Motor insurance premiums 2. Home insurance premiums 6. Index home and motor quarterly moves 9. Index market average trends since

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1 AA British Insurance Premium Index AA British Insurance Premium Index Quarter July 2013 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home insurance since It measures the market average premium (an average of all quotes on a UK-representative basket of 'customers') as well as the five cheapest quotes for each 'customer' to provide the index. Motor insurance premiums 2 Home insurance premiums 6 Index home and motor quarterly moves 9 Index market average trends since Media contact Ian Crowder The information in the Index may only be used internally by the business (Internal Business Use) on the following terms. Internal Business Use means use of the information contained in the Index in reports and submissions that do not carry advertising in internal business activities. It specifically excludes any commercial use and exploitation including any use whereby the user obtains direct or indirect revenue, for example as part of any publishing activity, promotion, marketing or advertising. The AA copyright notice must be displayed on all such information. Press journalists may use the Index for editorial purposes without prior permission. Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). The AA excludes all implied warranties and conditions to the fullest extent permitted by law. The AA does not in any way warrant the accuracy or completeness of the Index, and by using the Index the user acknowledges that it is relying upon its own skill in determining its suitability for any general or specific purpose and accepts that the Index may not be error free. Automobile Association Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FCA). The Automobile Association Limited 2013 Page 1

2 AA British Insurance Premium Index Motor insurance premiums Quarter Car and home insurance premiums plummet Biggest ever annual car insurance premium drop Home premiums continue falling trend Motorists will welcome the biggest fall in car insurance premiums ever recorded by the AA's British Insurance Premium Index. The average quote for an annual comprehensive car insurance policy fell to , dropping 9.8% from in July Simon Douglas, director of AA Insurance, said: "This fall, the biggest the AA's Index has recorded since it started in 1994, is the sixth successive quarterly drop in premiums. It will be welcome news for hard-pressed motorists facing sharp fuel price increases." The quote is an average of the five cheapest premiums aggregated from the direct or broker channels and price comparison sites. "Insurers were facing a fast-widening gap between premium income and claims costs, largely driven by whiplash injury claims and fraud which saw very sharp premium increases between 2009 and 2011," Mr Douglas said. "That gap is closing and premiums are falling again thanks to competition, as well as improved fraud detection by the insurance industry and tightening of the law that is beginning to curb the number of spurious new whiplash injury claims. The news that hundreds of rogue 'no-win nofee' claims firms have been reined in is welcome and in part, falling insurance premiums reflect that.* "I hope that Britain's shameful reputation as being the 'whiplash claim capital of Europe' will now be put behind us. However, Mr Douglas says that the motor insurance industry still faces many challenges: for example bringing down the high frequency and cost of crashes involving young drivers and uninsured driving. Continued * A ban of referral fees and other measures introduced by the Ministry of Justice, has led to a reduction in the number of claims management firms from 2,435 in March 2012 to 1,700 in June Source: BBC. The Automobile Association Limited 2013 Page 2

3 AA British Insurance Premium Index He also points out that the gender-neutral insurance environment, following a European Court of Justice ruling which came into effect last December, has seen premiums for young men falling while those for women have either remained static or have risen by much less than expected. "The background of falling premiums has helped insurers to more effectively manage the premium gap between men and women, although young drivers have fared least well. Some new and young women drivers will have seen a small premium increase, even after taking their no-claim discount into account." Mr Douglas expects premiums to continue falling but adds: "The cost of car insurance is still around double what it was six years ago." Car insurance winners and losers All ages have on average seen significant premium falls over the past year but those between 23 and 29 have seen the biggest fall, at 12.8% (to ). The smallest fall was among drivers aged over 70 at 3.9% (to ). Regionally, areas that have seen the highest activity from claims management companies have seen the biggest percentage drops over the last quarter: Granada 4.4% (to ), followed by London 3.5% (to ). Continued The Automobile Association Limited 2013 Page 3

4 AA British Insurance Premium Index summary Jul-12 Comprehensive % TPFT % % Age Premium Annual change , % % % % % % % TV region Premium Quarterly change London % South % Anglia % Central (Midlands) West & West country % Wales % Granada % Yorkshire % Border & Tyne-Tees % Scotland % Ulster * * * The number of risks in Northern Ireland is insufficient for meaningful analysis. However, the broker or direct channel has seen a premium fall of -2.3% Continued The Automobile Association Limited 2013 Page 4

5 AA British Insurance Premium Index Download the Index (csv file) for motor insurance 2800 risks for car insurance Motor insurance charts direct market Quarterly movements for car insurance Motor insurance average premiums July 2013 (table) Motor insurance summary region and age July 2013 (table) Premium changes by age Premium changes by region Motor insurance comprehensive premium trends Motor insurance TPFT premium trends Motor insurance charts price comparison market Motor insurance average premiums July 2013 (table) Motor insurance summary region and age July 2013 (table) Premium changes by age Premium changes by region The Automobile Association Limited 2013 Page 5

6 AA British Insurance Premium Index Home insurance premiums Quarter Home insurance costs carry on falling but flood agreement could reverse trend Average quoted premiums for home insurance have fallen again, particularly for buildings cover which has dropped for the fourth quarter in succession. The average quote for a home buildings policy fell by 5% over a year (2.6% over the past three months) to , representing the biggest annual fall recorded by the Index. The average quoted premiums for a typical contents policy fell by 2.1% over the quarter (3.8% over the year) to while the combined buildings and contents policy average fell 2.5% (5.8% for the year) to Simon Douglas, director of AA Insurance, says that home insurance continues to offer extremely good value for money. But he says he is concerned that the flood agreement, reached in principle between the government and the insurance industry early in July, could affect all home insurance policies. "While the details have yet to be thrashed out, I understand that the Flood Re agreement will see premiums for homes in flood-prone areas capped in line with council tax bands, making them affordable. "I do see this as very welcome news although primary legislation will be needed, as well as EU approval before the agreement takes effect, which will take time. "Claims will be met partly from insurers and partly from a 'flood reinsurance pool' which has to be funded from somewhere. The government is unlikely to underwrite the scheme (as happens in other European countries) so it seems likely that a levy of around 10 could be added to every home insurance policy." Mr Douglas suggests though, that while premiums are falling thanks to a competitive home insurance market, some of any potential levy could be absorbed. "But if there is a major flood disaster soon after the agreement is finalised that will lead to a sharp rise in home premiums, as happened after the 2007 disaster. "There's still a long way to go but the progress in helping flood-prone families, many of whom are seeing increasing risk from flooding, is very welcome news. However it must be coupled with continuing significant investment in flood defences. Continued The Automobile Association Limited 2013 Page 6

7 AA British Insurance Premium Index "After all, it is far better that flood potential is removed than go through the painful business of cleaning up after a disaster which is not just heart-breaking for the families affected but costly for insurers, local authorities, the economy and the government." Mr Douglas added that while some home owners might not be happy about bearing a little of the cost of covering flood-afflicted properties, there is a fast-increasing number of homes at risk of flooding through water run-off. "There is no doubt that the British weather is seeing greater extremes of rainfall affecting people who have never suffered flooding in the past. "In the long term, this is bound to have a significant impact on home premiums: which is why the government and local authorities must keep flood management firmly at the top of the agenda." summary Jul-12 Buildings % Contents % % Combined % % Download the Index (csv file) for home insurance: 750 risks for home insurance Continued The Automobile Association Limited 2013 Page 7

8 AA British Insurance Premium Index Home insurance charts direct market Quarterly movements for home insurance Home insurance average premiums July 2013 (table) Home insurance buildings average premiums July 2013 (table) Home insurance contents average premiums July 2013 (table) Home insurance combined average premiums July 2013 (table) Premium changes by region Premium changes by age Premium changes by property type Premium changes by year built Home insurance buildings premium trends Home insurance contents premium trends Home insurance charts price comparison market Home insurance average premiums July 2013 (table) Home insurance buildings average premiums July 2013 (table) Home insurance contents average premiums July 2013 (table) Home insurance combined average premiums July 2013 (table) Premium changes by region Premium changes by age Premium changes by property type Premium changes by year built The Automobile Association Limited 2013 Page 8

9 , , , , , , AA British Insurance Premium Index quarterly moves - July 2013 Buildings Contents Combined Comp TPFT July 1994 market average premium April 2013 market average premium , , July 2013 market average premium , , April 2013 shoparound average premium , July 2013 shouparound average premium , AA British Insurance Premium Index quarterly moves - July 2013 Buildings Contents Combined Comp TPFT July 1994 market average premium April 2013 market average premium July 2013 market average premium April 2013 shoparound average premium July 2013 shouparound average premium A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of home insurance on 750 risks each for buildings and contents, and on 2800 car insurance risks comprehensive and 300 TPFT. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average car insurance premiums based on open market rates from 80 of the UK's leading insurers and home premiums across 72 insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the previous quarter. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

10 Jul-94 Jan-95 Jul-95 Jan-96 Jul-96 Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 AA British Insurance Premium Index market average trends since Motor Comp Home Buildings Motor TPFT Home Contents

11 Motor direct market summaries AA British Insurance Premium Index

12 , , , , , , AA British Insurance Premium Index quarterly moves - July 2013 Comp TPFT July 1994 market average premium April 2013 market average premium 1, , July 2013 market average premium 1, , April 2013 shoparound average premium , July 2013 shoparound average premium , AA British Insurance Premium Index quarterly moves - July 2013 Comp July 1994 market average premium April 2013 market average premium July 2013 market average premium April 2013 shoparound average premium July 2013 shoparound average premium TPFT A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of 2800 car insurance risks comprehensive and 300 TPFT. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average car insurance premiums based on open market rates from 80 of the UK's leading insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the previous quarter. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

13 Motor Average Premiums July 2013 Summary Average Premium Jul-12 Comprehensive 1, , % 1, % Third Party Fire & Theft 1, , % 1, % Summary Average Premium Jul-12 Comprehensive % % Third Party Fire & Theft 1, , % 1, %

14 Motor Regional Summary - direct Region London 447 1, , % % South % Anglia % % Central 329 1, , % % West & West Country % % Wales % % Granada 243 1, , % 1, , % Yorkshire 222 1, , % % Border & TyneTees 127 1, , % % Scotland % % UTV 84 1, , % 1, , % Motor Age Summary - direct Age , , % 1, , % , , % 1, , % % % % % % % % % % Total 2,604

15 AA BIPI motor quarterly average shoparound premium movement by Age July

16 London South Anglia Central West & West Country Wales Granada Yorkshire Border & TyneTees Scotland UTV AA BIPI motor quarterly average shoparound premium movement by Super Regions July

17 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Premium 1,200 1,150 1,100 1,050 1, AA BIPI Motor Comprehensive shoparound premium trends 45% 4 35% % 2 15% 1 5% Annual Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Annual % 22.6% 22.5% 30.9% 39.3% 33.2% 40.1% 30.1% 16.4% 15.3% 7.7% 8.5% 5.6% -2.8% -1.2% -9.7% Comp Premium

18 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Premium 1,800 1,750 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 1, AA BIPI Motor Third Party shoparound premium trends 88% 78% 68% 58% 48% 38% 28% 18% 8% Annual Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Annual 12.8% 20.7% 33.4% 35.6% 49.4% 54.6% 71.9% 82.1% 49.6% 33.1% 7.6% % 3.9% 2.7% 5.5% -3.4% 3rd Party Prem , , , , , , , , , , ,112.60

19 Motor price comparison market summaries AA British Insurance Premium Index

20 Motor Aggregator Average Premiums July 2013 Summary Average Premium Jul-12 Comprehensive 1, , , % Third Party Fire & Theft 1, , % 1, % Summary Average Premium Jul-12 Comprehensive % % Third Party Fire & Theft % % Insurers Used 99

21 Motor Regional Summary - aggregator Region Anglia % % Border & TyneTees 131 1, , % % Central 331 1, , % % Granada 265 1, , % London 445 1, , % % Scotland % % South % % Wales % % West & West Country % % Yorkshire 227 1, , % % Motor Age Summary - aggregator Age , , % 1, , % , , % % % % % % % % % % Total 2,206

22 AA BIPI quarterly average premium movement by Age - Aggregator July % 6% 4% 2% -6%

23 Anglia Border & TyneTees Central Granada London Scotland South Wales West & West Country Yorkshire AA BIPI quarterly average premium movement by ITV Super Regions - Aggregator July % 4% 3% 2% 1%

24 Home direct market summaries AA British Insurance Premium Index

25 AA British Insurance Premium Index quarterly moves - July 2013 Buildings Contents Combined July 1994 market average premium April 2013 market average premium July 2013 market average premium April 2013 shoparound average premium July 2013 shoparound average premium AA British Insurance Premium Index quarterly moves - July 2013 Buildings Contents Combined July 1994 market average premium April 2013 market average premium July 2013 market average premium April 2013 shoparound average premium July 2013 shoparound average premium A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of home insurance on 750 risks each for buildings and contents. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average home insurance premiums based on open market rates from 72 of the UK's leading insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the same quarter last year. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

26 Home Average Premiums July 2013 Summary Average Premium Jul-12 Buildings % % Contents % % Combined % % Summary Average Premium Jul-12 Buildings % % Contents % % Combined % %

27 Regional Summary Buildings Region Border & TyneTees % % Central & Granada % % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Age Summary Buildings Age % % % % % % % % % % % % % % Property Summary Buildings Property Type Detached House % % Mid Terrace House % Semi Detached House % End Terrace House Semi Detached Bungalow % % Detached Bungalow % % Flat % % Year Built Summary Buildings Year Built < % % % % % % % % % %

28 Regional Summary Contents Region Border & TyneTees % % Central & Granada % % London & South % % Scotland % % Wales % West & West Country % % Yorkshire & Anglia % % Age Summary Contents Age % % % % % % % % % % % % % Property Summary Contents Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % Flat % % Year Built Summary Contents Year Built < % % % % % % %

29 Regional Summary Combined Region Border & TyneTees % Central & Granada % % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Age Summary Combined Age % % % % % % % % % % % % % % Property Summary Combined Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % % Flat % Year Built Summary Combined Year Built < % % % % % % %

30 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Border & TyneTees Central & Granada Yorkshire & Anglia London & South Scotland Wales West & West Country Yorkshire & Anglia AA BIPI home quarterly average Buildings premium movements by Super Regions - July 2013 AA BIPI home quarterly average Contents premium movements by Super Regions - July % 2% 1% -6% AA BIPI home quarterly average Combined premium movements by Super Regions - July 2013

31 AA BIPI home quarterly average Buildings premium movements by Age - July 2013 AA BIPI home quarterly average Contents premium movements by Age - July % 2% 1% -6% -7% -8% -6% -9% AA BIPI home quarterly average Combined premium movements by Age - July % -6% -7% -8%

32 Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat Flat AA BIPI home quarterly average Buildings premium movements by Property Type - July 2013 AA BIPI home quarterly average Contents premium movements by Property Type - July % -6% -6% -7% -8% -7% -9% AA BIPI home quarterly average Combined premium movements by Property Type - July % -6% -8% -1

33 < < < AA BIPI home quarterly average Buildings premium movements by Year Built - July 2013 AA BIPI home quarterly average Contents premium movements by Year Built - July % 1% -6% AA BIPI home quarterly average Combined premium movements by Year Built - July 2013

34 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Premium 180 AA BIPI Home Buildings shoparound premium trends % % Annual Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Annual 5.3% 5.4% 11.5% 6.7% 3.5% 7.5% 10.2% 13.6% 11.8% 14.3% 9.5% 7.1% 6.9% 5.2% 2.2% -0.8% -2.5% Buildings Premium

35 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Premium 112 AA BIPI Home Contents shoparound premium trends % % Annual Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Annual -7.9% -4.7% 4.4% 1.6% 9.5% 14.9% 8.3% 11.9% 8.2% 5.8% 11.2% 3.7% 4.8% 3.3% -0.5% % Contents Premium

36 Home price comparison market summaries AA British Insurance Premium Index

37 Home Aggregator Average Premiums July 2013 Summary Average Premium Jul-12 Buildings % % Contents % % Combined % % Summary Average Premium Jul-12 Buildings % % Contents % % Combined % % Buildings insurers used Contents insurers used Combined insurers used

38 Aggregator Regional Summary Buildings Region Border & TyneTees % % Central & Granada % London & South Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Buildings Age % % % % % % % % % % % % Aggregator Property Summary Buildings Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % % Flat % % Aggregator Year Built Summary Buildings Year Built < % % % % % % % % %

39 Aggregator Regional Summary Contents Region Border & TyneTees % % Central & Granada % % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Contents Age % % % % % % % % % % % Aggregator Property Summary Contents Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % % Flat % % Aggregator Year Built Summary Contents Year Built < % % % % % % % % % %

40 Aggregator Regional Summary Combined Region Border & TyneTees % % Central & Granada % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Combined Age % % % % % % % % % % % % % Aggregator Property Summary Combined Property Type Detached House % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % Flat % % Aggregator Year Built Summary Combined Year Built < % % % % % % % % % %

41 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia AA BIPI home quarterly average Buildings premium movements by Super Regions - Aggregator July 2013 AA BIPI home quarterly average Contents premium movements by Super Regions - Aggregator July % -7% -6% -8% -9% -1 AA BIPI home quarterly average Combined premium movements by Super Regions - Aggregator July % -7% -8%

42 AA BIPI home quarterly average Buildings premium movements by Age - Aggregator July 2013 AA BIPI home quarterly average Contents premium movements by Age - Aggregator July % 1% -6% -8% -1-12% -6% -14% AA BIPI home quarterly average Combined premium movements by Age - Aggregator July % -7%

43 Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat AA BIPI home quarterly average Buildings premium movements by Property Type - Aggregator July 2013 AA BIPI home quarterly average Contents premium movements by Property Type - Aggregator July % 2% 1% -6% -8% -1-6% -12% AA BIPI home quarterly average Combined premium movements by Property Type - Aggregator July % 2% 1% -6% -7%

44 < < < AA BIPI home quarterly average Buildings premium movements by Year Built - Aggregator July 2013 AA BIPI home quarterly average Contents premium movements by Year Built - Aggregator July % 6% 4% 2% -6% -6% -8% -1-8% -1-12% AA BIPI home quarterly average Combined premium movements by Year Built - Aggregator July % -6% -7%

45 THE AA'S BRITISH INSURANCE PREMIUM INDEX - July 2013 Note: IPT at 2.5 per cent was introduced to premiums between July and October 1994 IPT was increased to 4% on 1 April 1997 and then to 5% on 1 July 1999 and then to 6% on 4 January 2011 Figures shown include IPT, whereas on July 1994 premiums IPT did not apply All figures are market average premiums Important Note The information contained in the British Insurance Premium Index ( Index ) is the AA copyright: Automobile Association Insurance Services Limited All rights reserved. The information may only be used internally by the business ( Internal Business Use ) on the following terms. Internal Business Use means use of the information contained in the Index in reports and submissions, that do not carry advertising, in internal business activities. It specifically excludes any commercial use and exploitation including any use whereby the user obtains direct or indirect revenue, for example as part of any publishing activity, promotion, marketing or advertising. The AA Copyright notice must be displayed on all such information. Press journalists may use the Index for editorial purposes without prior permission. Any use of the Index other than as above is not permitted without the prior written consent of the AA (details below). AA excludes all implied warranties and conditions to the fullest extent permitted by law. AA does not in any way warrant the accuracy or completeness of the Index and by using the Index the user acknowledges that it is relying upon its own skill in determining its suitability for any general or specific purpose and accepts that the Index may not be error free. Automobile Association Insurance Services Limited is an intermediary and is regulated by the Financial Services Authority. For further information, please contact Ian Crowder, telephone or

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