Tiger.co.uk Reveal Yearly Drop in Car Insurance Premiums

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The latest car insurance price monitor from Tiger.co.uk shows rates continuing to drop year-on-year, with September 2013 premiums being some 4.8% lower than prices from three years ago.

Yearly Fall In Car Insurance Premiums

Yearly Fall In Car Insurance Premiums

Overall though, rates are dropping year-on-year and this could lead to more drivers just accepting their renewal quotes from current insurers.

Tiger Watch is the UK's most up to date car insurance price monitor, analysing thousands of quotes in order to provide a snapshot of trends in the UK market. Each month, the same bundle of driver and car profiles are used to generate car insurance quotes and these are aggregated to produce the Tiger Watch data.

The September 2013 figures continue to bring generally good news to the UK's cash-strapped motorists, with insurance premiums some 5% below where they were last September.

Tiger.co.uk's spokesman, Andrew Goulborn, commented on the recent data: "We've seen car insurance rates dropping in recent months and September 2013 pricing is almost 5% down on where it was last year. In fact the rates we're seeing now are actually 4.8% down on the prices we recorded three years ago".

The Tiger Watch data also shows the continuing effect of the implementation of the EU Gender Directive at the end of 2012. Prices for the young female driver profiles analysed were up approximately 11% and 4.5% year-on-year for 20- and 25-year old women, whilst prices for young men showed double digit drops.

Tiger.co.uk's Goulborn added: "As ever there are winners and losers when it comes to changes in car insurance pricing this month. Overall though, rates are dropping year-on-year and this could lead to more drivers just accepting their renewal quotes from current insurers. We would always advocate shopping around at renewal using an independent car insurance comparison site such as Tiger.co.uk to make sure that drivers get the cover they need at the best possible price."

About Tiger.co.uk

Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent motor insurance comparison site, offering insurance quotes from over 150 motor insurance brands. Call Connection Ltd is authorised and regulated by the Financial Conduct Authority (FCA number 308374).

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Jo Buck
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