Motor insurance premiums levelled off in February

The cost of car insurance has risen by 4.3% since the start of the year, Consumer Intelligence has calculated.

The figures show the initial surge in prices in January as the Financial Conduct Authority’s ban on dual pricing came into force has levelled off.

Previously, the insurance pricing experts detailed that motor premiums leapt by 4.9% in January, the biggest one-month jump in over eight years.

In the period to the end of February drivers under 25 only faced a 0.2% increase while those aged 25 to 50 saw bills rise by 4.5% as those aged over 50 picked up a 6.6% rise.

However, the annual cost of