Confused.com Car Insurance Price Index Q1 2023

We are pleased to bring you the first quarter 2023 edition of the Confused.com Car Insurance Price Index in association with WTW.

The latest headlines include

• Average UK car insurance prices have risen by 19.6% in the last 12 months.
• Prices rose by 4.5% in the first quarter of 2023, the sixth straight quarterly increase.
• The average UK premium of £657 is the second highest seen since we started the index in 2006.
• Price rises based on vehicle age have been particularly severe for drivers of cars up to eight years old.
• Prices have risen by over 25% for 17- to 20-year-old drivers over the last year.

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

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.