The overall picture
Car insurance prices reach their highest on record
The price of car insurance has now reached its highest on record, with drivers now paying £776 for their cover, on average. This means car insurance prices have increased by £222 (40%) in just 12 months and £119 (18%) in the last 3 months. That’s according to the latest Confused.com car insurance price index, powered by WTW.
Average prices by region
Drivers in London see the biggest year-on-year increases
In the past 12 months, the cost of car insurance in Inner London has increased by £375 (43%) - the highest increase of any UK region. This means the cost of car insurance in Inner London is now £1,257, on average. For drivers in Outer London, prices are £1,003, on average - an increase of £299 (42%) compared to this time last year. Outside of London, some of the highest prices were also seen in:
- Manchester and Merseyside, with average prices now at £965.
- The West Midlands, where prices are now £940, on average.
Complete regional insurance pricing data
Region | Average premium | Annual change (£) | Annual change (%) | Quaterly change (£) | Quarterly change (%) |
---|---|---|---|---|---|
London - Inner |
£ 1,257 |
£375 |
43% |
£190 |
18% |
Manchester / Merseyside |
£ 965 |
£264 |
38% |
£151 |
19% |
London - Outer |
£ 1,003 |
£299 |
42% |
£158 |
19% |
Midlands - West |
£ 940 |
£281 |
43% |
£153 |
19% |
Leeds / Sheffield |
£ 880 |
£241 |
38% |
£135 |
18% |
Northern Ireland |
£ 821 |
£227 |
38% |
£117 |
17% |
Midlands - East |
£ 760 |
£217 |
40% |
£120 |
19% |
North West |
£ 736 |
£202 |
38% |
£112 |
18% |
South Central |
£ 745 |
£219 |
42% |
£118 |
19% |
Midlands - North |
£ 708 |
£195 |
38% |
£101 |
17% |
North East |
£ 672 |
£182 |
37% |
£93 |
16% |
North |
£ 652 |
£177 |
37% |
£90 |
16% |
Scotland - Central |
£ 691 |
£214 |
45% |
£118 |
21% |
South East |
£ 650 |
£186 |
40% |
£98 |
18% |
East |
£ 650 |
£187 |
40% |
£101 |
18% |
Wales - South |
£ 613 |
£162 |
36% |
£85 |
16% |
South |
£ 605 |
£168 |
39% |
£89 |
17% |
West |
£ 581 |
£164 |
39% |
£85 |
17% |
Scotland - East & NE |
£ 570 |
£171 |
43% |
£89 |
18% |
Scotland - Highlands & Islands |
£ 560 |
£166 |
42% |
£87 |
18% |
Wales - Central & North |
£ 523 |
£137 |
35% |
£68 |
15% |
South West |
£ 509 |
£136 |
37% |
£75 |
17% |
Scotland - Borders |
£ 512 |
£146 |
40% |
£84 |
19% |
Average prices by age
Drivers under 20 paying more than £2,000 for their car insurance
Younger drivers are seeing significant increases to their car insurance prices, with 18- and 19-year-olds seeing some of the highest prices on record. That’s as prices have increased by £951 (65%) and £777 (59%), respectively, in the past 12 months. That makes the average prices £2,404 and £2,097, respectively. For 17-year-olds, the cost of car insurance is now £2,088, on average - an annual increase of £823 (65%). At the other end of the scale, drivers around retirement age are benefitting from the cheapest insurance costs. For 69-year-olds, the average price is £413. But that does follow a £101 (32%) annual increase.
How does my age change my insurance costs?
Find out how age and other factors can determine how much you pay for insurance.
Average prices by gender
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 £198 (40%) for women and by £236 (40%) for men. Male drivers now pay £827, while female drivers pay £690, on average.