Car insurance premiums fall

Posted :21-04-2006

Car insurance premiums have fallen in the six months between August 2005 and January 2006, according to the latest research.

The Sainsbury's Bank Car Insurance Index revealed that the average price on premiums fell from £470.17 to £462.15.

However the study found that the savings to be made on car insurance premiums could vary depending on both your age and location.

Motorists over 65 saw the biggest fall in prices, enjoying a 4.5 per cent drop in their car insurance premiums.

Younger drivers unsurprisingly paid more for their car insurance premiums with those motorists under 25 paying an average of £1,048 in January this year - down from £1,091 in August 2005.

On a regional basis, London was predictably the most expensive place to ensure your car while East Anglia held the top spot for the cheapest insurance.

Richard Clark, Sainsbury's spokesman, said: "Competition in the car insurance marketplace is strong so it pays to shop around for cover."


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