Car premiums drop in third quarter 2017

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Car insurance premiums fell by 4.9%, or £35, in the third quarter of 2017, according to the AA’s latest British Insurance Premium Index.

The Index Shoparound quote, which is an average of the five cheapest premiums quoted in a nationwide sample of buyers, fell from £714.85 to £679.93 over the quarter ending 30 September.

It is the first fall since Q1 2016. However, while prices have reduced from last quarter’s record high they are still 9.7% higher than this time last year.

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