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22.07.10
After a year in which combined ratios in the U.K. private car insurance sector reached 122, rates are showing signs of hardening.
During the second quarter of 2010, the average cost of a comprehensive car insurance policy rose by 14.2%, according to the Confused.com/EMB Car Insurance Price Index. EMB describes itself as an "international actuarial and business consultancy and software provider." Confused.com describes itself as "one of the U.K.'s biggest and most popular price comparison services."
The second quarter increase, described in the survey as a "turbo-boost," came after successive quarterly jumps of 4.3% and 6.3% and contributed to what Confused.com/EMB said has been a 31% rise in the cost of comprehensive policies since July 2009.
The increase in the second quarter pushed average premiums up by 74 pounds (87.5 euros) to 599 pounds, the survey said.
Peter Lee, a partner at EMB, said rates rose 6% on a month-to-month basis in April alone. The increases "come off
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