Survey: Car insurance premiums fall

First published in National News © by

The cost of car insurance is falling after years of steady rises.

Average annual comprehensive insurance in spring (April to June) this year was £797 - a 7.1% dip on the spring 2011 figure, according to a survey by and professional services company Towers Watson.

But despite the fall, men on average are still paying £110 more than women on their car insurance.

Biggest winners from the fall in prices are the elderly, with drivers aged 71 or more not only paying the least (£426 a year) but also enjoying the biggest year-on-year dip - 8.8%.

There were also big falls in the amount young drivers have to pay, but at £2,491 the price of comprehensive insurance for those aged 17-20 is higher than for any other age range.

The price for these novice drivers also varies depending on where they live and what sex they are.

The average price for 17 to 20-year-old male drivers in Manchester/Merseyside is £5,394, yet male drivers in this age range pay a more modest £2,999 in Central Scotland.

Women aged 17 to 20 are quoted £1,878 on average for comprehensive insurance, while men of the same age suffer average insurance quotes of £3,596.

Regionally, the west of England has seen the biggest fall in prices, as average premiums for comprehensive cover dropped by 10.5% in spring 2012.

Gareth Kloet, head of car insurance at, said: "Competition between car insurance providers is currently very high. We anticipate that drivers will continue to reduce their annual mileage as a result of high motoring costs and seek cheaper vehicles in their search for more affordable cover."


Post a comment

Remember you are personally responsible for what you post on this site and must abide by our site terms. Do not post anything that is false, abusive or malicious. If you wish to complain, please use the ‘report this post’ link.

Send us your news, pictures and videos

Most read stories

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree