22 hours Ago By Jack Mortimer
A concerning new study has found that a third of motorists have concerns that they could be priced off the road due to the hefty cost of car insurance . While the cost of car insurance is slowly falling, the mandatory bill is still typically the most costly motoring expense drivers face by a significant margin. Ian Wilson, managing director at the car insurance comparison service Tiger.
co.uk suggested that the the high cost of cover could cause many to think twice about owning a car. He explained: "Motorists have been hammered by the accelerating cost of car insurance over recent years, leaving many people with no choice but to give up on driving completely, as they are being priced out of the market.
"While the average cost of car insurance in the UK has started to decrease slightly – a trend which will hopefully continue throughout 2025 - the reality is that premiums currently remain significantly higher than they were just a few short years ago. When coupled with the soaring costs of running a car such as road tax, repairs and servicing, many drivers are being stretched to the limit financially." Despite a recent drop in prices, Tiger.
co.uk noted that the cost of car insurance skyrocketed by 82 percent between May 2021 and June 2024, with drivers paying an average of £769. According to a survey from the company, 69 percent of Brits stated that they have been forced to change their driving habits in a bid to lower the cost of insurance.
The changes made by the increasing number of frustrated motorists include reducing their mileage, only using their car for social journeys rather than commuting, or only owning one vehicle for the whole family. Nevertheless, Ian highlighted that many motorists are aware of simple tips that can be used to help reduce the cost of future car insurance premiums. He advised: "Additional savings can be made by improving the security of the vehicle by adding a tracker, dash cam or immobiliser, or by parking the vehicle in the garage or driveway overnight.
"By following these tips, drivers can start to find some real savings that will help make the cost of car insurance more manageable." According to Tiger.co.
uk's survey, 80 percent of motorists now shop around for the best deals using a price comparison service before they choose a provider. More than three-quarters of drivers also avoid letting their current insurance provider renew, and many companies offer more attractive prices to tempt customers currently with another company. The company suggested that motorists should also look into improving the security of their vehicle, such as by fitting a tracking device or parking it on a driveway overnight, which can also play a crucial role in keeping insurance costs down.
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