Typical car insurance premium now costs 629 as prices surge to highest level in THREE YEARS
The average annual car insurance premium has risen by 100 in 12 months to hit a three-year high of 629 a year.
This 19 per cent increase in the last three months means motorists across the UK arenow paying the highest price for their car insurance in three years, according to data from Confused.com.
In fact, 629 is just 34 a year less than the most expensive price for car insurance ever recorded.
Half of all drivers found their car insurance premiums went up in the past quarter, Confused.com said, rising 46 on average.
Male drivers are now paying 672 a year, a 19 per cent increase year-on-year, or an extra 105.
Female motorists now pay 557 for car cover, also a 19 per cent increase, with prices 90 more than the same period of 2021.
HOW THIS IS MONEY CAN HELP
- How to save on car insurance: Ten top tips to cut the cost in just a few minutes
The regions seeing the fastest increase in car insurance prices areCentral Scotland, Northern Ireland and inner London, which all incurred 22 per cent price hikes.
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