Car insurance prices on the up again!
The latest Confused.com car insurance price index, in association with Willis Towers Watson, shows that car insurance prices have remained static in the first quarter of 2016.
The average comprehensive car insurance price for Q1 2016 now stands at £671, a 14% increase on last year (Q1 2015 = £591). The last year or so has seen a steady increase in prices, after three years of continually falling premiums previously.
Who's paying the most?
The most expensive comprehensive car insurance premiums are being paid by young males (aged 17-20) in the Inner London area. Their premiums come to £2970 on average.
Who's paying less?
Prices are up almost everywhere, but the youngest drivers – 17-year-olds – actually saw their prices come down by 4.4% compared to last year. Their premiums stand at an average of £1,895.
How have different age groups been affected?
This chart is a league table of the biggest car insurance price increases by age. As you can see, drivers aged 60 saw the greatest comparative price rise this quarter at 19% (£67). The largest monetary increase was for 32-year-olds, who saw their premiums increase by £88.