Car insurance price index

London drivers see the biggest drop in prices - but it’s still the most expensive region

Car insurance prices have dropped across all UK regions, but some see bigger decreases than others. Prices in Inner London fell by £146 (10%) in the past 12 months, on average. However, drivers in the region are still paying £1,357, on average, making it the most expensive region in the UK for car insurance. This is followed by Outer London and the West Midlands, where prices are £1,104 and £1,068 respectively, on average.

Men pay more than women for car insurance

While insurers can’t price based on genders, men are typically paying more for their insurance than women. However, both are benefitting from a drop in prices. Premiums for male drivers fell by £67 (7%) over the past year to £920, on average. Meanwhile women are now paying £762 following a £58 (7%) decrease year-on-year, on average. Men tend to have higher risk profiles than women, which is why they might see higher prices for their car insurance. For example, men are more likely to drive expensive cars with larger engines.