Vehicle insurance premiums fall for third quarter in a row

Image conscious Samantha Cowan says displaying her dashcam encourages others to drive more safely

These were first introduced in the 2015 Autumn Budget. A higher number of motoring convictions and bigger, faster cars means men on average pay £95 more than women.

Unveiling a new civil liability bill in March, the Minister of Justice said it would set a fixed amount of compensation for whiplash claims and require medical evidence before such claims can be settled.

The discount - or Ogden - rate is created to compensate insurers for the cost of long-term injury claims.

Unless motorists take the time to shop around, it appears any savings aren't being passed on at renewal time with many insurers blatantly increasing premiums for no obvious reason.

That is according to research by, which said the lower prices reflect an optimistic outlook for insurers following changes to the discount rate and a crackdown on whiplash claims.

The Ogden rate is a formula used to calculate compensation for accidents, and a new rate proposed by the government a year ago sparked outrage among insurers and threats of huge premium increases.

European Union gender rules stop insurers from assess drivers based on their gender, but there are other risk factors which cause men to have higher premiums.

However, typically women drive smaller, less expensive cars which contributes to the overall cost of insurance.

That downward trend is expected to continue, with prices falling a further 7% in the first three months of 2018, according to the latest Car Insurance Price Index.

The average male driver between 17 and 20 pays on average £2,348 per year, compared to just £1,699 for women of the same age. also carried out a survey of 2,000 drivers and found that loyalty did not pay as those who stayed with the same insurer and renewed their auto insurance between January and March this year saw their premiums go up by £45 on average.

Welsh motorists also saw a 2% rise, with those living in Central and Northern Wales now paying £629 on average. Motorists in inner London have seen the biggest fall, down 6%, although they still pay the highest premiums at more than £1,000 a year on average.



Latest news

Man City One Win Away From Title After Defeating Spurs
But speaking after the game against Spurs at Wembley, the winger revealed that he is unconcerned about his recent misses. A hard trip to Wembley Stadium lay ahead on Saturday night for Pep Guardiola's stars, but normal service resumed.

Congress must sack leader for statement on Kathua probe - BJP
Mahadevappa, who wanted to contest from another seat, will now have to contest from T Narsipurelection: 15 women in Congress list. The party is yet to announce its candidates for the Sindagi, Kittur, Nagathana, Melukote, Raichur and Shantinagar assembly seats.

Sensex, Nifty End Higher For Eighth Day
On the NSE, the top gainers were Cipla, Grasim Industries and Lupin, while the top losers were Tata Motors, Infosys and Vedanta. Among BSE sectoral indices, IT index fell the most by 1.03%, followed by TECk 0.9%, oil & gas 0.6% and consumer durables 0.3%.

Sonam Kapoor to Get Married on 6th of May in Mumbai
This is going to Farah Khan's wedding gift for the bride and we must that bride-to-be must be in love with it. It might be a wedding of a star, but for the family, it will be their daughter's wedding.

Police Responding to 'Ongoing Situation' at Lee Correctional Institution
Emergency services from several SC counties responded to the "mass casualty incident", Lee County Fire wrote in a tweet . According to the agency, all staff and responding law enforcement officers were "safe and accounted for".

Other news