Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Monday 15 July 2019 12:01 am  |  Updated:  Sunday 14 July 2019 5:54 pm

More price hikes to come as car insurance premiums climb 3.5 per cent

By: August Graham

Add as a preferred source on Google
SMMT: UK car sales have fallen to their worst level since 2013
MPs have called on the government to replace the current motoring tax to consider electric vehicles.

Car insurance premiums look set to climb further, experts have warned, after a 3.5 per cent price hike last quarter.

It comes as the third price rise in four quarters, meaning the average car insurance price hit £789, up £27.

Read more: Half of motorists think charging loyal car insurance customers more should be illegal

Drivers in inner London faced the biggest hit, with prices rising £61 to £1,214. Prices on the Scottish borders region only increased 0.5 per cent to £582.

“Hikes to insurance premium tax and changes to the personal injury discount rate have been key drivers behind prices fluctuating up and down over the last two years,” said Graham Wright at Willis Towers Watson, which performed the study with Confused.com.

The price increase was spread over all age groups, the study found. Women drivers over 71, whose prices fell in the first quarter, saw an eight per cent rise in the second.

Read more: Watchdog warns general insurers over value for money and high commissions

“Premiums are likely to continue their upward trajectory in 2019,” a statement from the firms said.

The data is gathered through analysing the car prices quoted to nearly 6m customers.

Read more

‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom

LONDON, UNITED KINGDOM - SEPTEMBER 23: Heavy rain clouds pass over Canada skyline on September 23, 2024 in London, United Kingdom. The Met Office has issued amber weather warnings for heavy rain in the Oxford region with yellow warnings stretching from Middlesbrough to the South Coast. (Photo by Dan Kitwood/Getty Images)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • Harry Styles at Wembley Stadium review: running through the grief

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Nothing fails to file accounts months after dissolution threat

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • ‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom

    Insurance
    LONDON, UNITED KINGDOM - SEPTEMBER 23: Heavy rain clouds pass over Canada skyline on September 23, 2024 in London, United Kingdom. The Met Office has issued amber weather warnings for heavy rain in the Oxford region with yellow warnings stretching from Middlesbrough to the South Coast. (Photo by Dan Kitwood/Getty Images)
  • ‘Watershed moment’: EV sales soar as oil price volatility drives away petrol car demand

    Motoring
    Chery Tiggo 4 electric vehicle showcasing sleek design and innovative features in the Chinese automotive market
  • Royal Mail boss pay soars to £7m despite profit slip

    Transport & Infrastructure
    Royal Mail delivery van outside a postal depot, representing the £21m fine by Ofcom for late mail deliveries.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • London house prices fall as Bank of England rate hikes loom over mortgage market 

    Property
    Housing delivery in London is in a major crisis
  • Wimbledon property market drops ball ahead of Grand Slam

    Property
    Wimbledon tennis court with players in action, surrounded by a cheering crowd under clear blue skies
  • ‘Not all sunlit uplands’: Pub bosses weigh in on whether Brexit leaves a bitter taste

    Hospitality
    Tim Martin speaking at a business conference, standing at a podium, discussing economic trends and strategies for growth
  • VW Golf R 2026 long-term review: Final verdict on a classic hot hatch

    Life&Style
    Volkswagen Golf parked on a city street showcasing sleek design and modern features in an urban environment

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy