Average cost of motor insurance in Great Britain 2020, by region

This statistic displays the average cost of the five cheapest motor insurance premiums in Great Britain (GB) as of May 2020, by region. In London and North West, which were the regions with the highest average motor insurance premiums, customers had to pay more than one thousand British pounds. In contrast, in Scotland, average motor insurance premiums were 543 British pounds, almost three times lower than in London.

Average cost of the five cheapest motor insurance premiums in Great Britain (GB) as of May 2020, by region

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Source

Release date

June 2020

Region

United Kingdom (Great Britain)

Survey time period

May 2020

Supplementary notes

The source adds the following information: "The Consumer Intelligence Car Insurance Price Index is the independent authoritative source of price movements in the car insurance market, compiled using real customer quotes from price comparison websites (PCWs) and key direct providers."

"The cheapest premiums were calculated by comparing the prices offered for 3,600 people by all the major Price Comparison Sites and key direct insurers. The top 5 prices for each person were compared to the previous month’s top 5, then these variations averaged to produce the index."

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Statistics on "Motor insurance in the UK"

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