The overall picture
Car insurance prices continue to rise
The cost of car insurance continues to rise, with UK drivers now paying £629, on average. That’s according to the latest Confused.com car insurance price index, powered by WTW. The figures show a £100 (19%) increase in the past 12 months. This is the highest annual increase in more than 6 years.
Average prices by region
Drivers in Central and East & North East Scotland, and the North Midlands pay highest on record
Steep increases mean drivers are paying the highest car insurance costs on record in:
- Central Scotland
- East & North East Scotland
- North Midlands
Drivers in Central Scotland are now paying £547, on average, following a £100 (22%) rise in prices in the past 12 months. Meanwhile, drivers in East & North East Scotland, and the North Midlands are now paying £80 more than last year (21% and 16% respectively). Their average car insurance costs are now £456 and £578, respectively. However, these aren’t the biggest monetary increases, as drivers in Inner London pay £1,008, on average, following a £183 (22%) rise in prices.
Complete regional insurance pricing data
| Region | Average premium | Annual change (£) | Annual change (%) | Quaterly change (£) | Quarterly change (%) |
|---|---|---|---|---|---|
London - Inner |
£1,008 |
£183 |
22% |
£72 |
8% |
Manchester / Merseyside |
£790 |
£108 |
16% |
£53 |
7% |
London - Outer |
£808 |
£143 |
21% |
£67 |
9% |
Midlands - West |
£755 |
£112 |
17% |
£58 |
8% |
Leeds / Sheffield |
£715 |
£102 |
17% |
£46 |
7% |
Northern Ireland |
£668 |
£120 |
22% |
£37 |
6% |
Midlands - East |
£612 |
£87 |
16% |
£37 |
7% |
North West |
£599 |
£82 |
16% |
£39 |
7% |
South Central |
£598 |
£93 |
18% |
£38 |
7% |
Midlands - North |
£578 |
£80 |
16% |
£35 |
6% |
North East |
£546 |
£76 |
16% |
£28 |
5% |
North |
£535 |
£76 |
16% |
£31 |
6% |
Scotland - Central |
£547 |
£100 |
22% |
£42 |
8% |
South East |
£533 |
£91 |
21% |
£37 |
7% |
East |
£531 |
£89 |
20% |
£39 |
8% |
Wales - South |
£510 |
£77 |
18% |
£37 |
8% |
South |
£498 |
£80 |
19% |
£30 |
6% |
West |
£475 |
£81 |
20% |
£32 |
7% |
Scotland - East & NE |
£456 |
£80 |
21% |
£25 |
6% |
Scotland - Highlands & Islands |
£448 |
£79 |
21% |
£28 |
7% |
Wales - Central & North |
£432 |
£72 |
20% |
£24 |
6% |
South West |
£417 |
£64 |
18% |
£22 |
6% |
Scotland - Borders |
£418 |
£70 |
20% |
£27 |
7% |
Average prices by age
Young drivers still paying high insurance costs
The latest data reveals that young drivers are still paying more than £1,000 for their car insurance. Figures show that drivers aged 18 are currently paying £1,715, on average - an annual increase of £307 (22%). This is the steepest increase of all age groups. But this isn’t the highest price recorded for drivers of this age.
A £130 (17%) increase for drivers aged 28 puts their average insurance cost at £912 - the most expensive price on record for this age. Similar jumps are seen with drivers aged 30. That’s as annual costs have risen £149 (21%), on average. And although generally cheaper in cost, older drivers are still seeing increases too. For example, drivers aged 65 saw the cost of car insurance grow by £66 (21%) compared to this time last year. This means they’re now paying £385, on average.
Confused.com
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How to claim a reward
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (February '23). 51% of car insurance customers could save £407.05
**Single annual policy. Shell Go+ account required. Only one £10 fuel reward can be used per transaction and each can only be used on fuel purchases of £10 or over. HelloFresh 18+ subscription service. Geographical exclusions apply. T&Cs apply
Average prices by gender
Men pay more than women for car insurance
Men continue to pay more than women for their car insurance, but costs have increased for both over a 12-month period. On average, car insurance costs have increased by £105 for men and £90 for women. Male drivers now pay £672, while female drivers pay £557, on average.
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