Car insurance comparison experts are sharing their insights into the current insurance market. Based on the latest data from car insurance comparison site Quotezone.co.uk, the UK average cost of car insurance in Q4 has continued to witness a price decrease.
After a dramatic surge in 2023, car insurance costs have fallen across the country over the last 12 months, with motorists paying an average of £769 in 2024 Q4 versus £885 in the same quarter the previous year.
This decrease should be a welcome relief for motorists nationwide, with rising repair costs, car tax hikes and new low-emission zones all contributing to higher bills.
According to the index, motorists in London are paying the most for their policies, with premiums as high as £1,144 in December.
Drivers in the West Midlands, Yorkshire and North West England are also some of the highest paying in the country, all paying an average premium of over £780.
Region |
October 2024 |
November 2024 |
December 2024 |
London |
1165.4 | 1209.67 | 1144.98 |
West Midlands |
945.32 | 1018.72 | 921.83 |
Yorkshire |
805.45 | 880.29 | 788.76 |
North West England |
825.85 | 899.02 | 783.38 |
East Midlands |
779.83 | 839.46 | 754.05 |
South East England |
718.96 | 765.05 | 694.45 |
East of England |
729.39 | 791.91 | 694.43 |
NI |
685.55 | 703.96 | 659.93 |
Wales |
664.85 | 719.74 | 628.39 |
Scotland |
649.97 | 671.18 | 611.82 |
North East England |
671.69 | 704.63 | 608.41 |
South West England |
605.43 | 627.43 | 565.97 |
Average Car Insurance Costs Per Region for Q4 2024.
While the motoring insurance experts hope the insurance price decrease will continue throughout 2025, they have provided tips to help motorists keep their insurance costs as low as possible.
The team urges all drivers to check their policies and ensure all the information they have told their insurers is accurate and current.
Factors such as driver age, job title, mileage and where the vehicle is kept overnight can all affect the premium cost.
Modifications such as vehicle branding, spoilers or alloy wheels can affect pricing and need to be declared, or drivers could risk invalidating their insurance policy. All drivers must check the complete modifications list and update where appropriate when finalising their details.
Greg Wilson, CEO and car insurance expert at Quotezone.co.uk, said: “At a time when so many are struggling to keep budgets in place, the news that insurance premiums are starting to come down in price comes as much-needed relief.
“Young drivers, in particular, often pay more for their premiums as they have less road experience and are statistically more likely to have an accident. However, it’s great to see these decreases in cost apply to the youngest drivers on the road as well. 17–24-year-olds were paying an average of £2130 in October, versus £1986 in December.
“While we hope the lower insurance premiums highlighted in the final quarter of 2024 continue throughout 2025, we also want to ensure motorists keep their insurance premiums as low as possible.
“It’s essential to raise awareness of the most surprising factors drivers might not know to help keep their costs down. It’s also crucial to ensure drivers are correctly quoted for the necessary policy and against accurate factors such as car use and mileage.
“It could simply be that a driver has moved house or job or hasn’t updated their mileage with their insurance provider. However, many factors can inflate and even invalidate an insurance policy if the details are inaccurate.
“To help keep costs as low as possible and ensure drivers are fully covered if anything were to go wrong – it is important to keep the provider updated and review our tips for areas where savings can be found, such as looking at the day and time to make a purchase.”
Quotezone helps drivers compare and find savings on various car insurance products, such as young drivers, older drivers and modified insurance.