aa british insurance premium index aa british insurance premium

AA British Insurance Premium Index

© The Automobile Association Limited 2012 of 9

AA British Insurance Premium Index Quarter 3 2012

23 October 2012

The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home insurance since 1994. 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 Shoparound Index.

Motor insurance premiums 2

Home insurance premiums 6

Index home and motor quarterly moves 10

Index market average trends since 1994 11

Media contact

Ian Crowder

01256 492 844—[email protected]

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).

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.

mailto:[email protected]



Motor insurance premiums – Quarter 3 2012

Car insurance premiums continue to fall, AA Index finds

Young driver premiums falling after two years of sustained increases

'Unfair' gender ruling as young womens' premiums rise sharply

According to the latest benchmark AA British Insurance Premium Index for the three months ending 30 September 2012, car insurance premiums are showing a downward trend.

The Shoparound Index – an average of the cheapest five premiums from directly sold policies for each 'customer' in a nationwide basket of risks – suggests that over the third quarter the average quoted cost for an annual comprehensive car insurance policy fell by 2.9% to £844. However over 12 months quotes have risen by 5.6%.

Using the same Shoparound basket of risks on price comparison sites suggests that the average premium has fallen by 1.0% to £612, a drop over 12 months of 2.3%.

Simon Douglas, director of AA Insurance, says that this is good news for customers although the averages mask wide premium extremes.

"Competition is tough in the insurance market, forcing many companies to reduce premiums despite the fact that costs show little sign of abating. Nevertheless, some are still increasing premiums.

"Motor insurance has been a focus of government attention for some time, and next year new legal reforms are expected to reduce the cost of personal injury claims and fraud. Whiplash injury claims continue to pour in, and under current legislation they are difficult for insurers to reject, even if they think they may be fraudulent, because it is difficult to prove whether or not a claimant has suffered."

A new report from the Institute of Actuaries shows that personal injury claims management companies increased their income by 21% in 2011, while the average small injury claim including whiplash is £8,400, costing the industry an estimated £400 million per year.

"The days of 'open season' for fraudulent injury claims, cash for crash and similar scams are numbered," Mr Douglas says.

Mr Douglas also points out that the insurance industry is preparing for the gender-neutral environment after a European Court of Justice (ECJ) ruling takes effect from 21 December 2012.

Continued

http://www.theaa.com/insurance/index.jsp



"Over coming weeks, most insurers, including AA Insurance, will introduce gender-neutral pricing ahead of the deadline. This will affect young female drivers most, who could see premiums rise by as much as 25%.

"Insurers are likely to be cautious initially because they won't know what mix of business they'll write after the change. They will want to avoid writing young male business at unprofitable rates, but competitive pressure will lead to premiums settling down in time. That is likely to take very many months however.

"We may now have gender equality, but that still doesn't mean that it is fair."

Young womens' premiums fall ahead of gender ruling

Premiums for young drivers (aged 17-22) have also fallen slightly, following sustained increases over the past two years which reflect the growing cost of claims involving young drivers, especially men.

Mr Douglas says: "The gap between young male and female drivers had been gradually closing, although the latest Index shows that premiums have fallen further for young women than for their male peers. It may be that some insurers are taking a longer term view of profitability, recognising that premiums will rise at renewal when they cannot reflect gender in their rates.

"Just weeks from the ECJ gender change directive deadline, young female drivers are paying on average £500 less for their cover. For new drivers, my advice to young women would be to buy their insurance as soon as they can while young men might be advised to wait until the new year, since their premiums for them are likely to fall further."

Over the third quarter, young men saw their premiums fall by 0.7% to £1,603 while those for young women fell by 2.2% to £1,127.

Drivers with telematic insurance, such as AA Drivesafe, will see less change following the gender ruling since premiums are affected more by driving performance than gender.

Regional variations

All regions saw average premiums fall, with the exception of Anglia (an increase of 1.4%, according to the Shoparound Index). Scotland, which has a legal system that discourages spurious whiplash injury claims, remains the cheapest region in which to buy car insurance with an average Shoparound quote of £438 (a fall of 0.1%); while Granada is still the most expensive £1,059 (a fall of 0.3%).

Continued

http://www.theaa.com/insurance/telematic-insurance.html



Motor insurance premiums – Quarter 3 2012

Summary tables

Direct market: Shoparound summary

Average premium Oct-12 Jul-12 Percentage Change Oct-11 Percentage

Change Comprehensive £844.66 £870.16 -2.9% £799.96 5.6%

Third Party Fire & theft £1,161.76 £1,182.82 -1.8% £1,117.79 3.9%

Price comparison market: Shoparound summary

Average premium Oct-12 Jul-12 Percentage Change Oct-11 Percentage

Change Comprehensive £612.79 £618.91 - 1.0% £627.15 - 2.3%

Third Party Fire & theft £830.37 £843.68 - 1.6% £803.39 + 3.4%

TPFT appears to be a higher price than comprehensive because it reflects the basket of risks, which is predominantly young drivers with older cars for TPFT

Editors may notice that the premiums quoted for July are lower than those quoted last quarter. This is because the methodology of the Index has changed which has brought premiums for both Direct and Aggregator indices more in line with reality. The percentage increases/decreases have been preserved

Download the Index (csv file) for motor insurance

2800 risks for car insurance

Continued

http://www.theaa.com/newsroom/bipi/201210-aa-bipi-motor.csv



Motor insurance charts – direct market

Motor insurance average premiums October 2012 (table)

Quarterly movements for car insurance

Premium changes by region

Premium changes by age and gender

Motor insurance – comprehensive Shoparound premium trends

Motor insurance – TPFT Shoparound premium trends

Motor insurance charts – price comparison market

Motor insurance average premiums October 2012 (table)


Premium changes by age and gender



Home insurance premiums – Quarter 3 2012

Home insurance premiums rising, according to AA Index

Washout summer brings home insurance premium increases

AA urges government to make flood defence investment a priority

The latest benchmark AA British Insurance Premium Index shows that over the third quarter of 2012, the average insurance quote for both home buildings and contents cover has risen following a washout summer of storms and flood.

According to the Shoparound summary, which is an average of the five cheapest quotes for each property in a country-wide basket of risks, the cost of buildings cover rose 2.4% to £181 over the three months to the end of September (5.2% over 12 months), while contents cover rose 1% to £242 (7.2% over 12 months).

Simon Douglas, director of AA Insurance, says that the wet summer, which according to the Association of British Insurers has cost insurers in excess of £400 million, is a sharp reminder that the industry must be prepared for more of the same over coming years.

The Environment Agency predicts that heavy rainfall will become three or four times more common over coming decades, increasing flooding tenfold. Meanwhile the Climate Vulnerability Monitor, a report on the worldwide effects of global warming published in September, suggests that the cost of flood damage in Britain is likely to triple by 2030.

"I am very concerned that no agreement has yet been reached in finding an affordable option to the 'statement of principles' between the insurance industry and the government, which ensures that families in flood-prone properties can continue to obtain flood cover. This expires in June next year and if no agreement is reached soon, could lead to the most vulnerable homes becoming uninsurable.

"To put this into context, insurers measure flood risk in terms of events likely to happen over a period of years. Even if a home is at risk of flooding once in a century, given that the average cost of repairing a flood-damaged property is £20,000 that is the equivalent of £200 per year, on top of the cost of covering other risks."

Mr Douglas also points out that flooding is extremely costly in terms of damage to infrastructure and disruption to the economy, as well as to families' homes; yet investment in flood defences has also fallen by more than 20%.

"It's vital that the government and local authorities make tackling the problem at source by investing in flood defences a priority.

Continued

http://www.theaa.com/insurance/index.jsp



"It's hard to think of a better return on investment."

Mr Douglas points to the £38 million that was spent on flood defences in Carlisle following devastating floods there in 2005. Last month, although some properties in the region were flooded following exceptional rainfall, the new defences kept around 1,500 homes in the city dry.

"That represents a return of at least 100% in terms of the cost of mopping up and damage to property that has been saved."

Regional trends – Shoparound Index

Buildings

Every region of the UK has seen premiums rise. The most expensive region to insure a home is London and the South East, with an average buildings premium of £200, an increase of 2.9% over the quarter. The biggest regional premium increases were Yorkshire and East Anglia, which saw premiums jump 3.5% to £177. Wales and the West Country remain the cheapest region to insure a home with an average quoted premium of £157, up 1.1% over the quarter.

Contents

The highest quoted Shoparound premium for contents cover is in the Central and North West England with at an average of £101, an increase of 0.7% over the third quarter of 2012, marginally higher than Yorkshire, which saw premiums rise 0.9% to £100. In Wales, the average Shoparound quote for contents insurance fell 0.6% to £84. The cheapest regions to insure home contents are Scotland and the West Country, each £79.

Continued



Home insurance premiums – Quarter 3 2012

Summary tables

Direct market: Shoparound summary

Average Premium Oct-12 Jul-12 Percentage Change Oct-11 Percentage

Change Buildings £181.48 £177.27 2.4% £172.51 5.2%

Contents £92.84 £92.14 0.8% £89.86 3.3%

Combined £242.42 £239.91 1.0% £226.20 7.2%

Download the Index (csv file) for home insurance:

750 risks for home insurance

Continued

http://www.theaa.com/newsroom/bipi/201210-aa-bipi-home.csv



Home insurance charts – direct market

Home insurance – buildings average premiums October 2012 (table)

Home insurance – contents average premiums October 2012 (table)

Home insurance – combined average premiums October 2012 (table)

Quarterly movements for home insurance


Premium changes by age

Premium changes by property type

Premium changes by year built

Home insurance – buildings Shoparound premium trends

Home insurance – contents Shoparound premium trends

Home insurance charts – price comparison market

Home insurance – buildings average premiums October 2012 (table)

Home insurance – contents average premiums October 2012 (table)

Home insurance – combined average premiums October 2012 (table)


Premium changes by age

Premium changes by property type

Premium changes by year built

Buildings Contents Combined Comp TPFT

July 1994 market average premium £167.70 £108.66 £323.87 £348.77

July 2012 market average premium £226.87 £118.14 £309.22 £1,254.65 £1,663.16

October 2012 market average premium £231.52 £119.35 £311.39 £1,219.40 £1,594.46

July 2012 shoparound average premium £177.27 £92.14 £239.91 £870.16 £1,182.82

October 2012 shouparound average premium £181.48 £92.84 £242.42 £844.66 £1,161.76

A base rate of 100 was set at July 1994. 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 -

2500 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.

AA British Insurance Premium Index quarterly moves - October 2012

Buildings Contents Combined Comp TPFT

£1

67

.70

£1

08

.66

£3

23

.87

£3

48

.77

£2

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70

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81

.48

£9

2.8

4

£2

42

.42

£8

44

.66

£1

,16

1.7

6


July 1994 market average premium July 2012 market average premium October 2012 market average premium July 2012 shoparound average premium October 2012 shouparound average premium

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AA British Insurance Premium Index market average trends since 1994

Motor Comp Motor TPFT

Home Buildings Home Contents

Motor direct market summaries


Comp TPFT

July 1994 market average premium £323.87 £348.77

July 2012 market average premium £1,254.65 £1,663.16

October 2012 market average premium £1,219.40 £1,594.46

July 2012 shoparound average premium £870.16 £1,182.82

October 2012 shoparound average premium £844.66 £1,161.76


on the movements of 2800 car insurance risks - 2500 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.








Comp TPFT

£3

23

.87

£3

48

.77

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July 1994 market average premium July 2012 market average premium October 2012 market average premium July 2012 shoparound average premium October 2012 shoparound average premium

Market Summary

Average Premium Oct-12 Jul-12Percentage

ChangeOct-11

Percentage

Change

Comprehensive £1,219.40 £1,254.65 -2.8% £1,221.23 -0.2%

Third Party Fire & Theft £1,594.46 £1,663.16 -4.1% £1,582.82 0.7%

Shoparound Summary


ChangeOct-11

Percentage

Change

Comprehensive £844.66 £870.16 -2.9% £799.96 5.6%

Third Party Fire & Theft £1,161.76 £1,182.82 -1.8% £1,117.79 3.9%

Motor Average Premiums

October 2012

Motor Regional Summary - direct

Oct-12 Jul-12Percentage

ChangeOct-12 Jul-12

Percentage

Change

London 433 £1,459.97 £1,492.97 -2.2% £953.63 £991.39 -3.8%

South 330 £1,017.32 £1,058.14 -3.9% £738.47 £757.10 -2.5%

Anglia 217 £1,055.49 £1,123.48 -6.1% £814.49 £839.40 -3.0%

Central 327 £1,273.19 £1,301.88 -2.2% £886.71 £914.19 -3.0%

West & West Country 198 £977.65 £1,012.88 -3.5% £681.42 £697.26 -2.3%

Wales 175 £1,041.70 £1,083.49 -3.9% £832.03 £843.76 -1.4%

Granada 235 £1,789.27 £1,825.26 -2.0% £1,242.09 £1,263.65 -1.7%

Yorkshire 218 £1,400.39 £1,434.03 -2.3% £1,000.47 £1,039.46 -3.8%

Border & TyneTees 127 £1,292.91 £1,311.41 -1.4% £887.15 £917.60 -3.3%

Scotland 171 £836.87 £888.09 -5.8% £639.57 £649.46 -1.5%

UTV 50 £1,477.53 £1,530.88 -3.5% £736.16 £759.48 -3.1%

Motor Gender and Age Summary - direct

Male

Age Oct-12 Jul-12Percentage

ChangeOct-12 Jul-12

Percentage

Change

17-22 129 £3,017.81 £3,062.17 -1.4% £1,977.45 £2,074.96 -4.7%

23-29 229 £1,961.59 £2,022.47 -3.0% £1,461.97 £1,505.53 -2.9%

30-39 204 £1,173.69 £1,214.63 -3.4% £876.15 £906.11 -3.3%

40-49 241 £983.33 £1,027.58 -4.3% £741.39 £754.09 -1.7%

50-59 165 £756.51 £790.60 -4.3% £554.40 £565.87 -2.0%

60-69 205 £701.54 £701.32 0.0% £509.33 £519.27 -1.9%

70+ 71 £849.87 £866.24 -1.9% £660.74 £677.29 -2.4%

Subtotal 1,244

Female


ChangeOct-12 Jul-12

Percentage

Change

17-22 160 £2,057.09 £2,144.88 -4.1% £1,551.22 £1,614.41 -3.9%

23-29 258 £1,300.97 £1,363.37 -4.6% £1,007.76 £1,043.61 -3.4%

30-39 200 £1,002.77 £1,028.32 -2.5% £749.52 £756.81 -1.0%

40-49 232 £881.44 £906.10 -2.7% £643.07 £653.83 -1.6%

50-59 196 £734.23 £768.37 -4.4% £539.15 £550.53 -2.1%

60-69 175 £603.84 £608.15 -0.7% £460.15 £466.32 -1.3%

70+ 74 £648.14 £657.47 -1.4% £501.58 £504.53 -0.6%

Subtotal 1,295

All


ChangeOct-12 Jul-12

Percentage

Change

17-22 289 £2,537.45 £2,603.52 -2.5% £1,741.47 £1,819.99 -4.3%

23-29 487 £1,628.87 £1,690.52 -3.6% £1,221.34 £1,260.82 -3.1%

30-39 404 £1,090.25 £1,123.68 -3.0% £813.46 £832.20 -2.3%

40-49 473 £934.22 £969.03 -3.6% £693.16 £704.91 -1.7%

50-59 361 £744.53 £778.64 -4.4% £546.12 £557.54 -2.0%

60-69 380 £657.70 £659.51 -0.3% £486.68 £494.89 -1.7%

70+ 145 £746.31 £759.08 -1.7% £579.51 £589.12 -1.6%

Total 2,539

Number of

Risks

Market Shoparound

Number of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound

Number of

Risks

Market Shoparound

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%Lo

nd

on

Sou

th

An

glia

Ce

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al

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st &

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r &

Tyn

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es

Sco

tla

nd

UT

V

Market

Shoparound

AA BIPI motor quarterly average shoparound premium movement by Super Regions October 2012

-5.0%

-4.5%

-4.0%

-3.5%

-3.0%

-2.5%

-2.0%

-1.5%

-1.0%

-0.5%

0.0%

0.5%

17-22 23-29 30-39 40-49 50-59 60-69 70+ 17-22 23-29 30-39 40-49 50-59 60-69 70+ 17-22 23-29 30-39 40-49 50-59 60-69 70+

Male Female All

Market

Shoparound

AA BIPI motor quarterly average shoparound premium movement by Age and Gender October 2012

-5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

400

450

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550

600

650

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1,000

1,050

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Oct

-08

Feb

-09

Jun

-09

Oct

-09

Feb

-10

Jun

-10

Oct

-10

Feb

-11

Jun

-11

Oct

-11

Feb

-12

Jun

-12

Oct

-12

An

nu

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ange

Pre

miu

m £

Oct-08

Jan-09Apr-09

Jul-09Oct-09

Jan-10Apr-10

Jul-10Oct-10

Jan-11Apr-11

Jul-11Oct-11

Jan-12Apr-12

Jul-12Oct-12

Annual Change 8.7% 7.2% 9.3% 10.0% 12.9% 22.6% 22.5% 30.9% 39.3% 33.2% 40.1% 30.1% 16.4% 15.3% 7.7% 8.5% 5.6%

Comp Premium 437.09 447.88 451.31 471.04 493.69 549.28 552.67 616.36 687.47 731.65 774.52 802.15 799.96 843.39 834.25 870.16 844.66

AA BIPI Motor Comprehensive shoparound premium trends

-2%

8%

18%

28%

38%

48%

58%

68%

78%

88%

400450500550600650700750800850900950

1,0001,0501,1001,1501,2001,2501,3001,3501,4001,4501,5001,5501,6001,6501,7001,7501,800

Oct

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Jun

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An

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Oct-08

Jan-09Apr-09

Jul-09Oct-09

Jan-10Apr-10

Jul-10Oct-10

Jan-11Apr-11

Jul-11Oct-11

Jan-12Apr-12

Jul-12Oct-12

Annual Change 11.6% 12.6% 13.9% 12.8% 20.7% 33.4% 35.6% 49.4% 54.6% 71.9% 82.1% 49.6% 33.1% 7.6% -2.0% 5.5% 3.9%

3rd Party Prem 450.13 463.85 476.70 501.89 543.45 618.86 646.60 749.60 839.94 1,063. 1,177. 1,121. 1,117. 1,144. 1,153. 1,182. 1,161.

AA BIPI Motor Third Party shoparound premium trends

Motor price comparison market summaries


Market Summary


ChangeOct-11

Percentage

Change

Comprehensive £1,128.81 £1,140.95 - 1.1% £1,103.77 + 2.3%

Third Party Fire & Theft £1,448.15 £1,459.65 - 0.8% £1,479.78 - 2.1%

Shoparound Summary


ChangeOct-11

Percentage

Change

Comprehensive £612.79 £618.91 - 1.0% £627.15 - 2.3%

Third Party Fire & Theft £830.37 £843.68 - 1.6% £803.39 + 3.4%

Number of Insurers Used 114

Motor Aggregator Average PremiumsOctober 2012

Motor Regional Summary - price comparison


ChangeOct-12 Jul-12

Percentage

Change

Anglia 221 £970.44 £986.69 -1.6% £575.43 £567.42 1.4%

Border & TyneTees 131 £1,117.36 £1,122.54 -0.5% £615.44 £622.68 -1.2%

Central 331 £1,107.59 £1,112.34 -0.4% £599.20 £601.92 -0.5%

Granada 265 £2,029.34 £2,057.52 -1.4% £1,059.49 £1,062.96 -0.3%

London 445 £1,333.45 £1,340.65 -0.5% £707.78 £717.66 -1.4%

Scotland 165 £740.76 £740.21 0.1% £437.83 £438.46 -0.1%

South 333 £905.89 £924.20 -2.0% £508.22 £518.35 -2.0%

Wales 170 £952.20 £971.51 -2.0% £529.84 £560.06 -5.4%

West & West Country 188 £818.06 £831.27 -1.6% £461.12 £467.98 -1.5%

Yorkshire 227 £1,267.09 £1,273.52 -0.5% £698.96 £705.28 -0.9%

UTV 14 £1,195.63 £1,209.31 -1.1% £641.47 £687.51 -6.7%

Motor Gender and Age Summary - price comparison

Male


ChangeOct-12 Jul-12

Percentage

Change

17-22 219 £3,297.08 £3,366.26 -2.1% £1,603.49 £1,615.40 -0.7%

23-29 264 £1,699.07 £1,717.69 -1.1% £840.70 £831.76 1.1%

30-39 197 £863.62 £883.20 -2.2% £480.14 £486.72 -1.4%

40-49 235 £835.28 £836.97 -0.2% £512.02 £511.06 0.2%

50-59 160 £694.50 £691.63 0.4% £402.76 £405.29 -0.6%

60-69 184 £533.23 £542.80 -1.8% £315.13 £323.41 -2.6%

70+ 66 £692.22 £696.83 -0.7% £406.73 £426.81 -4.7%

Subtotal 1,325

Female


ChangeOct-12 Jul-12

Percentage

Change

17-22 217 £2,081.89 £2,079.03 0.1% £1,126.56 £1,151.98 -2.2%

23-29 267 £1,112.64 £1,117.59 -0.4% £639.39 £652.47 -2.0%

30-39 196 £731.02 £742.26 -1.5% £429.08 £446.49 -3.9%

40-49 239 £749.75 £751.60 -0.2% £471.85 £462.47 2.0%

50-59 192 £602.44 £609.40 -1.1% £387.75 £395.50 -2.0%

60-69 154 £502.78 £507.91 -1.0% £308.71 £317.88 -2.9%

70+ 59 £492.11 £501.57 -1.9% £314.33 £325.93 -3.6%

Subtotal 1,324

All


ChangeOct-12 Jul-12

Percentage

Change

17-22 436 £2,692.27 £2,725.60 -1.2% £1,365.02 £1,383.69 -1.3%

23-29 531 £1,404.20 £1,415.95 -0.8% £739.48 £741.61 -0.3%

30-39 393 £797.49 £812.91 -1.9% £454.67 £466.66 -2.6%

40-49 474 £792.06 £793.83 -0.2% £491.72 £486.51 1.1%

50-59 352 £644.28 £646.78 -0.4% £394.59 £399.96 -1.3%

60-69 338 £519.36 £526.90 -1.4% £312.20 £320.89 -2.7%

70+ 125 £597.77 £604.66 -1.1% £363.51 £379.62 -4.2%

Total 2,649

Number of

Risks

Market Shoparound

Number of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound

Number of

Risks

Market Shoparound

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

3%1

7-2

2

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

Male Female All

AA BIPI quarterly average premium movement by Age and Gender - Aggregator October 2012

Market

Shoparound

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

1%

2%A

ngl

ia

Bo

rde

r &

Tyn

eTe

es

Ce

ntr

al

Gra

nad

a

Lon

do

n

Sco

tla

nd

Sou

th

Wal

es

We

st &

We

st C

ou

ntr

y

Yo

rksh

ire

UT

V

AA BIPI quarterly average premium movement by ITV Super Regions - Aggregator October 2012

Market

Shoparound

Home direct market summaries


Buildings Contents Combined

July 1994 market average premium £167.70 £108.66

July 2012 market average premium £226.87 £118.14 £309.22

October 2012 market average premium £231.52 £119.35 £311.39

July 2012 shoparound average premium £177.27 £92.14 £239.91

October 2012 shoparound average premium £181.48 £92.84 £242.42


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.








Buildings Contents Combined

£1

67

.70

£1

08

.66

£2

26

.87

£1

18

.14

£3

09

.22

£2

31

.52

£1

19

.35

£3

11

.39

£1

77

.27

£9

2.1

4

£2

39

.91

£1

81

.48

£9

2.8

4

£2

42

.42


July 1994 market average premium July 2012 market average premium October 2012 market average premium July 2012 shoparound average premium October 2012 shoparound average premium

Market Summary


ChangeOct-11

Percentage

Change

Buildings £231.52 £226.87 2.0% £228.43 1.4%

Contents £119.35 £118.14 1.0% £118.10 1.1%

Combined £311.39 £309.22 0.7% £307.00 1.4%

Shoparound Summary


ChangeOct-11

Percentage

Change

Buildings £181.48 £177.27 2.4% £172.51 5.2%

Contents £92.84 £92.14 0.8% £89.86 3.3%

Combined £242.42 £239.91 1.0% £226.20 7.2%

Home Average Premiums

October 2012

Regional Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 52 £223.63 £221.74 0.9% £166.68 £164.55 1.3%

Central & Granada 170 £224.05 £219.82 1.9% £179.89 £176.45 1.9%

London & South 215 £252.93 £246.07 2.8% £200.40 £194.74 2.9%

Scotland 65 £211.05 £207.23 1.8% £169.76 £166.27 2.1%

Wales 39 £240.68 £235.91 2.0% £169.80 £167.98 1.1%

West & West Country 55 £212.52 £211.89 0.3% £157.29 £155.51 1.1%

Yorkshire & Anglia 146 £225.45 £220.76 2.1% £176.72 £170.76 3.5%

Age Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

17-22 15 £244.07 £247.42 -1.4% £167.30 £163.21 2.5%

23-29 43 £256.12 £251.40 1.9% £197.88 £191.29 3.4%

30-39 206 £243.81 £237.91 2.5% £186.71 £180.63 3.4%

40-49 242 £237.87 £233.07 2.1% £178.17 £174.53 2.1%

50-59 119 £228.62 £221.65 3.1% £172.06 £169.68 1.4%

60-69 47 £195.94 £191.15 2.5% £180.87 £180.69 0.1%

70+ 70 £183.75 £185.53 -1.0% £183.84 £177.97 3.3%

Property Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

Detached House 216 £274.56 £269.61 1.8% £175.58 £171.39 2.4%

Mid Terrace House 159 £227.96 £221.19 3.1% £190.21 £182.75 4.1%

Semi Detached House 239 £204.20 £200.35 1.9% £180.02 £177.30 1.5%

End Terrace House 19 £228.02 £220.07 3.6% £211.57 £204.98 3.2%

Semi Detached Bungalow 6 £190.75 £187.23 1.9% £151.89 £152.10 -0.1%

Detached Bungalow 77 £216.17 £213.12 1.4% £169.43 £167.07 1.4%

Flat 34 £210.63 £210.21 0.2% £197.45 £192.58 2.5%

Year Built Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

<1920 194 £301.27 £294.95 2.1% £190.33 £184.27 3.3%

1920-1945 150 £238.98 £233.45 2.4% £177.93 £174.82 1.8%

1946-1979 301 £202.45 £198.91 1.8% £178.73 £174.57 2.4%

1980-1999 100 £176.48 £173.06 2.0% £173.09 £169.94 1.9%

2000+ 5 £151.11 £147.49 2.5% £247.41 £247.12 0.1%

Year Built Number of

Risks

Market Shoparound

Property TypeNumber of

Risks

Market Shoparound

AgeNumber of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound

Regional Summary

Contents


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 52 £111.35 £112.90 -1.4% £99.52 £98.91 0.6%

Central & Granada 170 £128.34 £126.74 1.3% £100.97 £100.26 0.7%

London & South 216 £122.38 £119.27 2.6% £93.31 £92.43 1.0%

Scotland 65 £103.66 £103.67 0.0% £79.41 £78.50 1.2%

Wales 39 £109.26 £109.23 0.0% £84.24 £84.73 -0.6%

West & West Country 55 £107.57 £106.83 0.7% £79.66 £79.34 0.4%


Age Summary

Contents


ChangeOct-12 Jul-12

Percentage

Change

17-22 17 £155.34 £155.64 -0.2% £98.56 £97.37 1.2%

23-29 44 £156.75 £151.42 3.5% £101.71 £100.61 1.1%

30-39 208 £133.74 £132.41 1.0% £98.39 £96.91 1.5%

40-49 243 £117.61 £117.14 0.4% £91.22 £91.29 -0.1%

50-59 120 £109.30 £108.00 1.2% £91.98 £91.22 0.8%

60-69 48 £94.24 £92.78 1.6% £93.95 £93.11 0.9%

70+ 70 £84.82 £83.99 1.0% £90.09 £89.46 0.7%

Property Summary

Contents


ChangeOct-12 Jul-12

Percentage

Change

Detached House 216 £119.79 £118.58 1.0% £90.32 £89.85 0.5%




Semi Detached Bungalow 6 £97.46 £97.44 0.0% £105.63 £102.08 3.5%


Flat 34 £129.63 £126.14 2.8% £103.23 £100.21 3.0%

Year Built Summary

Contents


ChangeOct-12 Jul-12

Percentage

Change

<1920 194 £135.73 £135.74 0.0% £99.07 £98.12 1.0%

1920-1945 150 £127.12 £124.12 2.4% £92.98 £92.35 0.7%

1946-1979 301 £110.33 £109.06 1.2% £91.62 £91.31 0.3%

1980-1999 100 £104.06 £103.35 0.7% £91.71 £90.20 1.7%

2000+ 5 £98.92 £98.70 0.2% £144.31 £141.41 2.0%


Risks

Market Shoparound


Risks

Market Shoparound

AgeNumber of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound

Regional Summary

Combined


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 52 £298.21 £301.11 -1.0% £237.63 £237.71 0.0%

Central & Granada 170 £312.44 £311.29 0.4% £247.84 £247.57 0.1%

London & South 216 £325.59 £320.68 1.5% £253.72 £249.94 1.5%

Scotland 65 £279.08 £276.83 0.8% £220.41 £215.79 2.1%

Wales 39 £314.90 £311.50 1.1% £231.83 £228.83 1.3%

West & West Country 55 £290.51 £291.33 -0.3% £215.56 £213.80 0.8%


Age Summary

Combined


ChangeOct-12 Jul-12

Percentage

Change

17-22 17 £352.63 £362.27 -2.7% £229.81 £229.41 0.2%

23-29 44 £362.76 £357.47 1.5% £262.57 £258.46 1.6%

30-39 208 £336.66 £332.54 1.2% £250.41 £245.55 2.0%

40-49 243 £312.92 £311.82 0.4% £240.76 £239.05 0.7%

50-59 120 £303.93 £298.36 1.9% £233.61 £232.96 0.3%

60-69 48 £265.91 £261.65 1.6% £241.00 £241.09 0.0%

70+ 70 £232.70 £238.94 -2.6% £230.43 £228.32 0.9%

Property Summary

Combined


ChangeOct-12 Jul-12

Percentage

Change

Detached House 216 £354.16 £350.04 1.2% £229.70 £227.80 0.8%




Semi Detached Bungalow 6 £258.49 £259.42 -0.4% £233.60 £234.17 -0.2%


Flat 34 £216.85 £234.20 -7.4% £260.13 £252.16 3.2%

Year Built Summary

Combined


ChangeOct-12 Jul-12

Percentage

Change

<1920 194 £376.64 £374.69 0.5% £252.57 £248.62 1.6%

1920-1945 150 £329.76 £324.22 1.7% £235.14 £234.05 0.5%

1946-1979 301 £280.38 £279.18 0.4% £241.30 £239.12 0.9%

1980-1999 100 £254.49 £253.97 0.2% £236.95 £234.79 0.9%

2000+ 5 £233.63 £232.76 0.4% £236.77 £230.32 2.8%

ShoparoundYear Built

Number of

Risks

Market

ShoparoundProperty Type

Number of

Risks

Market

ShoparoundAge

Number of

Risks

Market

Shoparound

RegionNumber of

Risks

Market

0%

1%

1%

2%

2%

3%

3%

4%

Bo

rde

r &

Tyn

eT

ee

s

Ce

ntr

al &

Gra

nad

a

Lon

do

n &

Sou

th

Sco

tla

nd

Wal

es

We

st &

We

stC

ou

ntr

y

Yo

rksh

ire

&A

ngl

ia

AA BIPI home quarterly average Buildings premium movements by Super Regions - October 2012

Market

Shoparound

-2%

-1%

-1%

0%

1%

1%

2%

2%

3%

3%

Bo

rde

r &

Tyn

eTe

es

Ce

ntr

al &

Gra

nad

a

Lon

do

n &

So

uth

Sco

tla

nd

Wal

es

We

st &

We

st C

ou

ntr

y

Yo

rksh

ire

& A

ngl

ia

AA BIPI home quarterly average Contents premium movements by Super Regions - October 2012

Market

Shoparound

-1%

-1%

0%

1%

1%

2%

2%

3%

Bo

rde

r &

Tyn

eT

ee

s

Ce

ntr

al &

Gra

nad

a

Lon

do

n &

So

uth

Sco

tla

nd

Wal

es

We

st &

We

stC

ou

ntr

y

Yo

rksh

ire

&A

ngl

ia

AA BIPI home quarterly average Combined premium movements by Super Regions - October 2012

Market

Shoparound

-2%

-1%

-1%

0%

1%

1%

2%

2%

3%

3%

4%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Buildings premium movements by Age - October 2012

Market

Shoparound

-1%

0%

1%

1%

2%

2%

3%

3%

4%

4%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Contents premium movements by Age - October 2012

Market

Shoparound

-3%

-3%

-2%

-2%

-1%

-1%

0%

1%

1%

2%

2%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Combined premium movements by Age - October 2012

Market

Shoparound

-1%

0%

1%

1%

2%

2%

3%

3%

4%

4%

5%

De

tach

ed

Ho

use

Mid

Te

rrac

e H

ou

se

Sem

i De

tach

ed H

ou

se

End

Te

rra

ce H

ou

se

Sem

i De

tach

ed B

un

galo

w

De

tach

ed

Bu

nga

low

Flat

AA BIPI home quarterly average Buildings premium movements by Property Type - October 2012

Market

Shoparound

0%

1%

2%

3%

4%

5%

6%

7%

De

tach

ed

Ho

use

Mid

Terr

ace

Ho

use

Sem

iD

eta

che

dH

ou

se

End

Terr

ace

Ho

use

Sem

iD

eta

che

dB

un

galo

w

De

tach

ed

Bu

nga

low

Flat

AA BIPI home quarterly average Contents premium movements by Property Type - October 2012

Market

Shoparound

-8%

-6%

-4%

-2%

0%

2%

4%

De

tach

ed

Ho

use

Mid

Te

rrac

e H

ou

se

Sem

i De

tach

ed H

ou

se

End

Te

rra

ce H

ou

se

Sem

i De

tach

ed B

un

galo

w

De

tach

ed

Bu

nga

low

Flat

AA BIPI home quarterly average Combined premium movements by Property Type - October 2012

Market

Shoparound

0%

1%

1%

2%

2%

3%

3%

4%

<1

92

0

19

20

-1

94

5

19

46

-1

97

9

19

80

-1

99

9

20

00

+

AA BIPI home quarterly average Buildings premium movements by Year Built - October 2012

Market

Shoparound

-1%

0%

1%

1%

2%

2%

3%

<1

92

0

19

20

-19

45

19

46

-19

79

19

80

-19

99

20

00

+

AA BIPI home quarterly average Contents premium movements by Year Built - October 2012

Market

Shoparound

0%

1%

1%

2%

2%

3%

3%

<1

92

0

19

20

-1

94

5

19

46

-1

97

9

19

80

-1

99

9

20

00

+

AA BIPI home quarterly average Combined premium movements by Year Built - October 2012

Market

Shoparound

-5%

0%

5%

10%

15%

20%

80

100

120

140

160

180

200

Oct

-08

Feb

-09

Jun

-09

Oct

-09

Feb

-10

Jun

-10

Oct

-10

Feb

-11

Jun

-11

Oct

-11

Feb

-12

Jun

-12

Oct

-12

An

nu

al Ch

ange

Pre

miu

m £

Oct-08

Jan-09

Apr-09

Jul-09Oct-09

Jan-10

Apr-10

Jul-10Oct-10

Jan-11

Apr-11

Jul-11Oct-11

Jan-12

Apr-12

Jul-12Oct-12

Annual Change 12.7% 1.3% 5.8% 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%

Buildings Premium 133.17 132.27 137.71 143.43 140.41 147.49 146.95 148.42 150.95 162.51 166.97 165.90 172.51 177.91 178.76 177.27 181.48

AA BIPI Home Buildings shoparound premium trends

-10%

-5%

0%

5%

10%

15%

62

67

72

77

82

87

92

97

102

107

112

Oct

-08

Feb

-09

Jun

-09

Oct

-09

Feb

-10

Jun

-10

Oct

-10

Feb

-11

Jun

-11

Oct

-11

Feb

-12

Jun

-12

Oct

-12

An

nu

al Ch

ange

Pre

miu

m £

Oct-08

Jan-09

Apr-09

Jul-09Oct-09

Jan-10

Apr-10

Jul-10Oct-10

Jan-11

Apr-11

Jul-11Oct-11

Jan-12

Apr-12

Jul-12Oct-12

Annual Change -3.4% -4.5% -0.1% -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%

Contents Premium 77.56 74.54 78.16 74.24 73.95 77.81 79.42 81.26 84.94 84.30 88.91 87.91 89.86 93.78 92.21 92.14 92.84

AA BIPI Home Contents shoparound premium trends

Home price comparison market summaries


Market Summary


ChangeOct-11

Percentage

Change

Buildings £184.72 £186.83 - 1.1% £186 - 0.5%

Contents £116.25 £113.85 + 2.1% £114 + 1.6%

Combined £248.53 £247.79 + 0.3% £254 - 2.2%

Shoparound Summary


ChangeOct-11

Percentage

Change

Buildings £115.76 £118.46 - 2.3% £119 - 2.5%

Contents £60.28 £62.87 - 4.1% £64 - 6.5%

Combined £158.95 £163.09 - 2.5% £173 - 8.2%

Number of Buildings insurers used 74

Number of Contents insurers used 61

Number of Combined insurers used 70

Home Aggregator Average PremiumsOctober 2012

Aggregator Regional Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 52 £176.54 £181.88 -2.9% £112.22 £115.46 -2.8%

Central & Granada 165 £176.58 £179.79 -1.8% £112.40 £115.01 -2.3%

London & South 206 £206.13 £206.94 -0.4% £126.33 £129.29 -2.3%

Scotland 64 £168.92 £171.51 -1.5% £103.33 £105.68 -2.2%

Wales 39 £192.67 £193.34 -0.3% £120.54 £122.21 -1.4%

West & West Country 55 £172.24 £173.26 -0.6% £109.49 £112.59 -2.8%

Yorkshire & Anglia 145 £176.04 £178.06 -1.1% £112.46 £114.98 -2.2%

Aggregator Age Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

17-22 17 £214.15 £214.25 0.0% £120.93 £121.59 -0.5%

23-29 44 £208.03 £209.42 -0.7% £130.38 £133.89 -2.6%

30-39 202 £190.57 £193.26 -1.4% £121.97 £124.68 -2.2%

40-49 234 £188.55 £192.38 -2.0% £118.16 £121.18 -2.5%

50-59 114 £177.92 £177.91 0.0% £112.37 £114.88 -2.2%

60-69 47 £160.57 £161.64 -0.7% £97.82 £99.52 -1.7%

70+ 68 £159.79 £159.22 0.4% £96.41 £99.00 -2.6%

Aggregator Property Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

Detached House 207 £210.84 £211.51 -0.3% £128.10 £130.92 -2.2%

Mid Terrace House 152 £183.17 £186.50 -1.8% £114.33 £117.04 -2.3%

Semi Detached House 233 £167.47 £168.54 -0.6% £109.36 £111.93 -2.3%

End Terrace House 19 £190.05 £192.27 -1.2% £118.45 £122.54 -3.3%


Detached Bungalow 75 £166.07 £169.49 -2.0% £105.75 £108.70 -2.7%

Flat 34 £193.66 £203.17 -4.7% £114.67 £115.98 -1.1%

Aggregator Year Built Summary

Buildings


ChangeOct-12 Jul-12

Percentage

Change

<1920 187 £228.50 £234.13 -2.4% £222.33 £223.14 -0.4%

1920-1945 147 £189.34 £190.24 -0.5% £187.60 £187.09 0.3%

1946-1979 293 £166.69 £167.76 -0.6% £165.51 £164.83 0.4%

1980-1999 94 £149.75 £149.95 -0.1% £153.66 £152.15 1.0%

2000+ 5 £125.45 £124.27 1.0% £129.18 £128.31 0.7%


Risks

Market Shoparound


Risks

Market Shoparound

AgeNumber of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound


Contents


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 52 £110.33 £107.38 2.7% £56.76 £59.74 -5.0%

Central & Granada 169 £123.59 £121.01 2.1% £64.74 £67.65 -4.3%

London & South 214 £117.81 £115.91 1.6% £59.58 £62.62 -4.9%

Scotland 65 £103.09 £101.11 2.0% £54.40 £56.22 -3.2%

Wales 39 £109.50 £107.26 2.1% £59.25 £61.73 -4.0%

West & West Country 55 £106.12 £104.98 1.1% £56.79 £59.31 -4.2%

Yorkshire & Anglia 152 £118.94 £115.54 2.9% £61.49 £63.37 -3.0%


Contents


ChangeOct-12 Jul-12

Percentage

Change

17-22 15 £157.80 £149.66 5.4% £75.63 £77.72 -2.7%

23-29 44 £141.02 £137.21 2.8% £71.61 £73.57 -2.7%

30-39 207 £126.90 £122.77 3.4% £66.13 £68.52 -3.5%

40-49 243 £116.53 £113.93 2.3% £62.54 £65.06 -3.9%

50-59 120 £106.76 £106.48 0.3% £56.28 £59.49 -5.4%

60-69 48 £94.10 £93.91 0.2% £44.97 £47.86 -6.0%

70+ 69 £90.37 £90.80 -0.5% £41.89 £44.62 -6.1%


Contents


ChangeOct-12 Jul-12

Percentage

Change

Detached House 216 £116.70 £115.28 1.2% £62.44 £65.28 -4.4%

Mid Terrace House 159 £127.25 £123.00 3.5% £63.63 £66.15 -3.8%

Semi Detached House 237 £112.34 £109.80 2.3% £58.45 £60.95 -4.1%

End Terrace House 18 £130.36 £128.19 1.7% £62.53 £65.60 -4.7%


Detached Bungalow 77 £101.50 £100.08 1.4% £53.73 £56.44 -4.8%

Flat 33 £118.94 £117.73 1.0% £58.96 £60.84 -3.1%


Contents


ChangeOct-12 Jul-12

Percentage

Change

<1920 193 £133.57 £129.91 2.8% £133.57 £129.91 2.8%

1920-1945 149 £120.16 £117.53 2.2% £120.16 £117.53 2.2%

1946-1979 299 £107.29 £105.39 1.8% £107.29 £105.39 1.8%

1980-1999 100 £104.92 £103.66 1.2% £104.92 £103.66 1.2%

2000+ 5 £93.26 £93.53 -0.3% £93.26 £93.53 -0.3%


Risks

Market Shoparound


Risks

Market Shoparound

AgeNumber of

Risks

Market Shoparound

RegionNumber of

Risks

Market Shoparound


Combined


ChangeOct-12 Jul-12

Percentage

Change

Border & TyneTees 51 £237.24 £237.41 -0.1% £154.11 £157.58 -2.2%

Central & Granada 164 £246.27 £246.51 -0.1% £159.15 £163.44 -2.6%

London & South 213 £268.58 £268.52 0.0% £168.78 £174.13 -3.1%

Scotland 64 £221.46 £221.00 0.2% £143.21 £145.92 -1.9%

Wales 38 £249.63 £246.58 1.2% £159.76 £163.02 -2.0%

West & West Country 55 £226.59 £224.98 0.7% £147.58 £151.74 -2.7%

Yorkshire & Anglia 150 £245.70 £243.36 1.0% £157.24 £160.57 -2.1%


Combined


ChangeOct-12 Jul-12

Percentage

Change

17-22 15 £300.98 £295.28 1.9% £172.07 £183.20 -6.1%

23-29 43 £293.84 £290.92 1.0% £186.46 £191.68 -2.7%

30-39 204 £265.33 £263.91 0.5% £167.22 £172.59 -3.1%

40-49 239 £251.59 £252.34 -0.3% £163.12 £166.82 -2.2%

50-59 119 £234.07 £233.68 0.2% £151.54 £154.72 -2.1%

60-69 47 £202.29 £202.87 -0.3% £131.61 £134.64 -2.2%

70+ 68 £204.45 £201.38 1.5% £131.40 £133.59 -1.6%


Combined


ChangeOct-12 Jul-12

Percentage

Change

Detached House 212 £270.51 £268.80 0.6% £170.70 £174.79 -2.3%

Mid Terrace House 155 £259.41 £258.00 0.5% £161.78 £165.82 -2.4%

Semi Detached House 233 £228.04 £229.15 -0.5% £150.18 £154.91 -3.0%

End Terrace House 19 £264.44 £263.36 0.4% £165.49 £172.78 -4.2%


Detached Bungalow 77 £216.64 £215.12 0.7% £141.81 £146.14 -3.0%

Flat 33 £274.52 £271.91 1.0% £172.64 £171.62 0.6%


Combined


ChangeOct-12 Jul-12

Percentage

Change

<1920 191 £305.99 £306.59 -0.2% £219.33 £217.79 0.7%

1920-1945 146 £254.66 £254.90 -0.1% £186.73 £185.52 0.7%

1946-1979 294 £223.56 £222.35 0.5% £164.93 £163.38 1.0%

1980-1999 100 £206.08 £202.71 1.7% £155.50 £153.18 1.5%

2000+ 4 £178.73 £176.84 1.1% £131.25 £130.56 0.5%

ShoparoundYear Built

Number of

Risks

Market

ShoparoundProperty Type

Number of

Risks

Market

ShoparoundAge

Number of

Risks

Market

Shoparound

RegionNumber of

Risks

Market

-3%

-3%

-2%

-2%

-1%

-1%

0%

Bo

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Tyn

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& A

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AA BIPI home quarterly average Buildings premium movements by Super Regions - Aggregator October 2012

Market

Shoparound

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

3%

Bo

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Tyn

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& A

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AA BIPI home quarterly average Contents premium movements by Super Regions - Aggregator October 2012

Market

Shoparound

-4%

-3%

-3%

-2%

-2%

-1%

-1%

0%

1%

1%

2%

Bo

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Tyn

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Yo

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& A

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AA BIPI home quarterly average Combined premium movements by Super Regions - Aggregator October 2012

Market

Shoparound

-3%

-3%

-2%

-2%

-1%

-1%

0%

1%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Buildings premium movements by Age - Aggregator October 2012

Market

Shoparound

-8%

-6%

-4%

-2%

0%

2%

4%

6%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Contents premium movements by Age - Aggregator October 2012

Market

Shoparound

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

17

-22

23

-29

30

-39

40

-49

50

-59

60

-69

70

+

AA BIPI home quarterly average Combined premium movements by Age - Aggregator October 2012

Market

Shoparound

-5%

-5%

-4%

-4%

-3%

-3%

-2%

-2%

-1%

-1%

0%

1%

De

tach

ed

Ho

use

Mid

Te

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se

Sem

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se

End

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ou

se

Sem

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De

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Bu

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low

Flat

AA BIPI home quarterly average Buildings premium movements by Property Type - Aggregator October 2012

Market

Shoparound

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

3%

4%

De

tach

ed

Ho

use

Mid

Te

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ou

se

Sem

i De

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ou

se

End

Te

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ou

se

Sem

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un

galo

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De

tach

ed

Bu

nga

low

Flat

AA BIPI home quarterly average Contents premium movements by Property Type - Aggregator October 2012

Market

Shoparound

-5%

-4%

-3%

-2%

-1%

0%

1%

De

tach

ed

Ho

use

Mid

Te

rrac

e H

ou

se

Sem

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End

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De

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Bu

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low

Flat

AA BIPI home quarterly average Combined premium movements by Property Type - Aggregator October 2012

Market

Shoparound

-3%

-2%

-2%

-1%

-1%

0%

1%

1%

<1

92

0

19

20

-19

45

19

46

-19

79

19

80

-19

99

20

00

+

AA BIPI home quarterly average Buildings premium movements by Year Built - Aggregator October 2012

Market

Shoparound

-1%

0%

1%

1%

2%

2%

3%

3%

<1

92

0

19

20

-1

94

5

19

46

-1

97

9

19

80

-1

99

9

20

00

+

AA BIPI home quarterly average Contents premium movements by Year Built - Aggregator October 2012

Market

Shoparound

0%

0%

0%

0%

1%

1%

1%

1%

1%

2%

2%

<1

92

0

19

20

-1

94

5

19

46

-1

97

9

19

80

-1

99

9

20

00

+AA BIPI home quarterly average Combined premium movements by Year

Built - Aggregator October 2012

Market

Shoparound

THE AA'S BRITISH INSURANCE PREMIUM INDEX - October 2012

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 NoteThe information contained in the British Insurance Premium Index (“Index”) is the AA copyright:

© Automobile Association Insurance Services Limited 2007. 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 01256 492 844 or email [email protected].

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