Motor and home premiums record Q1 fall

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The Shoparound survey, which averages the five cheapest quotes from insurers and comparison sites against a fixed basket of risks, revealed an average motor premium of £746.75.

This represents a 1.4% reduction compared with the last quarter of 2012, and a 4.1% fall over the past year.

Simon Douglas, director of AA Insurance, said the continuing downward trend would be welcomed by consumers who have faced some of the biggest premium increases ever recorded over the past three years.

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