Comprehensive car insurance premiums have fallen by 16% (equating to £97) since the third quarter of 2020, with UK motorists now paying £514 on average, according to a Willis Towers Watson-supported price index from Confused.com.
Although the rate of decline slowed between July and September compared to the first half of this year, prices are said to have now fallen for six out of the last seven quarters.
Meanwhile, premiums are the cheapest they’ve been since mid 2015, after falling a further 2% in the third quarter of 2021.
