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Confused.com Car Insurance Price Index Q2 2019

In association with Willis Towers Watson

Insurance Consulting and Technology
Insurer Solutions

July 26, 2019

The Confused.com Car Insurance Price Index in association with Willis Towers Watson is compiled using anonymous applicant data and uses the average of the five cheapest quotes received in response to all enquiries on Confused.com, one of the UK’s leading comparison sites.

Quarterly overview

Headline figures from the Index during the calendar quarter from 1 April to 30 June 2019 were (for car policies providing comprehensive cover):

  • Premiums rose on average by 3.5% in the second quarter (Q2), the largest percentage increase since Q2 2017.
  • The average UK premium is now £789.
  • Prices have risen by 4.8% in the last year, equivalent to an average price rise of £37.
  • 17-year-old drivers received the highest quarterly increase of 7.5%.
  • Against the general backdrop of price increases, drivers in six postcode areas have seen prices fall in the last year.
  • Annual increases based on vehicle value have primarily targeted the ‘banger’ end of the market.

The Index has collected data on pricing trends since the final quarter of 2006 and many millions of new quotes contribute to each quarter’s findings. This makes it the most comprehensive current insight into price trends, particularly as it is focused on the dominant price comparison channel.

Each quarter, in addition to the press release that is publically available on our website, we produce a more in-depth summary of the quarter’s findings exclusively for people who have registered their interest with us – typically two weeks after the press release is issued. To receive the latest and future issues of the summary please register your interest, ensuring you select Insurance Consulting and Technology as your area of interest and mentioning 'Confused.com/ Willis Towers Watson index' in the message field.'

Please register to receive a copy of the results.

Subscription services

In July 2014, Willis Towers Watson and Confused.com launched a new subscription service, disclosing the results of this analysis for comprehensive motor insurance at a much more granular level and on a monthly basis, thereby providing a deep insight into market price movements.

This offers subscribers a detailed summary of average premiums by factor and geography with the structure and parameters of a multiplicative market model.

The service is available to organisations that are not currently Confused.com partners and is identical for all subscribers.

No analysis of individual insurance providers’ prices is possible. The Index is compiled using anonymous customer data.

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