Leading car insurance comparison
site Tiger.co.uk analyses hundreds of motor insurance quotations each month in order to provide industry observers and motorists with the UK’s most up to date overview of market trends.
Tiger Watch is produced each month and can also provide annual and quarterly market overviews. Premiums for 2012 are estimated to be 3.25% lower than prices quoted last year, providing welcome relief for the UK’s financially-pressed drivers. With 2011 prices having rocketed by 16.5% compared to those recorded in 2010, the brakes have been well and truly applied to motor insurance prices.
Looking at pricing by quarter, the chart above shows data from 2010 to 2012 and pricing in the latest quarter is the lowest seen for over two years.
Andrew Goulborn, Tiger.co.uk’s Commercial Director, commented on the latest figures: “This year we have seen an overall drop in car insurance
premiums that should benefit most of Britain’s motorists. A 3.2% decrease in premiums, in real terms, comes after the massive inflation seen from in 2010 and 2011. Insurance providers are competing hard for business, with December 2012 prices down about 6.6% compared to a year ago. Good news for most drivers.
However, as with any averages, there are winners and losers. Young women drivers in particular have not enjoyed the decrease in pricing seen by others, primarily as a result of insurers getting ready up for the implementation of the EU Gender Directive on December 21st. As always, we would encourage all drivers to shop around for the best deals using Tiger.co.uk”.