Yahoo Finance Car insurance premiums fall by £30 a month on average in 2014
MOTORISTS are enjoying cheaper car insurance premiums as the trend for discounts continues into 2014.
Industry body the Association of British Insurers has revealed the results of its latest market tracker, with comprehensive motoring premiums falling by around £30 per month on average.
Prices fell by three per cent compared to the same quarter in 2013, to £358. Compared to the same quarter in 2012 prices have fallen by 14 per cent.
James Dalton, the ABI’s head of motor insurance, said: “The fall in average comprehensive motor premiums reflects the commitment of insurers to pass on the savings from reforms to the civil litigation system last year to hard-pressed motorists, even when savings have yet to fully materialise.
“Keeping a lid on cost pressures, such as fraudulent whiplash claims and claimant lawyers’ excessive costs, is essential to ensure that UK motorists continue to get the best motor insurance deal.”
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