Gemma Stanbury, Head of Car Insurance at Confused.com gives her view:
"In the last three months we’ve seen a significant reduction in car insurance prices across the board, seeing premiums drop by an average of 13.9% year-on-year. It’s great news for most motorists as their average premium is now ￡191 cheaper than it was two years ago. “Falling car insurance premiums are welcome news for motorists who may well be feeling the pinch as a result of rising rates of inflation."
"We would recommend that motorists take advantage of these latest price drops, not just accept their renewal price. “However, this good news isn’t felt by all as the most recent results from the Confused.com Car Insurance Index reveal that women have experienced the greatest increases to their car insurance premiums. As a result, women aged 17-20 are now facing average prices of ￡1,862 for their car insurance. At the opposite end of the spectrum, their male counterparts are enjoying huge price decreases of 29.2% as the industry attempts to level out car insurance prices.”