UK car insurance costs can be steep for most drivers and statistics from Finder.com show the average annual costs per driver amounted to around £484 in the year 2017. This annual cost does show an average rise of 11% for most drivers during the year, even though there’s now a total of almost one million drivers with black boxes installed to follow insurance policy regulations. Finder.com also state that around 3mn UK drivers use dash cams for recording journeys, and up to 4% of UK drivers don’t own any form of motor insurance and drive illegally.
When it comes to number crunching average costs for UK motor insurances, the figures highlight that policy costs have been rising on a year on year basis since 2010. The costs of comprehensive motor insurance premiums have risen by 48% during this period, with third party, fire and theft insurances rising a massive 79%.
When it comes to uninsured drivers, the total of around 1mn has actually halved since 2004. All insured drivers have a proportion of their insurance premiums paid direct to the Motor Insurance Bureau. They operate a scheme to compensate any people injured by drivers that are uninsured or cannot be traced.
In conclusion, shopping around a variety of different sites to compare car insurance prices is critical for any driver looking for the best rates as it’s not always the case that current insurers offer good renewal rates. Insuro provides car insurance comparisons for all drivers and is a useful port of call for sourcing all available premiums on one site.