Car insurance costs fall 'significantly' by £217 despite young drivers still facing huge bills

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Car insurance costs fall 'significantly' by £217 despite young drivers still facing huge bills.

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Motorists across the UK have been handed a lifeline after research found they are paying far less for car insurance than two years ago, with average premiums falling by £217.New data from Compare the Market found that the typical cost of car insurance has dropped from £810 in June 2024 to £593 in June 2026.This marks a fall of 26 per cent over two years, with prices also lower than last June, when the average premium was £636.

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The latest figures have been seen as welcome news for drivers, particularly as the cost of running a car continues to rise.

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TRENDING Stories Videos Your Say Separate research from Compare the Market found that motorists are now spending around £149 more a year on petrol than they were 12 months ago.

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However, insurance prices remain slightly above their recent low, as the average premium reached £589 in January 2026.

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