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Evening Standard
Evening Standard
Vicky Shaw

Average cost of motor cover £50 higher than a year earlier

The average price paid for an annual motor insurance policy was £50 higher between July and September than a year earlier, according to the Association of British Insurers (Ben Birchall/PA) - (PA Archive)

The average price paid for an annual motor insurance policy was £50 higher between July and September than a year earlier, but the pace of price rises is slowing, according to figures from the Association of British Insurers.

The average motor insurance premium was £612 between July and September, which was 2% lower than in April to June but 9%, or around £50, higher than in the third quarter of 2023.

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