Tiger.co.uk Reports 8.5% Drop In Car Insurance Prices
Tiger.co.uk has published its March 2014 Tiger Watch results, showing an 8.5% drop in premiums compared to a year ago.
Tiger Watch is the site's own car insurance price monitor, providing the UK's most current overview of pricing trends in the car insurance market. It is derived from the analysis of thousands of car insurance quotes. The premiums recorded in March were 4.7% higher than those of a month ago but the year-on-year trend remains downwards, with UK drivers seeing premiums at levels last seen in the third quarter of 2010.
The study shows that it is younger motorists who are seeing the biggest fall in car insurance rates, with 20 year olds of both genders seeing prices down by around 14% compared to a year ago.
Commenting on the latest Tiger Watch data, Andrew Goulborn, Tiger.co.uk's Commercial Director, said: "We're again seeing annual falls in car insurance rates for most drivers and this is great news. Younger motorists in particular are seeing premiums falling and at least some of this is attributable to the growth in the popularity of telematics insurance products. These "pay how you drive" policies can provide really good value to younger drivers which is why we offer such a wide range of them on our comparison site. As ever we would recommend that all drivers shop around for their car insurance to make sure that the right level of cover is secured as well as a great price".Andrew