Drivers continue to see annual increases to their car insurance
The UK average for car insurance is now £882 per year. This follows a £106 (14%) increase, on average, in 12 months. But prices have dropped by £59 (-6%) in the past 3 months, putting an end to record-high prices which were reported last year. However, drivers can still expect to pay more than last year. 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 £129 (19%) - the highest percentage increase of any UK region. This means that the cost of car insurance is now £820, on average.
Inner London remains the most expensive region of the UK. Prices increased by £147 (12%) in 12 months, meaning average prices are now £1,404. In South Wales, average prices are now £686, following a £73 (12%) annual increase. And in Northern Ireland, prices are £104 (13%) higher than 12 months ago, with the average now £925.
| Region | Average premium | Annual change (£) | Annual change (%) | Quaterly change (£) | Quarterly change (%) |
|---|---|---|---|---|---|
|
London - Inner
|
£1,404
|
£147
|
12%
|
-£97
|
-6%
|
|
Manchester / Merseyside
|
£1,064
|
£99
|
10%
|
-£87
|
-8%
|
|
London - Outer
|
£1,147
|
£144
|
14%
|
-£73
|
-6%
|
|
Midlands - West
|
£1,082
|
£142
|
15%
|
-£75
|
-6%
|
|
Leeds / Sheffield
|
£999
|
£119
|
14%
|
-£75
|
-7%
|
|
Northern Ireland
|
£925
|
£104
|
13%
|
-£43
|
-4%
|
|
Midlands - East
|
£868
|
£108
|
14%
|
-£61
|
-7%
|
|
North West
|
£819
|
£83
|
11%
|
-£74
|
-8%
|
|
South Central
|
£843
|
£98
|
13%
|
-£56
|
-6%
|
|
Midlands - North
|
£802
|
£94
|
13%
|
-£57
|
-7%
|
|
North East
|
£761
|
£89
|
13%
|
-£51
|
-6%
|
|
North
|
£755
|
£103
|
16%
|
-£43
|
-5%
|
|
Scotland - Central
|
£820
|
£129
|
19%
|
-£51
|
-6%
|
|
South East
|
£752
|
£102
|
16%
|
-£46
|
-6%
|
|
East
|
£748
|
£98
|
15%
|
-£48
|
-6%
|
|
Wales - South
|
£686
|
£73
|
12%
|
-£48
|
-6%
|
|
South
|
£689
|
£84
|
14%
|
-£41
|
-6%
|
|
West
|
£662
|
£81
|
14%
|
-£39
|
-6%
|
|
Scotland - East & NE
|
£664
|
£94
|
17%
|
-£37
|
-5%
|
|
Scotland - Highlands & Islands
|
£637
|
£77
|
14%
|
-£37
|
-6%
|
|
Wales - Central & North
|
£578
|
£55
|
11%
|
-£46
|
-7%
|
|
South West
|
£571
|
£62
|
12%
|
-£35
|
-6%
|
|
Scotland - Borders
|
£595
|
£83
|
16%
|
-£39
|
-6%
|
Drivers aged 17 have seen the biggest annual increase
Young drivers continue to battle some of the highest prices for their car insurance. Although the data shows that drivers are unlikely to be paying less than £1,000 until they’re aged 38. Those aged 17 saw average increases of £688 (33%) in 12 months. That puts their average insurance price at £2,776. Meanwhile, 18-year-olds are paying the most overall, with average prices now £2,960. This follows a £556 (23%) 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.
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Men pay more than women for car insurance
While insurers can’t price based on genders, the average costs of car insurance for both men and women have both increased in the last 12 months. Prices have risen by £96 (14%) for women and by £112 (14%) for men. Male drivers now pay £939, while female drivers pay £786, on average. Men tend to have higher risk profiles than women, which is why they might see higher prices for their car insurance. For example, men are more likely to drive expensive cars with larger engines.
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