Unsustainable motor rates see greatest increase in 16 years
Car insurance premiums have rocketed at a record rate as insurers attempt to move their motor books back into the black.
According to the latest AA British Insurance Premium Index, premiums rose by more than 11% during the second quarter - the sharpest increase since the benchmarking study began 16 years ago.
In addition, the Confused.com and EMB quarterly Car Insurance Price Index revealed that the average cost of a comprehensive car insurance policy rose by 14.2% during the same period and that prices had increased by 31% in the 12 months since July 2009.
Trevor Cutts, business development director at 1 Answer
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