Say yes to cheaper van, home and car insurance

The cost of a car insurance policy in the direct market is at its highest amount in two years, it has been claimed.

According to Experian's Motor Insurance Benchmark, the average market quote is up 7.9 per cent for May 2007 compared with prices a year earlier.

It added that the cost of cover has gone up from £519 to £560 over the period, with the average amount charged through an intermediary also up to £529.

David Murby, managing director of Experian's insurance services, claimed that the industry is in a period of transition.

"It is not as clear cut as it was 15 years ago," he said.

"Competition is aggressive and with technological advances and changing consumer needs, the industry is unlikely to settle back into a straightforward situation."

Commenting on the same report, Experian's Hayley Parsons claimed that avoid a speeding conviction can save on premiums.

© Adfero Ltd