Motor premium hardening grinds to a halt

stop-sign

The findings also showed that average policies for third party, fire and theft cover (TPFT) increased by just 0.6% in the final quarter of the year.

The quarterly results mean that comprehensive cover increased by 4.9% in the full year while TPFT cover increased by 10.2%.

The increase in comprehensive cover measured by the survey was roughly in line with inflation in the wider economy during 2011 and far below the rises of 37.8% in 2010 and 13.3% in 2009. The annual price rise of 10.2% for TPFT

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