Car insurance premiums 'higher than ever'
www.moneynews.co.uk > AA > Car insurance premiums 'higher than ever'
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Car insurance premiums 'higher than ever'
Thu 5th Jul 2007
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The average cost of an annual car insurance policy rose to £822 in the first quarter of 2007, a rise of 2.5 per cent.
Over the last year the AA's index shows that premiums rose by eight per cent, despite decreasing slightly in the previous quarter.
This is double that of an insurance policy as indicated in the first AA index published ten years ago.
Kevin Sinclair, managing director of AA Insurance, said: "There is still a large gap between premium income and the cost of claims so I'm not surprised to see the generally upward trend of the previous year resuming. I think this trend is likely to continue."
AA figures also indicate that third party, fire and theft insurance rose to its highest ever level by moving over £1,000 on average for the first time.
Related News : AA |
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