Motorists will be interested to read that the average amount paid for fully comprehensive car insurance in the second quarter of 2021 increased by 7 pence when compared with the first quarter of 2021 according to the MoneySuperMarket.com Car Insurance UK Price Index.
In Q2 of 2021, the average cost was £417 per annum for such cover. On average, this is in excess of £60 per annum cheaper than in the second quarter of 2020 with this reduction equating to a fall of 12.1%.
Based upon the figures for the second quarter of 2021, it would appear that there is some leveling out of premiums. It will be interesting to see what happens to car insurance premiums in the remaining six months of this year as we gradually come out of lockdown if things go according to plan as far as the coronavirus pandemic is concerned.
During the pandemic there have been far fewer cars on the roads here in the UK. As a result, there will have been fewer road traffic accidents resulting in car insurance providers receiving a lower number of claims meaning that they have paid out less with the knock on effect being that a number of insurers have probably been able to lower or contain the amount they charge their policyholders for motor insurance.
Apparently, motorists aged between 20 to 24 pay the most for fully comprehensive cover with the average premium being £839 per annum. Motorists aged between 17 to 19 on average are charged £454 per annum for such cover with this being 42% less than a year ago. Motorists who are 65 years of age or more pay the lowest premium at an average of £253 per annum for such cover.
It is motorists in East London who, on average, pay the most for fully comprehensive car insurance – £840 per annum. The lowest premium in the country is paid by motorists in Llandrindod Wells and Kirkwall on Orkney with premiums averaging £256 per annum.
If you require a competitive car insurance quotation why not get in touch and we will do all that we can to assist without any obligation on your part.
