• Average cost of motor insurance premiums Q3 2021

Try our corporate solution for free!

This statistic displays the average cost of motor insurance premiums in the United Kingdom (UK) from the fourth quarter of 2017 to the third quarter of 2021, by insurance plan cover. As of the third quarter of 2021, the average cost of comprehensive motor insurance was approximately 413 British pounds, around 275 British pounds on average less than third party, fire and theft plans. Third party, fire and theft insurance premiums tend to be higher in general because of the risk associated to the type of driver that buys such cover, which is typically young drivers.

Average cost of motor insurance premiums in the United Kingdom (UK) from the 4th quarter 2017 to 3rd quarter 2021, by cover plan (in GBP)

Characteristic	Full comprehensive	Third party, fire & theft	Third party only
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

July 2021

More information

Region

United Kingdom

Survey time period

Q4 2017 to Q3 2021

Supplementary notes

The source added the following information "All premium price data is based on the median cheapest on-screen price for the given period that customers see when running a quote. Premiums are based on MoneySuperMarket customers only and are not representative of the UK average.

From October (Q4) 2018 onwards the on-screen price also includes add-ons in line with the Insurance Distribution Directive (IDD)."