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Car insurance: could you be in for a nasty surprise?

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The ‘average’ premium now stands at £481, with the north-west the costliest region followed by Northern Ireland and London

When your car insurance renewal letter next lands on your doorstep, you could be in for a nasty shock.

Costs have risen to a new high, according to the Association of British Insurers (ABI), which says average premiums now stand at £481, up 9% on the previous year.

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