Insurance Premiums Falling

SAINSBURY'S BANK CAR INSURANCE PREMIUM INDEX

19 April 2006

·         Latest Sainsbury’s Bank Car Insurance Index(1)  reveals that motorists aged over 65 saw the biggest fall (nearly 4. 5%) in car insurance premiums

·         Motorists could save up to £130(2) by switching to Sainsbury’s car insurance

The Sainsbury’s Bank Car Insurance Index(1) which looks at premiums in a six month period reveals that between August 2005 and January 2006, the average car insurance premium fell slightly from £470.17 to £462.15.  However, depending on your age and where you live, premiums may vary more dramatically.

The Index, which tracks car insurance industry premiums for a number of different categories of motorists, reveals(1)  that in January this year the average premium for those under the age of 25 was £1,048, down from £1,091 in August 2005.  The corresponding figures for motorists aged over 65 were £327.13 and £342.49, a fall of nearly 4.5%, which was the highest for any group of motorists. 

On a regional basis, not surprisingly, Londonis the most expensive place in Britainto insure your car, where the average premium in January was £559.31.  This compared to £326.15 in East Anglia, where motorists pay the least for insuring their cars.

East Angliaand the North East were the only areas to see car insurance premiums rise between August 2005 and January 2006, and Scotlandsaw the biggest fall (down ...cont/