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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 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.

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 £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.

Car insurance price index 2023 regions map

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.

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 £198 (40%) for women and by £236 (40%) for men. Male drivers now pay £827, while female drivers pay £690, 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."

Want more information about the price index?

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