British Insurance Premium Index: House insurance premiums on the up
The falling trend in home insurance premiums has come to an abrupt end, blamed on a sharp increase in flood claims, the AA’s latest benchmark British Insurance Premium Index shows.
Meanwhile car insurance premiums, which started rising during the second quarter of 2006, show no sign of easing.
The Index shows that over the past quarter, the average quoted premium for home buildings insurance leapt by 3% – the largest single increase since the Index was launched in 1994. Home contents premiums also rose by more than 2% during the quarter. The average quoted premium for an annual comprehensive car insurance policy rose by more than 1% while more than 3.5% was added to the
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