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 £51 year on year, with the average now standing at £704. The cheapest average premiums have also risen by £34 year on year, to £582, meaning that drivers could potentially save £122 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 and repair cost inflation. The end of Covid-19 restrictions has also led to more traffic, increasing the likelihood of accidents and subsequent claims.

Julie Daniels, motor insurance expert at comparethemarket.com, said:

"Drivers will be concerned that the cost of car insurance is rising when household finances are already under pressure from high fuel prices and the wider cost of living crisis. Our figures show the average premium has increased by £51 year-on-year due to the rising cost of repairing or replacing vehicles and higher value of second-hand cars.

"Drivers looking to cut the cost of car insurance should consider shopping around for a cheaper deal when their policy comes up for renewal. Motorists could save an average of £122 by switching insurers. As car insurance for young drivers is so expensive, it is a particularly good idea for these motorists to shop around. This could typically save young drivers more than £250[ . A quick and easy way to find a great deal ahead of your renewal can also be by signing up to automated car insurance renewal quotes. comparethemarket.com automatically notifies customers whose policy is about to end about any available deals and savings to be had”.

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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