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Confused.com Car Insurance Price Index Q3 2022

In association with WTW

October 31, 2022

The Index monitors car insurance price trends in the UK. It is compiled from anonymous data and uses the average of the five cheapest quotes received in response to all enquiries on Confused.com.
Insurance Consulting and Technology
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Car insurance prices follow inflationary trend

We are pleased to bring you the third quarter 2022 edition of the Confused.com Car Insurance Price Index in association with WTW.

General inflation in the UK economy took a stronger hold of car insurance prices in the third quarter, elevating prices with less differentiation within market segments than we typically see in the Index. Prices as a whole rose steeply by 5.8% in the third quarter - the highest quarterly percentage increase since mid-2017 – following three previous increases of, in reverse order, 0.8%, 3.8% and 3%.

The latest headlines include:

  • Average prices rose by 5.8% in the third quarter, the largest quarterly increase since mid-2017.
  • Prices have risen by 14% over the last 12 months.
  • The average UK premium has increased by £72 in the last year to £586.
  • Percentage price increases for low annual mileage declarations have typically been higher over the past year but were highest in the 9,000 to 17,000 range in the third quarter.
  • Higher value cars typically attracted larger percentage price increases in the quarter.

To request a copy of the quarterly results and to be added to the list for future mailings, please complete the form.

5.8% average price rise in the third quarter.

14% Over the last 12 months, average prices have risen.

Subscription services

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.

  • This offers subscribers a detailed summary of average premiums by factor and geography with the structure and parameters of a multiplicative market model.
  • The service is available to organisations that are not currently Confused.com partners and is identical for all subscribers.
  • No analysis of individual insurance providers’ prices is possible. The Index is compiled using anonymous customer data.

If would like to know more about the monthly index subscription service and how to subscribe, please email Anneliese Bedwell.

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