Overview

• New data shows the average annual car insurance cost has fallen to £757, down £144 from last year and £238 below its December 2023 peak.
• Motoring experts recommend comparing quotes around three weeks before policy renewal to secure the lowest available rates.
• Adding a named driver—especially a more experienced spouse—can cut average premiums from £853 to as low as £534.
• Accurate mileage declarations and upgraded vehicle security measures contribute to further reductions in insurance costs.
• Significant demographic gaps remain, with 17-to-24-year-olds paying about £828 annually compared with £476 for 25-to-49-year-olds and £339 for drivers over 65.