Car insurance costs being driven down

Published on 23/10/2012 00:30

CAR insurance costs are going down but home insurance premiums are rising, it was revealed yesterday. Taking an average of the cheapest five premiums, fully-comprehensive car insurance fell 2.9 per cent to £844 in the period July-September 2012 on the previous three months, according to AA Insurance. But after a summer of storms and floods, a similar survey of home buildings insurance revealed an average rise of 2.4 per cent to £181, while home contents insurance rose 
1 per cent to £242.

Over the same period, premiums for young male drivers fell 0.7 per cent to £1,603 on average, and were down 2.2 per cent to £1,127 for young women. Scotland remains the cheapest region in which to buy car insurance (averaging £438), while Greater Manchester and Liverpool are the most expensive areas (£1,059).