Car Insurance UK Price Index

See how much car insurance costs in the UK based on over
6 years of data and millions of customer quotes

Car insurance prices continue to fall in 2019

Updated July 2019

Year-on-year car insurance premiums came down slightly in the second quarter of 2019, according to the latest data from MoneySuperMarket, easing some of the pressure on motorists.

Our analysis of quotes shows that between April and June this year, the average comprehensive car insurance price was £472. That's £22 less than the average figure in the same period in 2018 (£494).

Lower premiums are partly due to an overall drop in prices last spring after the government revised down its calculations for personal injury compensation payments. Previously, insurers had increased their prices to help fund larger payouts to victims of accidents.

Car insurance premiums have also come down on the back of growing availability and uptake of black box or telematics insurance. This allows drivers to demonstrate their driving behaviour to their insurer and can affect how much they pay for their car insurance policy. Because it encourages safer driving, it has helped keep a lid on premiums.

However, motorists may not be able to breathe easy for long, as there are signs prices are starting to move upwards again, with premiums rising an average of £6 in Q2, compared to the first quarter of this year.

This can be attributed to uncertainty surrounding Brexit that has weakened the pound, and claims costs increasing on the back of more expensive spare car parts.

Average premiums by region

Where you live can also affect how much you pay for your car insurance. The greater the population, the more cars are on the road and the greater the likelihood of collisions and claims. All of this pushes up the price of car insurance in those areas.

That’s why drivers in largely rural areas, such as south-west England and the highlands of Scotland, tend to pay less than those in major conurbations.

For example, those living in East London had the most expensive premiums in Q2 2019, at an average of £935.20 for fully comprehensive cover.

The Isle of Lewis in the Outer Hebrides, on the other hand, had the cheapest premiums at an average of £303.47.

London as a whole had an average premium of £668, compared to £364 in Scotland.

Bigger towns and cities also tend to have higher crime rates, which again can contribute to higher costs.

Whatever the trend, it’s always best to shop around when your car insurance comes up for renewal. A little research could result in an average annual saving of up to £245*, so it’s worth running a new quote.

Tap a region to find out more:

How age & gender affect car insurance costs

Younger drivers can be particularly affected by fluctuations in premiums as the younger (and thus less experienced) the driver, the higher the premiums.

The good news, however, is premiums have fallen 12% over the past year for the 17-19 age bracket, to an average of £993.61 for a fully comprehensive policy in Q2, 2019. Prices for those aged 20-24 have also dipped over the past year to an average of £939.72, down 5%.

But premiums are still significantly higher for younger drivers than for older motorists. Those aged 65 and over saw premiums rise the most over the last year (6%), yet they still came in at an average of just £280.

Differences between car insurance costs for women and men are also still present - despite insurers no longer being allowed by law to take gender into account when setting premiums thanks to the European Court of Justice’s Gender Directive that came into effect in 2012.

In Q2 2019 women paid an average of £423.36 for a fully comprehensive insurance policy (down 4% from Q2, 2018), while men paid an average of £516.15 (down 5%).

However, women tend to drive less expensive cars with lower performance capabilities, both of which help to lower premiums. What’s more, if women are making fewer claims, they may have larger no-claims discounts, helping to bring down the cost.

Methodology

All premium price data is based on the median cheapest on-screen price for the given period that customers see when running a quote. Premiums are based on MoneySuperMarket customers only and are not representative of the UK average.

From October (Q4) 2018 onwards the on screen price also includes add-ons in line with the Insurance Distribution Directive (IDD).

*51% of consumers could save up to £245.43. Consumer Intelligence, May 2019

Did you find this helpful? Why not share this article?

Share on Facebook Tweet this Share on Google+ Share on LinkedIn Share via Email

Want to compare car insurance quotes?

Get a quote

Source information (MSM car insurance quotes, last 6 years, updated on a quarterly basis)

Our top car insurance guides

View all guides ›

Young drivers

Young drivers car insurance

New to the road? Read our guide on finding an affordable car insurance policy if you’re a young driver.

Happy drivers

How to get cheaper car insurance

Fed up with paying through the nose for your car insurance? Find out how to keep costs down.

Car dashboard

Black box car insurance

Ever wondered what telematics insurance is and whether it's right for you? Find out more with our guide.

Our top car insurance articles

View all articles ›

Covered in another car?

Are you insured to drive another car? Read about the types of cover available.

Car modifications – covered?

Ever considered kitting out your car with some new alloy wheels or been tempted to tune up the engine?

Transferring Car Insurance

Read our five-minute guide to making sure you stay protected when changing cars.

No claims discounts

No claims bonus (NCB) is arguably the most effective way of cutting costs – find out what it is and how you can save.