Car insurance rates accelerating as IPT rise kicks in
Average best buy premiums increase 10.9% in the year to 30 November, according to market researchers.
Car insurance costs are accelerating as the introduction of higher Insurance Premium Tax has sent recent price cuts into reverse according to the findings of analysis by Consumer Intelligence.
The insurance market research company compared the prices offered for 3,600 people by all the major aggregators and "key" direct insurers.
The top five prices for each person were then averaged to produce the index.
New rate
The number crunching revealed that average annual best buy deals had increased 10.9
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