Insurance premiums `will continue to rise`

Experts have highlighted the importance of shopping around for insurance, warning that insurance premiums are rising and will continue to do so in the future.

Lovemoney.com said that due to increasing risks in various areas, for example floods and storms, insurance providers are raising their prices.

It cited recent statistics from the AA which suggested that comprehensive car insurance prices had risen by an average of 11% over the past year.

An insurance expert for Think Money commented: "Research appears to suggest that average insurance costs have risen over the past year, but people could still save money by shopping around for the best deal.

"Of course, searching around can be time-consuming - so people may benefit from speaking with a professional insurance adviser, who could take the effort out of finding the best insurance deal."