Drivers in Central and North Wales have had a lucky escape from car insurance price hikes this quarter (Q1 2017), while motorists in South Wales have been hit with increased costs over the last three months.
According to the latest Confused.com car insurance price index, powered by Willis Towers Watson, drivers in Central and North Wales have seen their average premiums reduced by -£13 (-2%) since the last quarter.
But the news isn’t as positive for motorists in South Wales, who are now paying an extra £9 (+1%) more than they were three months ago.
Motorists in the Central and North regions are now paying £619 on average for their car insurance, which is £101 less than those in South Wales, who are currently forking out £720 for their premiums.
While this is still slightly lower than the UK average premium, which now sits at £781, it’s clear there is a significant divide in Wales.
But neither region has escaped price rises entirely when looking at the bigger picture, with both facing annual increases. Drivers in South Wales are now paying £98 (16%) more for their premiums than this time last year while motorists in Central and North Wales have seen prices go up £59 (11%) in 12 months.
However, Central and North Wales has seen the smallest annual increase of any other region, with the average UK premium rising by 16% year-on-year.