Car fee everyone pays drops £56 – but you could | Tech News
The average car insurance coverage premium has dropped by £56 over the previous 12 months, in accordance with figures from the Association of British Insurers (ABI). The information reveals that between July and September, the average car insurance coverage premium was £551 – a lower of £13 from the earlier quarter and £56 much less than the identical period in 2024.
The ABI’s car insurance coverage premium tracker, which analyses almost 28 million insurance policies offered yearly, is predicated on costs paid by drivers fairly than quotes. So far in 2025, car insurance coverage premiums have seen a decline every quarter, each quarterly and yearly.
Despite the discount in premiums, claims pressures persist, the ABI warned, with its members shelling out £3 billion in car insurance coverage claims during the third quarter of the 12 months. Repair prices made up roughly two-thirds (64%) of the declare determine, because the complexity and expense of repairing fashionable autos stays high, it famous.
Advanced electronics, built-in sensors and good systems are making even minor car repairs more specialised, time-consuming and costly, the ABI highlighted.
High-value elements and technology are additionally making vehicles an enticing goal for thieves. Theft-related claims amounted to £142 million within the third quarter of this 12 months.
Chris Bose, director of common insurance coverage coverage on the ABI, mentioned: “Three straight quarters of falling motor premiums will be welcome news for drivers and the industry alike. However, these continue to be tough times for many families facing higher cost-of-living bills, and underlying pressures on claims haven’t gone away.”
Anyone involved about the price of their motor insurance coverage ought to converse to their insurer to discover what help or choices is likely to be accessible, the ABI mentioned.
Options comparable to growing the insurance coverage extra, bettering vehicle security, or choosing a telematics coverage could help to convey prices down, in addition to procuring round for a appropriate and price-efficient deal.
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