Money & Insurance > Stories

Car insurance is heading for £900 a year

Simon Clark
Jan 19, 2018


The average driver is now paying a whopping £827 a year for car insurance – and it’s set to break the £900 barrier this year.

Prices have gone up 23% in the last two years.

It means they’re edging towards the record £858 that drivers had to pay in 2011.

GET IN THE DRIVING SEAT AND CUT YOUR BILLS NOW

Road silhouette

Teenagers are worst hit, with 17 to 19 year olds facing average premiums of £2,000 – and 18 year olds paying most at £2,200.

Even traditionally "safer" drivers over 60 are being hammered.

Motorists aged 65 to 67 have seen their premiums rise by around £60 – a 13% rise since a year ago.

Over 60s still pay least at an average £460 a year. But the figure 10 years ago was under £300 a year.

The new figures were collated by insurance analysts Willis Towers Watson from more than 6million quotes.

Added to fuel price rises of 0.5p a litre for petrol and 0.7p for diesel this month, it means motorists are facing a costly year on the roads.

We’ve said it before and we’ll say it again: The answer to rising premiums is to switch and save money.

Stick with your insurer out of habit, gratitude or laziness and you’ll pay the price – their price.

 

Here's what you can do

Use our price comparison tools to see what you could be saving.

When you save money let us know.

And if your insurer is giving you a terrible deal tell us about that too. We can help.