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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 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.

Car insurance price index 2024 graph

Average prices by region

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.

Car insurance price index 2024 regional image

Complete regional insurance pricing data

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%

Average prices by age

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.

Car insurance price index 2024 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 £258 (44%) for women and by £299 (43%) for men. Male drivers now pay £1001, while female drivers pay £841, on average.

Car insurance price index 2024 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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