Motor insurance costs fell in the first three months of the year after a period of rising premiums, the AA has said.<\/p>\n
The cost of comprehensive car insurance dropped by 1.1% to \u00a31,132 at the end of March, based on the cheapest premiums from a range of employers.<\/p>\n
Although this was 7.7% higher than a year ago, this annual increase has slowed.<\/p>\n
Drivers aged between 17 and 22 saw premiums fall by nearly 1% over the first quarter of the year.<\/p>\n
This group has seen the cost of insuring their vehicles increase sharply in recent years.<\/p>\n
However, the AA said that falling costs for drivers might not last, especially when gender discrimination rule changes came into force at the end of the year.<\/p>\n
"I cannot see this drop in premiums being sustainable for long," said Simon Douglas, director of AA Insurance.<\/p>\n
"My fear is that if prices do continue to drop, we will see a repeat of 2009, when industry losses led to premiums suddenly rocketing up following a long period of little movement."<\/p>\n
The average of all motor insurance quotes changed relatively little in the first three months of the year, the AA said.<\/p>\n
Scott Kelly, head of car insurance at price comparison site Gocompare.com, said: "There is currently a huge difference in premiums with insurers taking different positions on different types of drivers."<\/p>\n
source: bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
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