Upward premium trend continues, says AA
Premiums for both car and home insurance have once again risen, the latest findings from the benchmark AA British Insurance Premium Index show.
Over the past quarter, average quoted premiums for home buildings insurance rose by 1.4% (to an average of £218.60 for an annual policy). This follows a rise of 3.0% over the previous quarter; the largest single increase since the Index began in 1994. Home contents premiums rose by just 0.4% to £150.57. These rises reflect the £750m domestic property claims following last summer’s floods.
Car insurance premiums also rose – comprehensive by 2.4% and third-party, fire and theft (TPFT) cover by 1.4
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