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Confused.com Car Insurance Price Index Q4 2019

In association with Willis Towers Watson

Insurance Consulting and Technology
Insurer Solutions

January 20, 2020

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

After last quarter’s Index summary references to motor insurers walking a pricing tightrope, the majority of companies opted to put a bigger safety net in place in the final quarter. Average prices rose by 4.1% in the quarter, the largest quarterly percentage increase since the second quarter of 2017.

The latest headlines include:

  • During 2019, prices rose by 5.4%, or £42, on average.
  • The average UK motor premium at the end of 2019 was £815.
  • Some postcodes areas saw double digit percentage increases in the quarter.
  • A handful of specific segments have, however, received annual price decreases – notably cars over 15 years old.

To request a copy of the quarterly results and to be added to the list for future mailings, please complete the form.

Average motor premiums top
£800
During 2019, prices rose by
5.4%

Subscription services

In July 2014, Willis Towers Watson and Confused.com launched a 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.

If would like to know more about the monthly index subscription service and how to subscribe, please email Graham Wright or Patrick Tingay .

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