First fall in automobile premiums for over two years – Insurance coverage Age

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First fall in car premiums for over two years - Insurance Age

Complete automobile insurance coverage premiums fell by 5% within the first three months of 2024 after 9 consecutive quarters of rises, in accordance with the newest analysis from Confused/WTW.

Nevertheless, the small discount nonetheless left the year-on-year value hike at 43%.

The run of will increase had pushed premiums to a report excessive.

The newest value information, compiled from over six million buyer quotes, set the typical value at £941.

Areas

All areas throughout the UK recorded value falls during the last three months.

Drivers in Northern Eire noticed the biggest share lower of 8% with common premiums now costing £968.

The smallest annual lower was seen in Central Scotland, the place drivers had

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