AA issues latest benchmark insurance premium index

The average quoted premium for an annual comprehensive car insurance policy based on over 80 quotes for each 'customer' in a basket of 1,000 risks, has risen by 2.9% since October to a new high of £741.66.

The Shoparound premium, an average of the lowest three quotes for each risk, rose by 2.5% over the same period. Index figures for third party, fire and theft insurance – which is typically bought by young drivers – rose by 3.4% to £931.31 for the average quoted premium while the Shoparound