Car insurance increases
July 4, 2007 by admin
Filed under News, News-Insurance
Car insurance premiums are higher than ever before, according to the AA’s British Insurance Premium Index.
However, home and contents insurance premiums have fallen in the past quarter.
AA says that the average car insurance premium is now £822, a rise of 2.5 per cent in the last three months.
The firm points out that this is more than double the amount quoted in the first ever index back in July 1994.
Despite this, home and contents insurance premiums have fallen slightly in the same period of time.
Buildings cover is down almost two per cent, with the average quote being £207, while contents insurance has fallen by a little over one per cent to £147.
“Home insurance represents particularly good value having changed little over the past decade and while the trend of car insurance is firmly upward, there are still deals to be had,” said Kevin Sinclair, managing director of AA Insurance.
“Things have never been better for customers in terms of choice but make sure you’re comparing like for like and not just price for price.”
