Recent research by Sainsbury's finance also found that the past 12 months have seen auto insurance companies in the UK hike premiums up by nearly 13 per cent year-on-year.Source
Drivers now pay an average annual sum of £551.74 to protect their car, a 12.95 per cent increase on 2008's figures of £448.48 and a hefty 23.31 per cent more than the costs of yearly auto insurance premiums in 2007.
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