Car insurance premiums continue to rise

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The average cost of comprehensive cover increased by 8.6% between July and September, however this is a drop on the 14.2% rise last quarter, according to Confused.com/EMB Car Insurance Price Index.

The index revealed that the average comprehensive premium now stands at £650, an increase of £51 in the quarter.

However, the report found that the cost of comprehensive policies has risen 37.5% since October 2009.

Third party, fire and theft (TPFT) cover has risen by 11.7% in the last quarter and 54.2% over the last 12 months.

Men aged 17-20 years old received the biggest quarterly increases for comprehensive policies at 10.9% while older drivers adding children to their policies also continued

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FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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