Third quarter of car insurance price falls – WTW/Confused
Comprehensive car insurance premiums have now dropped year-on-year after a third consecutive quarterly fall in prices, according to the latest findings by WTW and Confused.
The index, drawn from over six million customer quotes per quarter, measured a 2% decrease between July and September 2024, having shown declines in the first and second quarters of this year.
The switch to reductions came after a two-year upwards surge in pricing. At this point in 2023, premiums were up 58% year-on-year. The cumulative effect of three quarterly drops means this metric has now reversed to a 7% annual drop, leaving the average quote at £861.
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