Drivers are now paying £97 less than they were a year ago for comprehensive car insurance, according to the latest Car Insurance Price Index from Confused.com, in association with Willis Towers Watson. It found premiums are now the cheapest they have been since mid-2015.

Stephen Jones, UK property and casualty consulting lead at Willis Towers Watson, said: “The downward trend in prices has continued for four consecutive quarters, driven primarily by the lower exposures and claims experience resulting from the COVID-19 pandemic.

“However, the rate at which prices are falling has slowed in the last three months, explained in part by the increased number of commuters returning to driving since the easing of lockdown rules, UK summer staycations, and other changed driving patterns.

“But of course, any trends here need to be balanced against the expectations around any rate changes which will be required to fulfil the FCA’s price walking ban.”

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