Confused.com Car Insurance Price Index Q2 2021

UK car insurance premiums fall to lowest level since 2016

We are pleased to bring you the second quarter 2021 edition of the Confused.com Car Insurance Price Index in association with Willis Towers Watson.

A 3% price reduction in the second quarter of 2021 has taken the average UK car insurance premium to its lowest level since the first quarter of 2016. But turbulent months lay ahead for motor insurers as they contend with the need to integrate the Financial Conduct Authority’s pricing practice review measures.

The latest headlines include:

• Average prices fell by 3% in the second quarter, equivalent to a saving of £16.
• The average UK premium now stands at £522, the lowest since Q1 2016 when premiums stood at £519.
• Prices have fallen by 12% in the last 12 months.
• Drivers under 25 have typically received lower levels of price decreases over the last year.
• A handful of postcode areas saw price rises in the second quarter.

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

Subscription services

A subscription service is available, 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 .