Premiums Burden

Jul 3, 2007

The cost of insuring a car has reached record levels, with premiums more than doubling during the past 13 years, figures show.

Average car insurance premiums rose by 2.5 per cent during the three months to the end of June, increasing the average cost of annual comprehensive cover to pounds 822, according to the AA. It said this was more than double the pounds 408 cover cost when it first launched its insurance premium index in July 1994.