Supermarket.com reveals that the latest car insurance premium index of AA has shown the rise of 1.3% in average quoted premium for comprehensive annual car insurance in the year 2009.
Remarkably, car insurance premiums tend to decrease during 1st three months of year, as renewal of car insurance policies take place at this time and therefore competition is strong.
The index is based upon the data collected from about 80 car insurers which has produced the average premium of about 751, 60 euros.
According to Simon Douglas, the director of AA insurance, “though, 1.3 % may not sound much, car insurance premiums tend to decrease all through the same year, therefore this increment is a considerable indication that insurance companies are determined to concentrate on underwriting fatalities last year, as we calculated last year”.
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