According to a recent report, households’' annual energy, home and motor insurance costs have jumped by nearly &200 over the last year.

The combined cost of dual fuel energy, home insurance and car insurance bills came to &2,216 on average in 2016, around &196 more than in 2015, at just under &2,020

Motor insurance saw the highest price hike, with average premiums reaching &691 in 2016 compared to &595 in 2015 - a rise of &96. The rise can be attributed, in part, to the three hikes in insurance premium tax announced over the past two years.

Energy costs have jumped by just over &94, with the average annual bill now coming in at &1,383.

Home and contents insurance now stands at around &140, up by about &5 compared to 2015.

The huge rise in bills has undone what was an extremely positive year for consumers in 2015. Average household bills tumbled by &186 in 2015 compared to 2016 but have now risen back above their 2014 peak.

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