Complete automobile insurance coverage premiums fell by 6% (£59) between April and June 2024, the second quarter of decreases in line with the most recent analysis by Confused/WTW.
The index discovered that on common UK motorists now pay £882, £113 lower than six months in the past.
Costs had elevated for 9 straight quarters earlier than the run was damaged firstly of the 12 months with a 5% fall.
The analysis relies on value knowledge from over six million buyer quotes per quarter.
Automotive insurance coverage premiums nonetheless recorded an annual rise of 14%, nonetheless this was considerably decrease than the 40% annual rise reported in the identical interval of 2023.
Insurers’ behaviour
Tim Rourke, UK head of P&C
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