Car insurance falls for the 1st time in more than 2 years
The price of car insurance has fallen by £54 (-5%) in the past 3 months, meaning the average price is now £941. But although the drop in prices might signify the start of a stabilising market, prices are still higher than this time last year. That’s as prices have increased by £284 (43%), on average, in just 12 months. That’s according to the latest Confused.com car insurance price index, powered by WTW.
Drivers in Central Scotland see the biggest year-on-year increases
Prices are varying across the UK. But in the past 12 months, the cost of car insurance in Central Scotland has increased by £298 (52%) - the highest increase of any UK region. This means the cost of car insurance is now £871, on average.
Inner London saw prices increase by £434 (41%), meaning average prices are now £1,501. In South Wales, prices are now £734, following a £206 (39%) annual increase. And in Northern Ireland, prices dropped the most over the past 3 months. But prices are still £264 (38%) higher than 12 months ago, with the average now £968.
| Region | Average premium | Annual change (£) | Annual change (%) | Quaterly change (£) | Quarterly change (%) |
|---|---|---|---|---|---|
|
London - Inner
|
£1,501
|
£434
|
41%
|
-£106
|
-7%
|
|
Manchester / Merseyside
|
£1,151
|
£337
|
42%
|
-£82
|
-7%
|
|
London - Outer
|
£1,220
|
£375
|
44%
|
-£71
|
-5%
|
|
Midlands - West
|
£1,157
|
£370
|
47%
|
-£67
|
-6%
|
|
Leeds / Sheffield
|
£1,074
|
£329
|
44%
|
-£53
|
-5%
|
|
Northern Ireland
|
£968
|
£264
|
38%
|
-£83
|
-8%
|
|
Midlands - East
|
£929
|
£289
|
45%
|
-£53
|
-5%
|
|
North West
|
£893
|
£269
|
43%
|
-£47
|
-5%
|
|
South Central
|
£899
|
£272
|
43%
|
-£53
|
-6%
|
|
Midlands - North
|
£859
|
£252
|
42%
|
-£57
|
-6%
|
|
North East
|
£812
|
£233
|
40%
|
-£36
|
-4%
|
|
North
|
£798
|
£236
|
42%
|
-£46
|
-5%
|
|
Scotland - Central
|
£871
|
£298
|
52%
|
-£26
|
-3%
|
|
South East
|
£798
|
£246
|
45%
|
-£39
|
-5%
|
|
East
|
£796
|
£247
|
45%
|
-£33
|
-4%
|
|
Wales - South
|
£734
|
£206
|
39%
|
-£44
|
-6%
|
|
South
|
£730
|
£214
|
41%
|
-£44
|
-6%
|
|
West
|
£701
|
£205
|
41%
|
-£37
|
-5%
|
|
Scotland - East & NE
|
£701
|
£220
|
46%
|
-£34
|
-5%
|
|
Scotland - Highlands & Islands
|
£674
|
£201
|
43%
|
-£38
|
-5%
|
|
Wales - Central & North
|
£624
|
£169
|
37%
|
-£28
|
-4%
|
|
South West
|
£606
|
£172
|
40%
|
-£30
|
-5%
|
|
Scotland - Borders
|
£634
|
£206
|
48%
|
-£23
|
-3%
|
Drivers aged 17 are the only ones to see increases over the last 3 months
Young drivers continue to battle some of the highest prices for their car insurance. But while prices went down for most, those aged 17 saw average increases of £42 (+1%) in 3 months. That puts their average insurance price at £2,919, following annual increases of £1,307 (81%). Meanwhile, 18 year olds are paying the most overall, with average prices now £3,145. This follows a £1,300 (70%) annual increase. And drivers aged 28 are seeing increases of £403 (42%), putting average prices at £1,353.
How does my age change my insurance costs?
Find out how age and other factors can determine how much you pay for insurance.
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Men pay more than women for car insurance
The average costs of car insurance for men and women have both increased in the last 12 months. Prices have risen by £258 (44%) for women and by £299 (43%) for men. Male drivers now pay £1001, while female drivers pay £841, on average.
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