Car insurance price index

The most comprehensive analysis of car insurance pricing in the UK

The overall picture

Car insurance prices in steepest annual price drop in two years

Car insurance prices have dropped by £52 (6%) over the past 12 months – the steepest price drop in two years. That’s according to the latest car insurance price index, powered by Willis Towers Watson. Drivers can now expect to pay £763 for their car insurance. This is the lowest that prices have been since early 2019.

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Comprehensive car insurance price index

Q4 2015 - Q4 2020 - Average price per quarter


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Average prices by region

Premiums across UK regions decrease by as much as £76 in 12 months

The cost of car insurance dropped the most in South Wales, with prices now £76 (10%) cheaper than 12 months ago. Drivers in the region now pay £659 for car insurance, on average. Meanwhile, drivers in Inner London pay almost double that, with car insurance prices in the region now £1,220 after a £40 (3%) decrease year-on-year.

Average prices by age

Car insurance prices drop the most for drivers in their early 20s.

The cost of car insurance for 21-year-olds decreased by £125 (8%) in 12 months, to £1,525, on average. However, 18-year-olds pay the most for their car insurance, with the average price for this age now £2,136 – the only age group paying more than £2,000.

How does my age change my insurance costs?

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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 both dropped, falling by £55 (6%) for men, and by £49 (6%) for women. Male drivers now pay £799, while female drivers pay £718, on average.

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*Based on data provided by Consumer Intelligence Ltd, (March '21). 51% of car insurance customers could save £228.60