Trade body will publish findings each quarter

The ABI is to launch its new quarterly motor premium tracker on 27 January.

The pricing index will monitor the average comprehensive private motor insurance premium and will be published by the ABI each quarter.

The trade body said the move had been prompted by the increased media, political and consumer interest in the cost of motor insurance.

Earlier this week at the launch of its 2014 Manifesto, Biba unveiled its new pricing index to track the cost of insurance premiums across nine classes of insurance.

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