Drivers £56 better off but expert says 'it's not enough'

Drivers £56 better off but expert says 'it's not enough' View Image

The average motor premium has fallen by £56 over the past year, according to data from the Association of British Insurers (ABI). Between July and September, the average motor insurance premium was £551 – £13 lower than the previous quarter and £56 lower than the same period in 2024.

The ABI’s motor insurance premium tracker is based on prices paid by motorists rather than quotes and analyses nearly 28 million policies sold per year. Motor insurance premiums have fallen each quarter so far in 2025, both on a quarterly and an annual basis.

Although premiums have eased from their peak, claims pressures remain, the ABI said, with its members paying out £3 billion in car insurance claims during the third quarter of the ye