No motorist likes to see the cost of insuring his or her car rise but unfortunately that is what appears to be happening at the moment based upon information contained in the Car Insurance Price Index. The index is published every 3 months by the above price comparison website.

Although the index relates to car insurance it would not be unreasonable to assume that the cost of courier insurance has also been increasing.

In the first quarter of 2023 the average amount paid for car insurance came to £657 per annum according to the above index. In the fourth quarter of 2022 the average premium amounted to £629 per annum. In the third quarter of last year the average premium totalled £586 per annum. In the second quarter of 2022 the average car insurance premium amounted to £554 per annum.

Those living in Inner London are, on average, paying the most to insure their cars with premiums of £1,067 per annum. That is £203 per annum more than 12 months ago. If you happen to live in Manchester/Merseyside then an average premium of £814 per annum is being charged. That is £117 per annum m ore than a year ago. The cheapest place for car insurance is in the Scottish Borders where premiums averaged £428 per annum – £58 more than a year ago.

How old a motorist is also has a bearing on the cost of car insurance. Younger motorists tend to pay more for their cover as they are usually less experienced drivers than mature individuals and more likely to be involved in road traffic accidents. For instance, an 18 year old pays an average of £1.845 per annum, a 30 year old an average of £886 per annum and a 69 year old an average of £368 per annum.

Another interesting set of statistics surround the gender of a motorist. A male motorist pays an average of £702 per annum but a female driver an average of £583 per annum. One of the reasons why it is cheaper to insure a female driver is that they tend to drive less powerful cars than male drivers and also the amount of their claims tend to be lower than that of males.

If you require a quote for courier cover why not get in contact with us today. We provide access to an extensive panel of reputable insurers so we would hope to assist you in obtaining a competitively priced policy. We look forward to hearing from you.