Car premiums dropped in Q1 2018, AA Insurance Index shows

Cars on forecourt from above

Reduction means insurance costs are now lower than a year ago.

The average Shoparound price for an annual comprehensive car insurance policy is marginally less than it was a year ago, according to the latest AA British Insurance Premium Index.

The firm detailed that the measure dropped by 2% between the fourth quarter of 2017 and the first quarter of 2018 to £660.64.

Premiums peaked at a record high during the second quarter of 2017 but have now fallen for three quarters in a row. However, compared to 12 months ago they have reduced by just 0.7%.

The AA

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