Stability in Car Insurance Prices
Car insurance prices remain relatively steady in November according to independent car insurance comparison site Tiger.co.uk, with premiums less than 1% higher than those recorded a year ago.
Tiger Watch is the UK's most up-to-date car insurance price monitor, produced by independent comparison site Tiger.co.uk. The monitor, published since 2010, provides a snapshot of pricing trends in the car insurance sector, examining thousands of quotes across a range of different driver profiles in order to produce a pricing index.
The site has published its data for November 2013 and, overall, the monitor shows a generally stable market. Although prices are some 1.7% higher than those recorded a month ago, the longer-term view shows an annual increase of just 0.9% - well below the current rate of inflation.
Taking an even longer-term view, Tiger.co.uk's Commercial Director, Andrew Goulborn, commented: "We're seeing a generally flat market for most motorists. Indeed, looking at the three-year trend in November pricing we note that car insurance rates are actually some 1.8% lower than they were in 2010.
However, as ever, we are seeing variations in this by age and gender. We are still seeing the impact of last December's EU Gender Directive coming through in pricing, with some younger female motorists seeing year-on-year increases of up to 25% and their male counterparts benefitting from falling prices, albeit to a lesser degree. We expect these major pricing swings to lessen in severity at the start of 2014".
Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent motor insurance comparison site, offering insurance quotes from over 150 motor insurance brands. Call Connection Ltd is authorised and regulated by the Financial Conduct Authority (FCA number 308374).