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Motor premiums start heading downwards

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Prices for comprehensive car cover fell by 3.3% in the first quarter of 2012, the first time in almost four years that car insurance premiums have seen any reduction, according to the Confused.com/Towers Watson Car Insurance Price Index.

The index, which is based on more than four million quotes, showed the average cost of a comprehensive policy at the end of March 2012 was £816, down £19 from the previous year.

Average prices for 17-20 year olds dropped by £92 in the first quarter of the year, now standing at £2,499, and for those aged 66 and over, Q1 2012 saw average prices fall by £13 to £438.

Northern Ireland was the only region that saw a quarterly increase, with average prices increasing by 0.1%, while drivers in the

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