Fully comp cover rises by nearly £200 latest price index reveals
Confused.com/EMB’s annual and fourth quarter 2010 Car Insurance Price Index has revealed that average comprehensive car insurance prices have risen by nearly 40% in a year.
The 38.2% premium increase was more than the 12.6% rise in 2009 while third party, fire and theft (TPFT) policies increased by 56.3% (2009: 21.6%).
The cost of comprehensive cover rose by 6.9% in the quarter between October and December 2010. EMB said this continued the slowing of price rises seen in the previous quarter (8.6%).
The index found that consumers now paid an average of £695 for annual comprehensive cover, an increase of £45 in the past three months and £192 during 2010 while the
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