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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Admiral and esure accelerate as premium falls show signs of slowing

Car insurers have accelerated on signs that recent declines in prices could be slowing.

Admiral has added 78p to £14.04, making it the biggest riser in the FTSE 100, while esure is up 11.9p to 280p.

Car insurance premiums across the UK fell by 1.1% quarter on quarter in the final three months of the year, according to the latest sector survey from Towers Watson and Confused.com.

That compares to a 3.9% decline recorded in the previous quarter.

Overall the average cost of comprehensive car insurance for the fourth quarter of 2013 stood at £644, a year on year price drop of 12.5%.

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