Record fall in car insurance premiums

The Car Insurance Price Index from Confused.com and Towers Watson recorded an average fall in rates of 5.1% between July and September, the steepest reduction since the research started in 2007.

The findings mean that rates have dipped by 10.3% in the last 12 months.

According to the findings, the average comprehensive premium in the UK stood at £757 as of the end of September, a drop of £87 in the last year.

Annual price movements for third party, fire and theft cover also became negative for