Biggest annual rise in five years as car premiums jump 14%
Average comprehensive car insurance premiums reached £586 in the third quarter, up 14% since Q3 2021 and by 6% in the last three months alone, according to research by Confused and WTW.
The Car Insurance Price Index recorded a £72 year-on-year increase for UK motorists including a £32 rise during the quarter.
The latest uplift means prices have gone up for four quarters in a row. The most recent rise was the biggest of this series of quarterly increases.
The research also detailed that in all three quarters since 1 January when the Financial Conduct Authority brought in rules to end dual pricing motorists have been paying more than a year ago.
RegionsThe index, based on
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