Average car insurance cost in UK nears £1,000 after prices rise 58%

Young drivers face huge increases as soaring costs help push up inflation

The average price of car insurance in the UK has broken records to stand at close to 1,000 after price rises of more than 50% last year, according to new data.

Drivers can now expect to pay 995 for their car insurance, on average - the highest price ever in the UK - according to the latest index published by the price comparison website Confused.com.