Car insurance costs in North of England drop by 5% in just three months

Drivers in York are faced with the biggest savings, as prices fell by £49 (8%) since March, according to the latest car insurance price index by Confused.com (Q2 2020), powered by Willis Towers Watson.

Drivers in Northern England can now expect to pay £700 for their car insurance on average.

The data, based on more than six million quotes per quarter, is the most comprehensive new business price index in the UK.

As well as making the biggest savings, motorists in York pay the least for their car insurance in the region with prices now at £570 on average.

It’s a similar picture across the rest of the UK, with most other regions facing cost savings year-on-year.

Overall, the average UK premium now stands at £770, following a £19 (2%) decrease since 12 months ago. Savings are even more significant across the quarter, as prices drop by £39 (5%) in the past three months, on average.

Louise O’Shea, CEO at Confused.com comments: “The past few months have been incredibly challenging. So it’s a relief to see a drop in car insurance costs, which is an expense we can’t avoid.

“Going into lockdown caused a sharp drop in traffic levels, which means the risk of high claim pay-outs has been lower for insurers over this period.

"This is likely to have contributed to this U-turn we’re seeing in car insurance costs in the North of England. It’s likely that as lockdown conditions ease, prices will change further as insurers continuously readjust to the situation.

"We are keeping a close eye on things so that we can update our customers on any changes that may affect them."

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