Over the past 12 months, the average quoted premium for comprehensive car insurance rose by nearly 11% and the average cost of building cover leapt by 8.0%, the biggest annual jump since the Index started in 1994, according to the AA's Insurance Premium Index.
Industry experts say an increase in theft, fraud, personal injury claims and legal expenses combined with falling investment incomes and underwriting losses are pushing premiums up.
Meanwhile the Financial Ombudsman Service annual review reported an 84% increase in insurance disputes.
We invited you to e-mail or call with your questions on insurance, a selection of which were put to an expert panel.
Paul was joined by:
- Peter Staddon, BIBA
- Clare Francis, moneysupermarket.com
- Malcolm Tarling, ABI
Presenter: Paul Lewis
Producer: Diane Richardson