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Car insurance price index

The most comprehensive analysis of car insurance pricing in the UK

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The overall picture

Car insurance prices highest on record

The price of car insurance remains its highest on record, with drivers now paying £995, on average, for their cover. This means car insurance prices have increased by £366 (58%) in just 12 months and £71 (8%) in the last 3 months. That’s according to the latest Confused.com car insurance price index, powered by WTW.

Car insurance price index 2023 graph

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 £599 (59%) - the highest increase of any UK region. This means the cost of car insurance in Inner London is now £1,607, on average. For drivers in Outer London, prices are £1,291, on average - an increase of £483 (60%) compared to this time last year.

Outside of London, Northern Ireland topped more than £1,000 for the first time. Average prices are now £1,051 following a £383 (57%) annual increase. And in Central Scotland, prices have doubled in just 2 years. Drivers can now expect to pay £897, on average.

Car insurance price index 2023 regional image

Complete regional insurance pricing data

Region Average premium Annual change (£) Annual change (%) Quaterly change (£) Quarterly change (%)
London - Inner
£1,607
£599
59%
£104
7%
Manchester / Merseyside
£1,233
£443
56%
£79
7%
London - Outer
£1,291
£483
60%
£104
9%
Midlands - West
£1,224
£469
62%
£85
8%
Leeds / Sheffield
£1,127
£412
58%
£74
7%
Northern Ireland
£1,051
£383
57%
£102
11%
Midlands - East
£982
£370
60%
£68
7%
North West
£940
£341
57%
£63
7%
South Central
£952
£354
59%
£64
7%
Midlands - North
£916
£338
59%
£72
9%
North East
£848
£302
55%
£50
6%
North
£844
£309
58%
£57
7%
Scotland - Central
£897
£350
64%
£77
9%
South East
£837
£304
57%
£61
8%
East
£829
£298
56%
£60
8%
Wales - South
£778
£268
53%
£48
7%
South
£774
£276
55%
£58
8%
West
£738
£263
55%
£51
7%
Scotland - East & NE
£735
£279
61%
£60
9%
Scotland - Highlands & Islands
£712
£264
59%
£58
9%
Wales - Central & North
£652
£220
51%
£39
6%
South West
£636
£219
53%
£39
7%
Scotland - Borders
£657
£239
57%
£55
9%

Average prices by age

Drivers aged between 17 and 20 see some of the biggest car insurance increases

Young drivers continue to battle some of the highest prices for their car insurance. Those aged between 17 and 20 are likely to have seen prices rise by more than £1,000 in just 12 months. For 17 year olds, this is a 98% (£1,423) annual increase. This brings the average price of a policy to £2,877. Meanwhile, a £1,447 (84%) increase in prices for 18-year-olds means these drivers are now paying more than £3,000 for the first time on record. The average premium for these drivers is now £3,162. But high prices continue to affect drivers of all ages. Those aged 43 and under can now expect to pay £1,000 or more, on average, for their car insurance.

How does my age change my insurance costs?

Find out how age and other factors can determine how much you pay for insurance.

Car insurance price index 2023 age image

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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 £327 (59%) for women and by £389 (58%) for men. Male drivers now pay £1061, while female drivers pay £884, on average.

Car insurance price index 2023 gender image

Car insurance calculator

How do your prices compare to the rest of the nation? Use our car insurance calculator to look at the average premium for your age and region.

What our car insurance expert says

“In the current climate we want to help drivers do all they can to make their insurance more affordable. But we know the key to this will be shopping around and seeing what the best price out there is. It’s a competitive industry and we’re confident that switching will result in savings."
Louise Thomas, Motor Insurance Expert at Confused.com
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