Motor premiums up 7.6% in 12 months claims survey
The latest figures from the AA’s benchmark British insurance premium index show UK average premium quoted for an annual comprehensive insurance policy rose 3.1% or £22 over the past quarter, a similar rise to the previous three months. Over the year, quoted premiums have risen by £50 or 7.6%, to an average of £724.28.
AA added the Shoparound index, which better reflects the premiums paid after buyers shop around, has also risen as buyers can now expect to shell out £486 for their annual comprehensive cover: £10 (2%) more than three months ago and a rise of £39 (8.7%) since this time last year.
The average quoted premium for third party, fire and theft cover, typically bought by young drivers, has reduced fractionally (by just 0.6% to £879).
Simon Douglas, director of AA Insurance, said: “Despite these rises
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