Friday, June 29, 2007
Motor insurance prices soar
Motor insurance quotes have reached their highest point in two years, according to Experian, the global information solutions company.
The average quote for a private, comprehensive motor insurance rose by 7.9 per cent since May 2006 from £519 to £560.
The intermediary market also saw premium rises with the average reaching £529, although it was still 0.6 per cent lower than the same time last year.
Third party, fire and theft motor insurance premiums continued to emerge as significantly higher than comprehensive motor insurance premiums. This was mainly due to its association with younger drivers with low or no voluntary excess.
DATED: 29.06.07
FEED: MT
The average quote for a private, comprehensive motor insurance rose by 7.9 per cent since May 2006 from £519 to £560.
The intermediary market also saw premium rises with the average reaching £529, although it was still 0.6 per cent lower than the same time last year.
Third party, fire and theft motor insurance premiums continued to emerge as significantly higher than comprehensive motor insurance premiums. This was mainly due to its association with younger drivers with low or no voluntary excess.
DATED: 29.06.07
FEED: MT
