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Cheaper car insurance data revealed

Cheaper car insurance data revealed Image

Car insurance has become cheaper over recent months, but male drivers are still paying considerably more than women, new research has found.

A year's comprehensive car insurance policy cost an average of 797 in spring (April to June), which represents a 7.1% fall on the figure for the same period last year, according to the survey by Confused.com and professional services firm Towers Watson.

Men pay on average 110 more than women, the data showed, while the report also uncovered significant regional variations in the cost of car insurance.

A male living in Manchester or Merseyside aged between 17 and 20 paid an average price of 5,394, yet a male in Central Scotland in the same age range would pay 2,999.

The study suggested that older drivers saw the biggest falls in the cost of car insurance, with drivers aged 71 or over enjoying the biggest year-on-year reduction of 8.8%.

published: 16/07/2012 17:00:00

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