Premiums on the rise - confirmed21 Jul 2015 13:44
British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months, and a rise in insurance tax is likely to add to price increases, recovery service the AA (AAAA.L) said on Tuesday.
The average quote for an annual comprehensive car insurance policy was 549.46 pounds ($854.74) in the second quarter, the AA said in a statement, a rise of 5.2 percent over the first quarter and 5.5 percent over a year earlier.
FTSE-100 firms such as Aviva (AV.L), Direct Line (DLGD.L) and RSA (RSA.L) operate in the highly competitive car insurance market.