Complete automotive insurance coverage premiums have now dropped year-on-year after a 3rd consecutive quarterly fall in costs, in keeping with the newest findings by WTW and Confused.
The index, drawn from over six million buyer quotes per quarter, measured a 2% lower between July and September 2024, having proven declines within the first and second quarters of this 12 months.
The change to reductions got here after a two-year upwards surge in pricing. At this level in 2023, premiums have been up 58% year-on-year. The cumulative impact of three quarterly drops means this metric has now reversed to a 7% annual drop, leaving the common quote at £861.
Areas
Most areas throughout the UK
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