Car Insurance Average Premium Breaks the GBP1,000 Barrier
Insurance Saturday, March 20th, 2010
Car Insurance
FLINT, UNITED KINGDOM–(Marketwire – March 19, 2010) – One of the UK’s leading taxi insurance and private hire insurance providers has provided their thoughts on latest reports from the AA of insurance premiums breaking the GBP1,000 barrier.
The AA reports that the average quoted premium for annual comprehensive car insurance increased over the last quarter of 2009 by 7.2% to just over GBP1,000 which they say is a record increase for any single quarter. The “Shoparound” premium, an index of the cheapest quotes, rose even more spectacularly by over 11%. The price-comparison websites did not fare any better with increases of 12.7% for both comprehensive and TPF&T covers. The findings show that over the last year the average quoted premium for comprehensive car insurance has increased by 18% which is by far the largest annual increase recorded since the index started in 1994.
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Tags: Aa Insurance, Aa Reports, Amp, Car Insurance, car insurances, Comprehensive Car Insurance, Comprehensive Insurance, Insurance, insurance premium, insurance premiums, Insurance Providers, Last Quarter, March 19, Marketwire, Price Comparison Websites, Private Hire, private hire insurance, Private Insurance, Quotes, Rose, Taxi, Taxi Insurance, Tpf, United Kingdom
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