We are pleased to bring you the second quarter 2024 edition of the Confused.com Car Insurance Price Index in association with WTW.
Comprehensive car insurance premiums have fallen by 6.3% (£59) between April and June 2024, with UK motorists now paying £882 on average for their car insurance.
Following a two-year-long upward trajectory in prices, car insurance premiums have now decreased for two consecutive quarters following an initial price fall of 5.4% (£54) in the first three months of 2024. At the same time, although the data shows a fall in prices during the first six months of 2024, car insurance premiums still recorded an annual rise of 14% (£106).
The latest headlines include
- The average UK premium now stands at £882, having risen by 13.7% (£106) in the last 12 months.
- However, premiums have now fallen for the second quarter in a row and on average by 6.3% (£59) in the last three months.
- Prices for 20-year-olds fell the most over the past three months, with premiums now 9.1% (£227) cheaper, taking their annual premiums to a still eye-watering £2,259.
- Drivers in the North West saw the largest percentage decrease in the cost of comprehensive car insurance, with a quarterly fall of 8% with average premiums now costing £819.
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