Car premiums plunge by record 14.1%

Car insurance premiums plunged by a record rate of 14.1% over the last year amid a "more fiercely competitive market" and expectations that more bogus whiplash claims will be weeded out.

The typical quote for annual comprehensive car insurance cover was £533 in January, which was also a record 4.6% slide on the previous quarter, according to the latest AA Insurance premium index, which takes the average of the five cheapest quotes on the market.
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