Sainsburys Bank See Car Insurance Premiums Increasing

Sainsburys Bank car insurance index has shown average year on year increases of almost 5.25 percent. In December 2007 the average cost of car insurance was just over GBP497, compared with over GBP454 in 2006.

Although car insurance companies often say premiums will cost less as drivers get older this is not borne out by the index, where drivers aged from forty to fifty years old experienced the biggest price rises, averaging at seven percent. The Sainsburys Bank index did show that the younger drivers pay the most though, with the under 25 category seeing an average car insurance premium of GBP1,256.

The often quoted point of women being safer drivers than men has also been supported in the Sainsburys Bank car insurance index, with men paying almost GBP72 per year more than their female counterparts on average.