Big increase in car insurance premiums
Car insurance premiums have raced ahead in the last 12 months, it was revealed yesterday. The average annual premium is now £564.19 – almost 20 per cent more than it was this time last year, according to market research firm Consumer Intelligence.
The biggest rises are for 17-24-year-olds, with the average going up nearly 25 per cent to 1,489. Drivers aged 65 and over have seen premiums increase the least – about 15 per cent to 423.