Premium Drivers index

Each quarter, Compare the Market publishes research on the latest savings for car insurance premiums by comparing our ‘cheapest’ and ‘average’ motor premiums across all age groups to determine something we call the ‘savings variable’. The results help to give you an idea of how much it would pay to shop around for your car insurance.

Each quarter, Compare the Market publishes research on the latest savings for car insurance premiums by comparing our ‘cheapest’ and ‘average’ motor premiums across all age groups to determine something we call the ‘savings variable’. The results help to give you an idea of how much it would pay to shop around for your car insurance.

View our latest Premium Drivers Report

Go to the report


Our latest report suggests that insurance premiums have increased by an average of £68 year on year, with the average now standing at £688. The cheapest average premiums have also risen by £42 year on year, to £568, meaning that drivers could potentially save £120 by comparing car insurance quotes.

Market changes

Higher premiums are a result of increased cost pressures, including a rise in the value of second-hand cars, repair cost inflation and a growing accident rate since the end of pandemic travel curbs, the Association of British Insurers stated. The Financial Conduct Authority (FCA) also introduced pricing regulations in January 2022 that prevents insurers from offering exclusive discounts to new customers.

Alex Hasty

Director at Compare the Market

"Drivers will be disappointed that motor premiums are less affordable than in previous years as household budgets continue to be impacted by rising fuel and energy costs. Insurance prices began to increase rapidly at the end of last year and premiums have remained high in the first three months of 2022. This is concerning as lots of motorists are already struggling with the cost of driving. 

"Switching to a cheaper deal continues to be  one of the best ways to cut the cost of car insurance, with our research showing drivers could save an average of £120. Shopping around when your policy comes up for renewal can significantly benefit young motorists who face the biggest increase in premiums. Drivers below the age of 25 could save a substantial £257 by switching. These savings could help to offset rising petrol costs or household bills."

Past reports

We carry out this research every quarter to find out what the current landscape means to you when it comes to buying your car insurance. Here you can see our previous reports to see how the industry has changed over the past year and what this means for your car insurance premium.

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