Insurers cut back on cheap offers

By Stephen Womack18 October 2010 The days of cut-throat competition between insurers are over, as firms realise that making some profit is more important than winning new customers. Prices have risen sharply over the past 12 months for both home and motor insurance, according to the latest British Insurance Premium Index produced by AA Insurance. The biggest rises have been seen in what were previously the cheapest deals, the market prices paid by most cost-conscious customers. The typical price for car insurance - the average of the three cheapest quotes for each customer - jumped by a

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