Car insurance premiums are rising steadily in price, according to the latest research by Sainsbury's Car Insurance.
The company claims that the average premium price in July this year was £486.43, 2.9 per cent more than in December 2006 and a year-on-year increase of 4.2 per cent.
Over the preceding 12 month period, the average car insurance premium went up by £19.80, the researchers found.
Age and gender were found to be two of the biggest factors affecting insurance premium prices.
Men generally pay more than women and drivers under 25 usually pay more than those older than them.
Lucy Hunter, Sainsbury’s Car Insurance Manager said that it has been predicted that premium rates could go up by as much as ten per cent in the coming year.
"However, by shopping around, you can still reduce your premiums significantly," she added.
Sainsbury's warning on rising car insurance premiums echoes that issued by insurance provider Admiral last week.
© Adfero Ltd