"The average cost of car insurance in Inner London has fallen by £186 (-14%) in the past 12 months, to now sit at £1,119. Meanwhile, in Outer London, prices are now £917, following a £164 (-15%) decrease year-on-year. That's according to the latest car insurance price index by Confused.com, powered by WTW. Based on more than 6 million quotes over 3 months, it's the most comprehensive new policy car insurance price index in the UK."
"In Inner London, some drivers will be seeing greater savings than the regional average when shopping around. That's as prices in London City, North, South East and South West London all fell by 15% in the past 12 months. This equates to savings of up to £196. Meanwhile, West Central London is the most expensive area in London for car insurance, with average premiums now £1,444. That's despite falling by £193 (-12%) year-on-year."
"In Outer London, drivers in both Romford and Watford are seeing the biggest savings, of -17%, on average. This equates to £200 and £158 less than 12 months ago, respectively. It's a similar picture across the rest of the UK, where the average premium fell by £111 (-13%) to £726. This is the lowest prices have been in more than 2 years."
Average car insurance premiums in Inner London fell by £186 (-14%) to £1,119, while Outer London averages dropped by £164 (-15%) to £917. Prices in London City, North, South East and South West London fell by 15%, equating to savings up to £196. West Central London remains the most expensive area with average premiums of £1,444 despite a £193 (-12%) fall. Drivers in Romford and Watford saw the biggest Outer London reductions (-17%), saving £200 and £158 respectively. The average UK premium fell by £111 (-13%) to £726, the lowest in more than two years. Shopping around 28 days before renewal can save as much as 53% on average. Many drivers face an increase in Vehicle Excise Duty (VED) from April.
Read at London Business News | Londonlovesbusiness.com
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