Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
The average cost of a comprehensive annual car insurance premium increased by 3.6% over the three months ending 30 June 2011 to £923.90, the lowest rise for 18 months. Despite the relatively small increase, the overall rise for a full 12 months was 30.1%.
However, for drivers aged 17-22, premiums fell by 5.6% during the quarter.
The AA's research found that home insurance had seen premiums fall very slightly over the second quarter of 2011. The price of buildings cover dropped 0.6% to £146.35
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