UK car insurance premiums rise 8 pct in 2015

February 1, 2016 11:31 AM

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LONDON Feb 1 UK car insurance premiums rose 7 percent in the last quarter of 2015 compared with the previous quarter and 8 percent over 2015, with a rise in insurance premium tax fuelling some of the gains, the Association of British Insurers said on Monday.

The tax rose to 9.5 percent from 6 percent during the quarter, pushing the average price paid for private car comprehensive motor insurance to 430 pounds ($614.26), the ABI said in a statement.

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