Steve Sanders - Finance Director at Confused.com - gives his opinion
These latest price increases, for the second successive quarter, are likely to fuel speculation that the motor insurance market has turned and price rises will become a regular occurrence.
Our latest figures show that car insurance prices have risen in consecutive quarters, with premiums rising by 2% in Q3 2014 to stand at £594. This is an increase of £12 compared to the last quarter and the first time prices have risen in consecutive quarters since June 2011.
It's interesting to note that out of the 121 Postal Towns in the UK, 96 of these experienced some sort of price increase, with motorists in London City seeing a price rise of £81. Indeed, the £12 price increase to an average quoted premium is the largest since Q2 2011.
While some consumers may still be experiencing year-on-year savings on their car insurance policies, they should prepare themselves for further price increases over the coming months. Any savings they do see compared to last year will be eroded by further price increases. With that in mind, we would urge consumers to visit Confused.com to shop around and compare prices to ensure they get the best deal possible.