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Car insurance premiums record 10% annual fall

Cars on a motorway
    • Andrew Pearce

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Car insurance premiums have fallen by 10.6% over the past year, with average premiums now standing at £478, according to MoneySupermarket.com

The MoneySupermarket Monitor on Car Insurance found that car insurance premium prices had fallen to an 18-month low, following a peak of £554 recorded for April 2011.

Cleveland (-14%), in the North East of England, as well as Harrogate (-13.6%) and Shrewsbury (-13.6%) recorded the biggest premium falls.

However, London registered the smallest decreases with West London, seeing a 3% fall.

The cheapest places for average premiums are dominated by Scotland with Perth (£285.95), Inverness (£287.97)

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