U.K. auto insurance premiums up 23 percent in last two years

Insurance Daily:

Sainsbury’s Finance estimates that the annual cost of running a car has increased by around 11% when compared to 2007, with insurance the most significant element in the rise. According to the research, the typical cost of insuring a car rose 13% in the 12 months to October 2009, having increased 23% since 2007, taking the average premium to £551.74.

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