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British Insurance Premium Index

Latest car and home insurance prices

The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home insurance since 1994.

It measures the five cheapest quotes for each 'customer' to provide an average or Shoparound premium.

Car and home insurance news – 2016 quarter 3

Car premiums have continued to rise
  • Comprehensive quote £82 higher than a year ago
  • AA warns Chancellor: "keep your hands off IPT" in Autumn Statement
  • Whiplash reforms shelved – more premium rises expected
Overall, home premiums still lower than in 2012

  • Contents quotes up, buildings and combined slightly down.
BIPI car and home insurance archive

2016 quarter 2
Car insurance – premiums start rising again
Home insurance – premiums up for the third successive quarter

2016 quarter 1
Car insurance – premiums stall over the first quarter
Home insurance – premiums rise, but still cheaper than five years ago

2015 quarter 4
Car insurance – largest quarterly premium rise since 2010, thanks to Insurance Premium Tax
Home insurance – premiums up for first time since 2011, due to IPT

2015 quarter 3
Car insurance – rise adds £26 to the average quote
Home insurance – at five-year low

2015 quarter 2
Car insurance – premiums bounce off the bottom
Tax hike to push up home insurance premiums

2015 quarter 1
Car insurance – premiums fall again
Good news for homeowners too – insurance premiums fall

2014 quarter 4
Car insurance – rise falters
Little movement in home insurance premiums

2014 quarter 3
Fall in car insurance premiums comes to an end
Home insurance – premiums still falling

2014 quarter 2
Car insurance premiums – biggest annual drop ever, 19.3% fall
Cost of home cover cheaper in real terms than 20 years ago

2014 quarter 1
Lowest car insurance premiums for three years
Flood claims fail to halt downward trend – home insurance remains "extremely good value for money"

2013 quarter 4
Another record fall as car premium plunge continues
Market average home contents insurance at a ten-year low

2013 quarter 3
Competition forces another record drop in car premiums for third quarter
Downward home premium trend continues for sixth successive quarter

2013 quarter 2
Biggest ever annual car insurance premium drop

2013 quarter 1
Legal reforms bring cost savings for car insurance
Home insurance premiums fall despite flood concerns

2012 quarter 4
Downward car premium trend masks car insurance gender extremes
Buildings and contents insurance see small rises

2012 quarter 3
Young driver premiums falling after two years of sustained increases
Washout summer brings home insurance premium increases

2012 quarter 2
Contrasting car premium movements for second quarter
Small premium falls for buildings and contents cover

2012 quarter 1
Annual motor premium increase 7.7% – smallest since 2008
Small premium rise for buildings, small fall for contents

2011 quarter 4
AA's benchmark Index shows 15% annual premium increase
Weather claims put pressure on home premiums

2011 quarter 3
Car premiums – fall by just £2
Home insurance – premiums still rising

2011 quarter 2
Car insurance – increases ease, home premiums see slight fall

2011 quarter 1
Shoparound average for car cover jumps 40% in 12 months
Home insurance – increases reflect record winter claims

2010 quarter 4
Shoparound premium increases by £210 in a year for car insurance
Cost of buildings cover reaches record high

2010 quarter 3
Young drivers hit in biggest annual premium increase
AA Index reveals big home insurance premium increases

2010 quarter 2
AA Index shows fraud pushes biggest car premium rise
Home insurance – premiums moving up

2010 quarter 1
Temporary respite in car premium rises
Buildings insurance continues to rise, contents premiums fall

What does the British Insurance Premium Index do?

Car insurance
The Index records premium movements for 2,800 car insurance 'customers' throughout the UK, from around 80 providers. The Shoparound premium is an average of the cheapest five premiums returned for each 'customer' in each basket of risks, and is thus close to what customers pay for their cover.

Home insurance
For home insurance, average premium movements are calculated from 750 customers in each basket of risks separately for buildings, contents and combined covers and from about 70 insurers, brokers and schemes.

Aggregators
The Index started separately tracking for comparison sites (aggregators) from the fourth quarter 2009. The same baskets of risks for both home and car insurance are used to obtain prices from selected comparison sites, and works in the same way as the main Index.