Our latest Quotezone data shows the current average cost of UK car insurance in Q3 of 2024 is £770.78
At Quotezone.co.uk we have used our own internal data to give you up-to-date statistics on UK car insurance prices in 2024.
These are broken down for each UK region and age group, giving you a clear idea of the average premium cost where you live.
This comprehensive car insurance price index gives you insight into statistics and trends for UK-wide car insurance costs between 2023 and 2024.
| Month | Average UK cost of car insurance |
| January | £799.18 |
| February | £817.01 |
| March | £833.72 |
| April | £801.15 |
| May | £800.20 |
| June | £790.37 |
| July | £767.06 |
| August | £746.81 |
| September | £776.02 |
| 2024 to date | £787.90 |
Car insurance costs steadily increased throughout 2023. So if you bought car insurance in December of 2023, you could have paid an average of 43% more than those who renewed their car insurance in January 2023.
However, car insurance costs have fallen for the first time in a year as of Q1 of 2024. The average price of car insurance fell by just under £69, and this trend has continued throughout Q2 and Q3. This is great news for UK drivers who have been struggling with the increasing cost of car insurance.
| Quarter | Average UK car insurance premium |
| Q1 2023 | £621.21 |
| Q2 2023 | £717.24 |
| Q3 2023 | £808.74 |
| Q4 2023 | £885.21 |
| Q1 2024 | £816.64 |
| Q2 2024 | £806.64 |
| Q3 2024 | £770.78 |
As of September 2024, London car insurance is the most expensive across all the UK regions, costing £455 more than the national average of £776.
South West England has the cheapest average car insurance cost at £572. This is £203 cheaper than the current national average.
The region paying premiums that are the closest to the national average is the East Midlands. Here the average premium cost for car insurance is £771 in September 2024.
Reference – Data from Quotezone.co.uk, this data uses a random sample of over 100,000 UK car insurance policies from January – September 2024.
| Region | Average Car Insurance Premium in 2024 to Date | |
| 1 | London | £1,262.75 |
| 2 | West Midlands | £975.39 |
| 3 | North West England | £897.24 |
| 4 | Yorkshire | £853.76 |
| 5 | East Midlands | £790.86 |
| 6 | East of England | £729.69 |
| 7 | South East England | £731.20 |
| 8 | North East England | £697.11 |
| 9 | Wales | £675.07 |
| 10 | Scotland | £654.30 |
| 11 | Northern Ireland | £669.42 |
| 12 | South West England | £586.88 |
The price of UK car insurance has seen slight drops in some places in the UK, with others staying fairly consistent across 2024.
The average overall cost in January stood at £803. While this rose slightly to £830 in March, the average cost of car insurance across all UK regions is now down to £776, in September 2024.
However, our car insurance index stats show costs fell by an average of £33 across all UK regions in Q2 and Q3 of 2024. This is good news if your car insurance renews later in the year.
| 2024 | January | February | March | April | May | June | July | August | September |
| London | £1,282.62 | £1,315.55 | £1,279.04 | £1,228.68 | £1,276.56 | £1,273.69 | £1,242.04 | £1,235.94 | £1,230.63 |
| West Midlands | £989.23 | £986.39 | £998.79 | £967.74 | £988.51 | £963.69 | £968.65 | £937.75 | £977.74 |
| North West England | £899.06 | £926.37 | £955.09 | £901.91 | £906.54 | £893.03 | £869.36 | £852.18 | £871.63 |
| Yorkshire | £859.89 | £885.30 | £910.17 | £859.28 | £853.16 | £841.46 | £839.78 | £804.93 | £829.86 |
| East Midlands | £809.97 | £797.72 | £839.85 | £798.40 | £809.40 | £782.17 | £769.15 | £740.56 | £770.51 |
| East of England | £737.87 | £750.07 | £765.90 | £746.56 | £739.78 | £731.71 | £700.75 | £679.94 | £714.60 |
| South East England | £740.33 | £742.28 | £771.98 | £739.37 | £738.19 | £743.48 | £702.06 | £693.06 | £710.05 |
| North East England | £717.07 | £714.49 | £735.35 | £706.98 | £704.13 | £692.86 | £672.43 | £654.63 | £676.02 |
| Wales | £695.99 | £677.67 | £702.38 | £684.36 | £685.27 | £681.34 | £671.59 | £639.06 | £654.63 |
| Northern Ireland | £662.88 | £687.58 | £680.40 | £681.58 | £665.69 | £667.27 | £647.75 | £641.64 | £673.28 |
| Scotland | £655.40 | £681.62 | £701.81 | £678.73 | £661.86 | £650.87 | £628.90 | £609.04 | £620.51 |
| South West England | £582.92 | £600.03 | £618.09 | £608.28 | £584.36 | £581.92 | £575.77 | £558.58 | £572.01 |
Young drivers have the highest average premiums across every UK region. In London young drivers could expect to pay over 75% more than a motorist aged 45 to 64 in the same area. This means young drivers are forking out £2,714.68 more for car insurance.
This trend is true even for the cheapest regions with young drivers in Northern Ireland paying an average of £1,279.99 more than 45-64 year olds.
| Region | 17-24 | 25-34 | 35-44 | 45-64 | 65+ |
| London | £3,618.17 | £1,849.89 | £1,336.66 | £903.49 | £707.06 |
| North West England | £2,874.26 | £1,498.28 | £1,060.01 | £595.65 | £522.25 |
| Yorkshire | £2,707.80 | £1,450.08 | £1,450.08 | £548.84 | £484.30 |
| West Midlands | £2,783.82 | £1,615.06 | £1,084.47 | £629.66 | £517.21 |
| North East England | £2,331.23 | £1,254.55 | £876.73 | £481.21 | £438.91 |
| East Midlands | £2,388.77 | £1,364.63 | £873.26 | £530.26 | £461.41 |
| South East England | £2,198.77 | £1,217.31 | £835.03 | £525.73 | £482.53 |
| East of England | £2,199.83 | £1,224.28 | £828.81 | £512.83 | £456.57 |
| Scotland | £2,125.55 | £1,086.79 | £746.57 | £467.24 | £436.03 |
| Wales | £2,145.93 | £1,100.04 | £819.87 | £442.87 | £402.31 |
| South West England | £1,857.53 | £997.15 | £702.50 | £414.02 | £403.09 |
| Northern Ireland | £1,747.00 | £828.45 | £613.14 | £467.01 | £501.43 |
The cost of car insurance has seen historic increases in recent years, and premiums rose consistently across 2023. But in 2024, we are starting to see car insurnace premiums drop again.
Our car insurance price index gives the average cost of UK-wide car insurance premiums between January 2023 and September 2024. These are also separated by age group and month to allow consistent comparisons of data over time.
| Age> | 17-24 | 25-34 | 35-44 | 45-64 | 65+ |
| January 2023 | £1,148.98 | £621.03 | £495.92 | £348.87 | £334.35 |
| February 2023 | £1,217.44 | £636.79 | £497.77 | £362.20 | £349.34 |
| March 2023 | £1,361.14 | £684.02 | £528.89 | £375.02 | £356.41 |
| April 2023 | £1,397.93 | £702.93 | £536.27 | £406.30 | £391.45 |
| May 2023 | £1,532.90 | £722.00 | £547.03 | £406.30 | £391.45 |
| June 2023 | £1,572.33 | £738.89 | £577.51 | £426.65 | £408.65 |
| July 2023 | £1,576.04 | £780.77 | £595.80 | £432.43 | £425.86 |
| August 2023 | £1,666.76 | £822.41 | £628.98 | £456.37 | £446.48 |
| September 2023 | £1,829.44 | £857.37 | £666.93 | £477.94 | £467.52 |
| October 2023 | £1,884.28 | £867.33 | £686.85 | £484.64 | £491.91 |
| November 2023 | £1,885.44 | £896.83 | £686.83 | £498.33 | £492.91 |
| December 2023 | £1,840.38 | £906.59 | £692.61 | £483.92 | £479.31 |
| January 2024 | £2,951.58 | £1,584.26 | £1,095.96 | £647.33 | £524.17 |
| February 2024 | £3,055.66 | £1,652.04 | £1,137.59 | £670.80 | £530.38 |
| March 2024 | £3,006.11 | £1,661.88 | £1,137.22 | £685.04 | £535.37 |
| April 2024 | £3,024.19 | £1,617.94 | £1,110.88 | £665.28 | £529.79 |
| May 2024 | £2,901.91 | £1,606.31 | £1,118.03 | £659.40 | £525.78 |
| June 2024 | £2,317.63 | £1,265.60 | £895.60 | £558.30 | £497.79 |
| July 2024 | £2,319.73 | £1,258.77 | £872.99 | £541.13 | £484.94 |
| August 2024 | £2,359.55 | £1,256.69 | £873.41 | £530.42 | £475.47 |
| September 2024 | £2,380.73 | £1,312.92 | £887.64 | £540.83 | £476.77 |
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If you need to get in touch with our press team to discuss this price index or any historical data, please email at press@quotezone.co.uk.
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References
*Quotezone.co.uk – All data shown uses a random sample of over 100,000 UK car insurance policies from January 2023 – September 2024, across all age groups.
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