Motorists will be pleased to read that there has been a small fall in the amount being paid for car insurance in the first quarter of 2019 according to the Confused.com car insurance price index that is produced with the assistance of Willis Towers Watson.
In the first quarter of 2019, the average cost of fully comprehensive car insurance dropped by £12 per annum to £762 per annum when compared with the previous quarter. Yes, it is only a minimal reduction but at least it is a fall.
Age is one of the factors that affects how much insurers charge you for your cover with the younger motorist paying more for their cover than the mature, experienced driver. A 17 year old is paying an average of £1,905 per annum and an 18 year old is being charged the most at an average of £2,081 per annum. A 19 year old is paying an average of £1,914 per annum. A 21 year old would be charged an average of £1,602 per annum. Interestingly, a 34 year old pays an average of £647 per annum – a significant drop. A 51 year old pays an average of £661 per annum. Those of you who are 66 years of age pay, on average, the lowest premium at £431 per annum.
Certain regions have seen premiums increase over the 12 month period with Central Scotland seeing premiums rise by £10 per annum to an average of £663 per annum for fully comprehensive car insurance. The South East of England saw premiums go up by £8 per annum and the East of England by £6 per annum.
Male drivers pay an average of £805 per annum and female drivers pay an average of £709 per annum for their car insurance.
Unfortunately, it is believed that there are still an awful lot of motorists who do not bother to shop around for their motor insurance when their policies come up for renewal. This is a shame because there are no doubt some drivers who would have been able to get a cheaper deal with another provider. After all, it really does not take very long to go on the likes of a price comparison website to see if you can obtain the cover cheaper elsewhere and it is relatively straightforward to switch insurers.