Average
car insurance premiums have levelled off in the early part of this year, according to the latest data.
Figures provided by AA have shown that the typical insurance premium being paid out by a British motorist is £682 per year and this is around £3 less than was the case at the end of 2007.
AA's experts have attributed the levelling off partly to the fact that March is a busy month of the year for motor insurance providers who have been holding their prices back in an effort to bolster their sales.
Chief executive at AA Insurance Andrew Strong said: "Insurers continue to be squeezed between increasing costs such as legal expenses and personal injury claims and competitive pressure."
"For every £100 taken in premiums, the industry shells out £112 in claims," he added.
Mr Strong noted recently that an increasing number of UK consumers are shopping for vehicle insurance online and as a result are more likely to compare prices before entering a particular deal.
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