Motor premiums back to upward trend, AA reveals
Car insurance premiums rose in the quarter ended June 2012, according to the latest AA British Insurance Premium Index.
This compares with the AA’s figures for the three months ended March 2012, which revealed that motor premiums had fallen for the first time in over three years.
The AA Shoparound Index, an average of the cheapest five premiums from directly sold policies for each customer in a nationwide basket of risks, showed that over the second quarter of the year, the average cost of an annual comprehensive car insurance policy rose by 4.3% to £1,034. This translated to an 8.5% increase over the past year.
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