News in brief

British motorists and homeowners saw the rise in insurance cost drop to within 1% of UK inflation rates last year, according to the AA's British Insurance Premium Index.

The AA said that this was the first time this had happened since 1996.

The average cost of comprehensive motor insurance rose by 3.53%, which added £24.11 to the average premium in the year, after the market saw rises of 19% and 9% in 2000 and 2001.

Homeowners are also benefiting from reduced annual increases, with buildings

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