Motor premium hardening grinds to a halt
Motor insurance premiums rose by only 0.05% for the average comprehensive policy in the final quarter of 2011, a survey by Confused.com and Towers Watson has revealed.
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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