Index shows falling home and motor insurance premiums
Premiums also fall for SMEs but rise for mid-market commercial businesses.
The cost of home and motor insurance premiums has fallen this year according to a British Insurance Brokers' Association (Biba) and Acturis Insurance price index.
The index covers about £5bn of premium annually and shows home insurance payments in the third quarter of this year were 4.5% lower compared to the same period in 2013.
Motor premiums were also down 3.5% when making the same comparison, and small and medium sized enterprises (SMEs) are also benefitting from falling premiums.
Businesses
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