UK drivers are paying an average of £657 for comprehensive insurance, up by 20% over the past year, according to the latest Confused.com Car Insurance Price Index in association with WTW. Thais is the most expensive average premium price since 2011.
Tim Rourke (pictured), UK head of P&C pricing, product, claims and underwriting at WTW, said: “Fast-paced inflation throughout the UK economy has driven up the costs insurers face in fulfilling claims, such as rocketing motor repair, parts and labour prices, that have in turn seen premiums surge.”
West Central London remains the most expensive postcode with an average premium of £1,276. Llandrindod Wells in Wales is the cheapest with premiums of £410.
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