AA issues latest benchmark insurance premium index
Car insurance premiums took another sharp upward jump over the last three months of 2008, rising by an average of almost 1% per month, according to the latest benchmark British Insurance Premium Index from the AA.
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
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