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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: