Motor premiums are rising again after months of decline in the wake of coronavirus travel limits.
Dan Hutson, head of motor insurance, comparethemarket.com, said, “Car insurance premiums are on the rise and have increased by £16 to £714 in September, from August.
“This follows four consecutive months of declining costs leading to premiums reaching the lowest level in four years during August. Premiums are now just £2 lower than the same month a year prior, indicating that the opportunity for cost-savings on car insurance as a result of the coronavirus pandemic may have come to an end, and the need to shop around for savings is greater.”
He added, “Premiums remain highest for younger drivers aged 17-24, who pay an average of £1,152 – a whopping £801 higher than over-65s, the age group who pay the least.
“That said, premiums for 17-24 year olds are still on average £80 lower than a year ago. Drivers in London are paying nearly £30 more to drive now than this time last year, possibly an indication of the greater number of cars on the road as people avoid taking public transport.”
In Wales the average has slightly decreased over 12 months from £605.18 to £594.45, but August to September premiums have risen 4%.
Moneyshake data from the DVLA found that 81,509 offences were committed by 16-25 year olds in the last year.
The research also revealed the top offences were speeding with a huge 60,432 young drivers caught in total in the last year, followed by driving without insurance, with 6,367 drivers caught out.
Of these, 1,182 were repeat offenders within 12 months.