Average UK Car Insurance Quote Hits Record £995

Here are the details from the blog titled “Average UK Car Insurance Quote Hits Record £995”: Insurers have seen a surge in the cost of claims, leading to rising prices for car insurance in the UK.

Record High Premiums

Year-on-Year Increase

Impact on Young Drivers

Factors Contributing to Rising Costs

Regional Variations

  • London remains the most expensive region in the UK for car insurance. Drivers in Inner London pay an average of £1,607, while those in Outer London pay £1,291.
  • Other parts of the UK are also experiencing steep rises. For instance:
    • Northern Ireland: Premiums have surpassed the £1,000 mark for the first time, with a 57% increase in the past 12 months, resulting in an average premium of £1,051.
    • Central Scotland: Drivers have seen a 64% increase (£350), doubling their insurance premiums in two years. The average driver in central Scotland now pays £897.
  • Advice for Drivers: Louise Thomas from Confused.com suggests that drivers review their policies to explore ways to save, especially given the ongoing cost of living crisis. Shopping around for better insurance deals can be beneficial, particularly for younger drivers who are paying the highest prices.

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