Car insurance premiums have soared by £109 in 12 months

[ad_1]

Car owners are having to fork out £109 more to insure their vehicles than this time last year, according to new research.

The latest Confused.com car insurance price index found that premiums had rocketed by 17 per cent in the last 12 months to an average of £737 at the end of the third quarter of 2016.

It means that comprehensive cover has jumped by three per cent in the last three months alone – the equivalent of increasing by £22 on average.

A 17% increase: Drivers now have to pay £109 more on average for car insurance than they did 12 months ago. Experts have warned that costs will continue to increase before the end of the year

A 17% increase: Drivers now have to pay £109 more on average for car insurance than they did 12 months ago. Experts have warned that costs will continue to increase before the end of the year

At the beginning of 2016, drivers were paying an average of £672 to renew their car insurance policies – that’s £65 less than they were having to fork out by the close of September.

Some of the year-on-year increase is due to the hike in…

[ad_2]

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *