Tiger Watch – September 2013 Car Insurance Price Monitor
Tiger.co.uk produces Tiger Watch, the UK's most up to date car insurance price monitor, by looking at hundreds of quotes each month in order to generate a regular overview of trends in the UK car insurance market. Each month a group of car and driver profiles are used to generate quotes and these are amalgamated to create the Tiger Watch data.
The September 2013 Tiger Watch results continue to bring generally good news to the UK's motorists, with insurance pricing 5% below where it was this time last year.
Tiger.co.uk's Commercial Director, Andrew Goulborn, commented on the latest Tiger Watch data: "We've seen car insurance premiums dropping significantly in recent months and September 2013 pricing is 5% down on where it was last September. Indeed, the rates we are now seeing are actually 4.8% down on the prices we recorded in September 2010!".
The Tiger Watch results also show the effect of the implementation of the EU Gender Directive in December last year. Premiums for young female drivers were up approximately 11% and 4.5% year-on-year for 20- and 25-year old women, whilst prices for young male motorists showed decreases of up to 18%.
Tiger.co.uk's spokesman added: "As always, there are winners and losers when it comes to changes in car insurance pricing and young women are continuing to see their rates harden substantially year-on-year. Overall though, rates are dropping and this could lead to more motorists simply accepting their renewal quotes from current insurers. We would always recommend that all drivers shop around at renewal time using a car insurance comparison site like Tiger.co.uk in order to make sure that they always get both the cover they need and the best possible price".