The latest Confused.com car insurance price index in association with WTW shows that comprehensive car insurance premiums were up by 1% between March and May of this year. The average comprehensive policy now costs £719. On an annualised basis, premiums are still down by 5%.

The data shows that prices peaked at £995 in December 2023 and then fell for nine consecutive quarters before turning in the most recent three-month period. The largest rise was in Northern Ireland where premiums rose by 8% to reach £1,020. The smallest rise was in the West Midlands where an increase of 0.1% took average premiums to £860.

Tim Rourke, EMEA property and casualty leader, insurance consulting and technology, said: “After a prolonged period of price reductions, this latest uptick suggests the market may be
approaching an inflection point. While premiums remain below last year’s levels, underlying
claims cost pressures have not gone away.

“Insurers continue to face repair cost inflation driven by vehicle complexity and supply chain
disruption, as well as continued pressure from credit hire costs. If these cost trends persist,
market profitability will come under even greater strain without premium increases over the
remainder of 2026.”