Published 1 year ago • loading... • Updated 1 year ago

Average car insurance cost in UK nears £1,000 after prices rise 58%

Young drivers are facing the highest car insurance costs on record, with average premiums for 17-20-year-olds rising by more than £1,000 from last year.
Overall, drivers are paying 58% more on car insurance compared to last January, with average price rises reaching £995.
The surge in insurance costs has led to concerns about younger drivers being pushed towards alternative transportation options.

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Financial Times

Average UK car insurance quote hits record £995

Rise in prices comes after insurers register surge in cost of claims

1 year ago·London, United Kingdom

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Bloomberg

British Motorists Pay £1,000 to Insure a Car as Costs Soar

UK drivers are paying almost £1,000 ($1,272) a year for their car insurance as the cost-of-living crisis continues to bite.

1 year ago·United States

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BBC News

Young drivers face £3,000 cost for car insurance

Inflation and repairs have sent quotes soaring for younger motorists, according to data.

1 year ago·United Kingdom

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The Independent

Average car insurance cost in UK soars to record high

It now costs nearly £3,000 on average for an 18-year-old to insure a car, according to Confused.com

1 year ago·London, United Kingdom

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Wales Online

Highest average car insurance prices on record

Confused.com says that prices have, on average, increased by 58% in the last 12 months

1 year ago·Wales, United Kingdom

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The Guardian

Average car insurance cost in UK nears £1,000 after prices rise 58%

Young drivers face huge increases as soaring costs help push up inflationThe average price of car insurance in the UK has broken records to stand at close to £1,000 after price rises of more than 50% last year, according to new data.Drivers can now expect to pay £995 for their car insurance, on average – the highest price ever in the UK – according to the latest index published by the price comparison website Confused.com. Continue reading...

1 year ago·London, United Kingdom

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