Car insurance premiums fall sharply by more than £100

The AA say car insurance premiums have fallen sharply, with the average price dipping more than £100. For the first quarter of 2014, the average comprehensive motor insurance "shoparound" figure, with quotes from a number of markets, plunged to £531.

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Car insurance premiums fall sharply by more than £100

The AA has said that car insurance premiums have fallen sharply, with the average price dipping more than £100. For the first three months of 2014, the average comprehensive motor insurance "shoparound" figure, involving quotes from a number of markets, had plunged to £531.

Car insurance premiums have fallen sharply. Credit: Rui Vieira/PA Wire/Press Association Images

This was 5.6% down on the figure for the last three months of 2013 and 16.6% down on the January-March 2013 figure.

The January-March 2014 figure for third party, fire and theft was £725 - an 8.4% drop on the last three months of last year and 18.5% down on the figure for the first three months of 2013.

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