The average annual premium is now £564.19 – almost 20pc more than it was this time last year, according to market research firm Consumer Intelligence. Published: 10:36AM GMT 25 Jan 2010 Motor insurance premiums hit new high Photo: PA Motorists renewing car insurance policies face the largest annual hikes ever recorded, according to research from independent market research firm, Consumer Intelligence. The average annual premium is now £564.19 – almost 20pc more than it was this time last year, according to market research firm Consumer Intelligence. Those who have endured the biggest rise are 17-24-year-olds, with the average going up nearly 25pc to £1,489. Men are facing the most significant increases on their insurance premiums. In the last 12 months the average policy for a man has increased by 20pc to £599.65. This compares to an increase of 19.1pc to £523.55 for women. More
(AD Comments ~ Thats some increase, but over the past few years the advent of price comparison websites has helped keep premiums more competitive, perhaps we are now feeling the backlash of that)
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