Car insurance prices have seen a "sharp increase" in the second quarter of the year, while home insurance costs have also risen, says the AA. But it adds that prices are likely to continue rising this year.
The Government has made an estimated £38m from the 'double taxing' of cars following its radical move last year to scrap the paper tax disc, according to the AA.
If you're planning to hire a car either here in the UK or abroad you may need to show a code from 8 June, as the paper counterpart of photocard driving licences is being replaced with a new online system that day.
Drivers are paying about 10% less for their car insurance compared with a year ago, according to the AA. However, it warns they are likely to rise this year.
Car insurance prices may be rising, but the increasing use of pay-as-you-drive schemes – or telematics – is helping young motorists keep costs down, with premiums for this group falling by more than 21% in the last 12 months.
If you're planning on filling up your car with petrol, head to Tesco this afternoon or Asda, Morrisons or Sainsbury's from tomorrow as the supermarkets are cutting petrol prices by up to 2p/litre.
If you're planning on filling up your car at the supermarket today, hold off until New Year's Day if possible as they are cutting petrol prices by 2p/litre.
Motorists needing to renew an expiring driving photocard or applying for their first provisional licence should wait until tomorrow if possible as fees will drop then.
30 October 2014
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