Motor insurance premiums not yet hit by impact of floods

Experian’s latest Motor Insurance Benchmark has revealed that the average quote for comprehensive cover in the direct market reached £567.30 during quarter three (July, August and September), but it was only 0.8% higher than the average quote in quarter two (£562.70) despite the recent floods.

The broker market, however, saw a large increase in the average premium rate compared to the previous quarter for both comprehensive and third party, fire and theft. Insurance premiums shot up in July

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