Premiums for car insurance driven down
Average annual comprehensive insurance in spring (April to June) this year was £797 – a 7.1 per cent dip on the spring 2011 figure, according to a survey by Confused.com and professional services company Towers Watson.
But despite the fall, men on average are still paying £110 more than women on their car insurance.
Biggest winners from the fall in prices are the elderly, with drivers aged 71 or more not only paying the least (£426 a year) but also enjoying the biggest year-on-year dip – 8.8 per cent.
There were also big falls in the amount young drivers have to pay, but at £2,491 the price of comprehensive insurance for a 17-20 is higher than for any other age range.
The price for these novice drivers also varies depending on where they live and what sex they are.