UK Car Insurance Premiums Decrease, Finally

Car cover premiums in UK fall by 2.3% in September, suggests a report by a comparison website, Tiger.

One of UK car insurance websites recently published a report that reveals that the price of car cover fell in September.

As such, estimates by Tiger Watch, price monitor, suggest that prices decreased by 2.3% this month compared to August 2011. On a quarterly basis, the premiums fell by 4.5%.

The bad news is that the prices are still 4.3% higher than at the same time last year.

Commenting on the findings, Andrew Goulborn, commercial director at Tiger, said: "What we are seeing here is a return of relative stability to auto insurance pricing, albeit on the back of a period of substantial inflation. Providers are competing harder for business, resulting in month-on-month deflation for many drivers."

In the opinion of E1buytoletmortgages experts, however, the decline in motor cover premiums, is closely linked to the investigation currently held by the Office of Fair Trading.