AA predicts sharp increase in motor insurance premiums

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AA predicts sharp increase in motor insurance premiums

AA has informed consumers that they can expect to see their car insurance cost more, according to research by the organisation.

The AA British Insurance Premium Index for September indicated that that there has been the biggest ever year-on-year increase in the cost of the average comprehensive cover premium.

It went up by 14 per cent.

Simon Douglas, director of the insurance division of the company, said that people will see this reflected in their renewal quote.

He added: "The index suggests that 89 per cent of insurers have increased their premiums by more than £5 over the past quarter. Only 2.5 per cent reduced them."

The index, which looks at more than 90 UK insurance companies, also showed that the average quoted insurance price had increased 5.6 per cent in the third quarter of the year.

Recent research by the AA showed that in the autumn many people are having to claim on their insurance because they collide with deer, since the animals are moving to breeding areas.

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