Car insurance, economy, pensions, PPI

Car insurance premiums are continuing to rise as the AA’s latest British Insurance Premium Index shows the average premium for a comprehensive car insurance policy has increased by more than £20, to £585.84, over the three months ending 30 September. This is a jump of 3.7 per cent over the third quarter. Over 12 months, the average quoted premium has risen by 16.3 per cent, adding almost £82 to a typical motor policy. ‘We are witnessing sustained price increases once again which is bad news for drivers,’ said Michael Lloyd, the AA’s director of insurance. In other motoring news, new data from uSwitch.com suggests that millions of motorists risk paying an average of £691 too much to insure their cars because they mistakenly believe a third party only policy will be the cheapest available. Nearly three quarters of consumers believe that taking out a fully comprehensive insurance policy will cost them more than a third party only policy. However,