30 July 2009 by Parkers Team

  • Insurance costs continue to rise in 2009
  • Premium prices up by 11 per cent in a year
  • Use Parker's Compare to find the best price

Comparing the cost of car insurance has never been more important as the price of premiums continue to rise in 2009.

Prices went up at their fastest rate in nearly 10 years according to figures from the latest Insurance Premium Index by the AA.

The report shows that between April and June 2009 the average premium for annual comprehensive cover went up by 3.5 per cent from £751 to £778. Year on year the rise was 11 per cent with a premium costing £699 in June 2008.

Parker's recommends that drivers shop around to find the best price they can for their car insurance and can do this using our compare service. Parker's also highlights the best ways to cut down on insurance costs with a ten-step plan.

Costs of the Shoparound index - the average of the lowest three quotes - also went up between April and June. These are the premiums most people are likely to pay and increased by 4.4 per cent or £22 ni the three months while the year-on-year the price rose by £48.

The AA also said that it was young drivers that continued to be hit by the biggest premium increase with the price of third party, fire and theft cover going up from £925 to £968, while year on year it went up by 6.9 per cent from £905 in June 2008.

The company also pointed out that more and more insurers were beginning to stop third party, fire and theft completely and that many will not even give quotes for drivers under 21.

Spend five minutes with Parker's Compare and save £££s insuring your car.

It's quick and easy to use, and we've trawled the market to find the best deals from over 50 leading insurers. There's only a few questions and our unique easyfill tool makes filling out your details as painless as possible. Give it a try here.