of 3.0% over the previous quarter; the largest single increase since the Index began in 1994. Home contents premiums rose by just 0.4% to £150.57. These rises reflect the £750m domestic property claims following last summer’s floods.

Car insurance premiums also rose – comprehensive by 2.4% and third-party, fire and theft (TPFT) cover by