In association with WTW
We are pleased to bring you the second quarter 2022 edition of the Confused.com Car Insurance Price Index in association with WTW.
At the end of the first quarter of 2022, it looked like car insurance prices were on a course to emulate or approach the level of inflation recorded by the UK Retail Price Index – which the Office of National Statistics has reported at 13.4% as of the end of May 2022.
However, despite the third straight quarterly increase, price rises flattened out in the second quarter, with drivers across the UK seeing an average increase of 0.8% compared with prior quarter increases of 3.8% and 3%.
The latest headlines include:
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0.8% average price rise in the second quarter.
6.1% Over the last 12 months, average prices have risen.
A subscription service is available, disclosing the results of this analysis for comprehensive motor insurance at a much more granular level and on a monthly basis, thereby providing a deep insight into market price movements.
If would like to know more about the monthly index subscription service and how to subscribe, please email Anneliese Bedwell.