Average cost of UK car insurance rises by one-third in a year, analysis finds

ABI reports annual jump of 157 in first quarter of 2024 but says 1% increase on previous quarter indicates rises are easing

The average price paid for comprehensive motor insurance in the UK was about a third (33%) or 157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British Insurers (ABI).

Based on analysis of policies sold, the typical price paid in the first quarter of 2024 was 635, marking a 1% increase on the previous quarter, the ABI said.