Car insurance premiums ‘going down’

Comparison service Insurancewide.com has released figures for the second quarter of this year, suggesting that prices for car cover policies are on a downward trend.

According to the report, motor insurance policies dropped in price by 4.6 per cent in quarter two.

These figures contradict a recent report from the AA which suggested that premiums increased by 2.5 per cent in the second quarter of this year, but Insurancewide.com claims that the AA index does not include direct insurers.

James Harrison, chief executive of the company, said: "Our motor insurance comparison service has access to all types of rates from almost the entire UK insurance market, all of which we draw from when we guide our customers to the most relevant insurer for their needs.

"The recent fall in average premiums in Q2 reflects the rates of almost every insurer and broker in the UK, including direct insurers such as Swiftcover.com."

According to Insurancewide.com, the average premium for car insurance was £703 in June, compared to £738 in April.

Share.

About Author

Leave A Reply