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Daily Insurance Industry News
Saturday 21st of July 2018
November 16, 2012

Car insurance prices up 1.8% in November

by Richard Kilner

Story link: Car insurance prices up 1.8% in November

Car insurance comparison website Tiger.co.uk’s latest monthly price monitor, Tiger Watch, has revealed that car insurance prices have increased by 1.8% month-on-month.

However, year-on-year prices have declined by an average of 5.4%.

There is a clear age divide, with older motorists benefiting by prices that have fallen by up to 10%.

At the same time younger drivers are seeing far smalle reductions, with female drivers of around 20 years old seeing prices drop by just 0.3%, and male drivers seeing prices rise by 1.6%.

This December the EU Gender Directive comes into effect, with Andrew Goulborn, Tiger.co.uk’s Commercial Director, stating that the traditional gender gap in insurance costs has been narrowing in recent months.

Earlier this month research from uSwitch found that 24% of female motorists could be priced off the road once the EU Directive comes into effect.

 

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