Newspaper article The Journal (Newcastle, England)

Car Insurance Bargains Are Getting Harder to Find

Newspaper article The Journal (Newcastle, England)

Car Insurance Bargains Are Getting Harder to Find

Article excerpt

The price of car insurance is showing a rising trend because of the growing cost of claims.

But insuring the family home continues to be good value for money, according to the AA's British Insurance Premium Index.

The index has tracked quarterly moves in car and home insurance premiums since 1994.

It shows that real car insurance bargains are becoming harder to find. While the average premium over the past quarter has risen by just 1pc, the lowest - the `shop around' rates - have risen by more than 3pc cent in that time.

The average shop around rate is pounds 484 for comprehensive and pounds 548 for non-comprehensive.

The average annual premium for comprehensive insurance is pounds 776 (a rise of 1.14pc over the past quarter) and for non-comprehensive it is pounds 912 (1.23pc.)

"Insurers say claims costs have risen faster than the rate of inflation over the past year and this cost will have to be met by increased premiums," says Andrew Briscoe of AA Insurance Services. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.