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Car insurance braking or speeding ahead

While the latest figures from the AA show that car insurance is at an all-time high, statistics from Insurancewide website show that car insurance premiums have dropped this quarter.AA Insurance says that over the past quarter car insurance premiums have risen by 2.5 per cent, while figures released by Insurancewide indicate that in the last three months, comprehensive car insurance costs 4.6 per cent less on average.The contradiction comes as AA's index does not include direct insurers, while Insurancewide counts direct insurers such as and Its4Me in its statistics.Therefore, for those who have not considered taking out car cover with direct insurers, premiums have risen on average by 7.84 per cent year-on-year, costing to £822.47 in the last three months and £802.44 in the previous quarter.But those who have shopped around to include direct insurers would have spent only £703 in the past quarter and £738 in the previous quarter.

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