The average cost of driving for young motorists, aged under 25, has fallen by £678 in the past year, according to the latest Young Drivers research from Compare the Market. The decline in the cost of driving is mainly due to a drop in the average car insurance premium which decreased to £1,437 in March 2025, compared to £2,077 in the same month last … [Read more...]
Compare MOT, servicing, and repair options nationwide
BookMyGarage, the digital car service and repair booking and comparison tool, has launched a new partnership with comparison website Compare the Market. Compare the Market customers will now be able to compare MOT, servicing, and repair options, with access to thousands of garages nationwide. Giles Byford, Director at Compare the Market, commented, “At … [Read more...]
Car insurance premiums slipping down 23%
The average cost of car insurance has declined by £221 (23%) year-on-year, according to new Premium Drivers research from Compare the Market. The average premium fell to £729 in December 2024, compared to £950 in December 2023. It is the cheapest monthly average premium since May 2023 when the average was £718. The drop in average premiums may in part be … [Read more...]
Newslines 24 December
UK car production fell 30.1% in November, the ninth consecutive month of decline, according to the Society of Motor Manufacturers and Traders. Just 64,216 cars rolled off factory lines, 27,711 fewer than in November last year, due to a combination of factors, including strategic product decisions, weakness in key global markets, calendarisation and the … [Read more...]
Newslines 23 December
Lamborghini will postpone its first electric model until 2029, said CEO Stephan Winkelmann. It had planned the release of its first EV in 2028 but the delay comes as the industry grapples with the transition to EVs, although Ferrari will introduce its first EV early next year. The average cost of car insurance for young drivers has fallen by £160 in … [Read more...]
Premium prices slipping back, say Compare the Market
The cost of car insurance has fallen by £72 (-8%) year-on-year, according to new Premium Drivers research from Compare the Market. The average premium declined to £776 in September 2024, compared to £848 in September 2023. August 2024 and September 2024 were the first months where car insurance premiums have been cheaper than the same period in the previous … [Read more...]
Add more for less and get a lower premium
Young motorists aged under 25 could save up to £281 on their car insurance by adding an experienced named driver to their policy, said Compare the Market. It reveals the typical premium for a young driver is £1,859 with an additional named motorist on the policy. Without any other named drivers on the policy, the average premium for a young person is … [Read more...]
Premiums rise & much higher for older drivers
The cost of car insurance has risen by 18% year on year, according to new Premium Drivers research from Compare the Market but older drivers are being priced off the roads. The typical premium stood at £850 in May 2024 after rising by £132 over the previous 12 months. The increase in the cost of car insurance in the past year may in part be due to a rise … [Read more...]
Young drivers hit with premiums over £3,000
The cost of car insurance for a 17-year-old motorist who has just passed their driving test has reached £3,075 on average, according to new research from Compare the Market. This is a substantial £1,071 increase, or 53%, in the typical cost of car insurance for a 17-year-old from last year's £2,004. The average cost of car insurance for a driver with a … [Read more...]
It’s getting cheaper to run an ev
The typical annual running cost for an electric vehicle is now £525 cheaper than a petrol car on average, according to new research from Compare the Market. The research looks at middle-aged drivers aged between 45 and 54 years old as an example to showcase the difference in Electric Vehicle premiums compared to petrol fuelled cars. The research, which … [Read more...]
