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Test Young motorists paying less for monthly premiums – But it’s costing them

11/06/2026

Young man and woman reviewing their finances, laptop and paperwork visible on the table, man on the phone discussing.
Greg Wilson

Reviewed by: Greg Wilson
Founder & Insurance Expert

Written by: Katie Gawley
Insurance Content Writer

Fact-checked by: Quotezone Editorial Team

This content follows our Editorial Guidelines

Last Updated: June 2026
Read time: 14 min

Young drivers across the UK are paying over a third less to spread the cost of their car insurance than they were two years ago – but many are still paying more than they need to by choosing monthly payments over paying annually.

That’s according to the latest data from the car insurance experts at Quotezone, who analysed the cost difference between monthly and annual premiums for drivers of all ages over the last two years – with the biggest change felt by the youngest motorists, who typically pay the most for young driver car insurance.

In short: Young drivers (aged 17–24) have seen the cost of spreading their car insurance fall sharply – from about £242 extra a year in early 2024 to around £112 now, a 36.6% drop. But for young drivers and everyone else, paying monthly still costs more than paying annually: about 9.6% more on average. Paying in one go remains the cheaper option.

Is it cheaper for young drivers to pay car insurance monthly or annually?

Paying annually is cheaper – for young drivers and everyone else. Paying monthly is a credit agreement, so you repay the premium plus interest, which makes the yearly total higher than paying in one go.

Young drivers feel this most because they pay the highest premiums to begin with, so the same percentage gap costs them more in pounds. Across all ages, Quotezone data shows the average difference between monthly and annual has fallen from 12% in 2024 to around 9.6% now – following an FCA review of premium finance that has saved motorists around £157 million.

How much more do young drivers pay to spread the cost?

In 2024, drivers aged 17–24 paid a monthly total of around £2,152 across the year, compared with £1,908 to pay annually – about £242 extra. By early 2026 the annual cost had dropped to £1,238 and the monthly total to £1,363, narrowing the gap to roughly £112. The table below shows the overall trend.

PeriodAnnual total premium costMonthly total premium costDifference £Difference %
Q1 20241908.552152.54241.7612.41
Q1 20251369.051512.82143.3610.41
Q1 20261238.31363.16111.619.64
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Many drivers underestimate the gap. Quotezone survey data found that 51% don’t know how much extra they pay to spread the cost, and only 35% correctly identified the typical 9–12% increase.

Why are young drivers paying less than they used to?

Premiums for spreading the cost have fallen fastest for the youngest drivers. The 36.6% drop in their monthly total over two years partly reflects lower premiums overall, and partly the FCA’s review of premium finance, which has pushed down the charges insurers add for paying monthly.

“It’s good news that prices for spreading out that cost are coming down, and for some age groups, particularly those in the 17–24 age bracket, the cost difference is significant. In the last two years alone, young motorists are paying on average £130 a year less. That’s a big saving for such a cash-strapped age group.”

Greg Wilson, CEO and car insurance expert at Quotezone

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What do drivers think about paying monthly?

Many feel the system is unfair to those who can’t pay upfront – often younger, cash-strapped drivers. In Quotezone’s survey, 53% said it’s not fair that people who can’t afford to pay annually are charged more, and over half were unaware of how much extra monthly payments cost.

How young drivers can avoid paying more when paying monthly

If you need to spread the cost, a few simple steps can reduce what you pay overall:

  • Pay annually if you can – it avoids the interest charged on monthly instalments. If a lump sum is out of reach, ask a parent about helping with the upfront cost, or compare no-deposit car insurance to avoid a large payment upfront.
  • Double-check your quote details before you buy. Errors on things like marital status, job title or the number of children can quietly push the price up.
  • Consider a 0% purchase credit card to pay the annual premium, then repay it monthly – but only if you can clear the balance within the interest-free period, as charges usually apply afterwards.
  • If a poor credit history is pushing your price up, compare car insurance for bad credit alongside different payment options.
  • Compare quotes at renewal rather than letting the policy roll over, so you can see how much you could save by switching payment method or insurer.

As Greg Wilson puts it: “There are always savings to be had when taking out car insurance, and sometimes it’s the basics that offer the most potential, such as always double checking the form before submitting.”

Young drivers and paying monthly: common questions

Is it cheaper for young drivers to pay car insurance monthly or annually?

Paying annually is cheaper – for young drivers and everyone else. Quotezone data shows paying monthly currently adds around 9.6% to the total cost, down from 12.4% in early 2024. For a 17–24 driver that worked out at roughly £112 extra over the year in early 2026.

How much have young drivers’ monthly costs fallen?

A lot. In 2024, drivers aged 17–24 paid a monthly total of around £2,152 across the year; by early 2026 that had dropped to about £1,363 – a 36.6% fall in two years, or roughly £130 a year less (Quotezone data, 2026).

Do you pay interest when you pay car insurance monthly?

Usually, yes. Paying monthly is a credit agreement, known as premium finance, so you repay the premium plus interest (APR). The FCA found most drivers pay around 9–12% more to spread the cost, though charges have been falling.

Can you pay car insurance monthly?

Yes. Most UK insurers let you spread the cost over monthly instalments instead of paying in one go. It is set up as a credit agreement, so you usually pay interest on top of the premium. If you only need cover briefly, short-term car insurance works differently and is bought by the day, week or month.

Is car insurance usually paid monthly or yearly?

You can choose either. Paying yearly costs less overall because there is no interest, while paying monthly spreads the cost but adds a finance charge.

Can I cancel my car insurance if I pay monthly?

Yes. You can cancel a monthly policy, but you may pay a cancellation fee and will normally need to settle any outstanding balance on the finance agreement. Check your policy terms first.

Why is paying monthly more expensive?

Because paying monthly is effectively a loan. The insurer or a finance provider covers the annual cost upfront and you repay it in instalments with interest, so the total is higher than paying in full.

How can young drivers avoid paying interest on car insurance?

The simplest way is to pay annually if you can. Some drivers instead use a 0% purchase credit card to pay the annual premium and spread repayments interest-free – but only if they can clear the balance within the 0% period.

Does paying for car insurance monthly affect my credit score?

It can. Premium finance is a credit agreement, so the provider may run a credit check when you apply, and missed payments could affect your credit file.

Full research data: monthly versus annual premiums

The full Quotezone analysis below breaks down the cost difference between monthly and annual premiums by age group, region and other factors – including the 17–24 figures behind the headline.

Age group per region – monthly vs annual

PERIODAGE_GROUPUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 202417-24London2887.173239.22365.4712.41
Q1 202417-24West Midlands2370.952680.64300.6312.41
Q1 202417-24Northern Ireland1364.181539.65171.9813.72
Q1 202417-24Yorkshire2364.42670.76298.7412.41
Q1 202417-24North West England2396.742710.46303.7812.41
Q1 202417-24East Midlands2072.342353.13268.0212.41
Q1 202417-24East of England2030.712305.53262.4512.41
Q1 202417-24South East England2001.562260.16257.6312.41
Q1 202417-24North East England2114.022402.39273.312.41
Q1 202417-24Scotland1962.022216.04254.7412.41
Q1 202417-24Wales1795.122025.84232.4812.41
Q1 202417-24South West England1638.031844.22201.2312.41
Q1 202425-34London1785.752028.36237.7212.75
Q1 202425-34West Midlands1434.31627.14191.7312.75
Q1 202425-34Northern Ireland772.56872.8100.2313.82
Q1 202425-34Yorkshire1288.471458.54173.3112.75
Q1 202425-34North West England1414.871603.04190.1212.75
Q1 202425-34East Midlands1175.521327.42157.5212.75
Q1 202425-34East of England1152.521299.93152.2412.75
Q1 202425-34South East England1108.471262.7146.5712.6
Q1 202425-34North East England1146.51316.83154.1712.75
Q1 202425-34Scotland1022.891153.33136.6812.6
Q1 202425-34Wales977.681102.22131.1912.41
Q1 202425-34South West England915.321037.24122.9912.61
Q1 202435-44London1207.111367.19157.9912.44
Q1 202435-44West Midlands971.951102.98129.4212.59
Q1 202435-44Northern Ireland570.34644.1874.7813.73
Q1 202435-44Yorkshire900.771024.19120.6812.41
Q1 202435-44North West England967.761099.16127.2812.41
Q1 202435-44East Midlands802.9913.96107.7112.41
Q1 202435-44East of England784.02879.89103.2712.41
Q1 202435-44South East England761.96859.46101.2412.41
Q1 202435-44North East England778.58880.5102.3212.41
Q1 202435-44Scotland723.39818.7597.0912.41
Q1 202435-44Wales707.84794.8496.0412.41
Q1 202435-44South West England622.35706.4283.712.41
Q1 202445-64London814.8920.24106.3912.41
Q1 202445-64West Midlands635.92717.9484.1812.41
Q1 202445-64Northern Ireland453.25511.4258.8112.41
Q1 202445-64Yorkshire549.72622.975.2612.41
Q1 202445-64North West England589.6668.4878.1912.41
Q1 202445-64East Midlands530.68602.0371.1412.41
Q1 202445-64East of England525.38591.0870.6512.41
Q1 202445-64South East England529.94599.3870.5312.41
Q1 202445-64North East England477.14541.764.2912.41
Q1 202445-64Scotland488.22546.7863.9412.41
Q1 202445-64Wales453.06516.1461.1412.41
Q1 202445-64South West England435.11492.7757.812.41
Q1 202465+London662.55740.4882.0412.41
Q1 202465+West Midlands535.03602.0469.112.41
Q1 202465+Northern Ireland486.87548.9364.3113.83
Q1 202465+Yorkshire502.88565.7264.8912.41
Q1 202465+North West England537.24602.7468.2212.41
Q1 202465+East Midlands501.54560.5563.9312.41
Q1 202465+East of England502.6565.7262.4712.41
Q1 202465+South East England503.42563.9561.5112.41
Q1 202465+North East England469.48528.9461.8812.41
Q1 202465+Scotland461.96518.0657.5612.41
Q1 202465+Wales425.28479.254.812.41
Q1 202465+South West England432.46483.5753.0912.31
Q1 202517-24London2269.342511.35241.9310.41
Q1 202517-24West Midlands1761.921943.02185.7810.41
Q1 202517-24Northern Ireland1076.721188.53112.0310.41
Q1 202517-24Yorkshire1606.931781.97170.4110.41
Q1 202517-24North West England1686.81864.99177.3610.41
Q1 202517-24East Midlands1457.481610.13153.8110.41
Q1 202517-24East of England1370.881524.66147.8610.41
Q1 202517-24South East England1432.761584.31152.1210.41
Q1 202517-24North East England1357.61518.9145.7910.41
Q1 202517-24Scotland1325.641482.88140.1910.41
Q1 202517-24Wales1203.621331.52132.0210.41
Q1 202517-24South West England1199.791320.53128.3910.41
Q1 202525-34London1523.881692.56172.9810.41
Q1 202525-34West Midlands1349.271504.61151.4210.41
Q1 202525-34Northern Ireland682.17751.3969.1610.41
Q1 202525-34Yorkshire1142.671264.65123.810.41
Q1 202525-34North West England1195.91339.37132.4610.41
Q1 202525-34East Midlands1081.361204.03116.5810.41
Q1 202525-34East of England1009.641115.58107.6910.41
Q1 202525-34South East England971.041077.65104.0410.41
Q1 202525-34North East England1028.031135.95110.1710.41
Q1 202525-34Scotland942.911045.82103.6910.41
Q1 202525-34Wales919.561021.7499.110.41
Q1 202525-34South West England821.46913.5587.0210.41
Q1 202535-44London1025.931142.18112.0110.41
Q1 202535-44West Midlands874.03969.4292.2610.41
Q1 202535-44Northern Ireland527.64582.5555.8810.41
Q1 202535-44Yorkshire774.22856.9682.8210.41
Q1 202535-44North West England821.77910.7686.8610.41
Q1 202535-44East Midlands696.14771.3274.5110.41
Q1 202535-44East of England665.71736.172.1710.41
Q1 202535-44South East England708.03779.8873.8210.41
Q1 202535-44North East England691.57768.6374.9810.41
Q1 202535-44Scotland649.78719.1869.4210.41
Q1 202535-44Wales642.69712.6667.5110.41
Q1 202535-44South West England563.05622.9860.3810.41
Q1 202545-64London724.73803.5676.8310.41
Q1 202545-64West Midlands542.24600.4557.9710.41
Q1 202545-64Northern Ireland463.32514.7950.8710.41
Q1 202545-64Yorkshire500.28552.3553.3210.41
Q1 202545-64North West England517.79572.5654.9110.41
Q1 202545-64East Midlands492.02547.8952.5410.41
Q1 202545-64East of England476.64526.1250.9110.41
Q1 202545-64South East England486.26538.7652.0710.41
Q1 202545-64North East England439.08483.6247.8310.41
Q1 202545-64Scotland432.45477.4147.110.41
Q1 202545-64Wales404.11446.0843.2710.41
Q1 202545-64South West England399.73440.7643.210.41
Q1 202565+London591.94652.8461.0410.41
Q1 202565+West Midlands462.72509.7949.3310.41
Q1 202565+Northern Ireland483.86540.6654.9111.64
Q1 202565+Yorkshire430.74475.5645.1910.41
Q1 202565+North West England465.6514.3548.3910.41
Q1 202565+East Midlands404.52444.4642.5910.41
Q1 202565+East of England412.98460.4343.3110.41
Q1 202565+South East England433.38478.0744.4610.41
Q1 202565+North East England398.37441.0341.5410.41
Q1 202565+Scotland387.95427.6539.8610.41
Q1 202565+Wales365.96399.636.6510.41
Q1 202565+South West England375.94413.4839.2710.41
Q1 202617-24London1882.032063.82172.929.64
Q1 202617-24West Midlands1587.361763.92149.439.64
Q1 202617-24Northern Ireland991.261089.898.899.64
Q1 202617-24Yorkshire1517.721674.75140.139.64
Q1 202617-24North West England1512.61671.98134.219.64
Q1 202617-24East Midlands1318.41455.22113.389.64
Q1 202617-24East of England1314.131445.85113.819.64
Q1 202617-24South East England1149.321265.9899.719.64
Q1 202617-24North East England1373.811535.63124.439.64
Q1 202617-24Scotland1282.811415.89115.479.64
Q1 202617-24Wales1248.991381.86105.549.64
Q1 202617-24South West England1051.871151.2483.869.64
Q1 202625-34London1173.741306.34113.59.64
Q1 202625-34West Midlands1090.891203.82103.079.64
Q1 202625-34Northern Ireland718.41791.7771.189.64
Q1 202625-34Yorkshire1022.071122.1894.729.66
Q1 202625-34North West England1030.671131.0596.589.64
Q1 202625-34East Midlands919.341010.8481.19.64
Q1 202625-34East of England885.05971.179.269.64
Q1 202625-34South East England841.95924.673.69.64
Q1 202625-34North East England960.681058.7789.619.78
Q1 202625-34Scotland919.341013.7384.079.64
Q1 202625-34Wales786.48863.2573.379.64
Q1 202625-34South West England716.9783.6966.769.64
Q1 202635-44London826.67906.0277.69.64
Q1 202635-44West Midlands753.17827.1271.639.64
Q1 202635-44Northern Ireland543.16596.1953.459.64
Q1 202635-44Yorkshire683.26753.5163.299.64
Q1 202635-44North West England713.32781.5665.829.64
Q1 202635-44East Midlands636.92695.2459.089.64
Q1 202635-44East of England629.24684.2458.559.64
Q1 202635-44South East England609.92666.956.689.64
Q1 202635-44North East England603.95664.2958.779.64
Q1 202635-44Scotland633.44691.1460.129.64
Q1 202635-44Wales572.86626.7754.989.64
Q1 202635-44South West England526.04576.5851.379.64
Q1 202645-64London616.89674.7857.69.64
Q1 202645-64West Midlands503.58552.0948.129.64
Q1 202645-64Northern Ireland475.91523.2546.569.64
Q1 202645-64Yorkshire453.53496.5542.389.64
Q1 202645-64North West England479.2524.5845.39.64
Q1 202645-64East Midlands434.72472.0340.919.64
Q1 202645-64East of England435.96475.540.79.64
Q1 202645-64South East England449.52491.9442.489.64
Q1 202645-64North East England381.04417.835.59.64
Q1 202645-64Scotland408.98449.2938.959.64
Q1 202645-64Wales357.11390.5333.379.64
Q1 202645-64South West England352.84384.7631.369.64
Q1 202665+London531.87580.6248.79.64
Q1 202665+West Midlands414.1450.6635.889.16
Q1 202665+Northern Ireland489.8537.147.779.64
Q1 202665+Yorkshire382.96417.0933.49.16
Q1 202665+North West England403.1439.5134.839.16
Q1 202665+East Midlands378.76412.5131.959.16
Q1 202665+East of England376.68409.7632.679.16
Q1 202665+South East England386.71420.38349.16
Q1 202665+North East England349.76380.9131.429.17
Q1 202665+Scotland371.07405.87339.17
Q1 202665+Wales322.94350.8927.339.16
Q1 202665+South West England347.74377.5329.749.16
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Full research – all splits

BREAKDOWNPERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
CLAIMSQ1 20240677.3176689.3912.41
CLAIMSQ1 20241829.74934.53107.3212.41
CLAIMSQ1 20250588.17650.3663.4710.41
CLAIMSQ1 20251705.68781.2374.5210.41
CLAIMSQ1 20260542.42594.751.659.64
CLAIMSQ1 20261631.6691.4659.789.64
CONVICTIONSQ1 20240683.2772.0689.8412.41
CONVICTIONSQ1 20241945.321067.2125.3412.75
CONVICTIONSQ1 20250589.3651.7263.4410.41
CONVICTIONSQ1 20251835.4926.5789.8210.41
CONVICTIONSQ1 20260542.34594.751.599.64
CONVICTIONSQ1 20261750.76828.5473.869.64
TYPE_DRIVERS_LICENSEQ1 2024A1390.471576.06180.1912.41
TYPE_DRIVERS_LICENSEQ1 2024E1101.111247.39144.4712.41
TYPE_DRIVERS_LICENSEQ1 2024F676.83765.0789.2212.41
TYPE_DRIVERS_LICENSEQ1 2024M2311.162593.96283.7512.41
TYPE_DRIVERS_LICENSEQ1 2024O2016.232274.72251.8112.29
TYPE_DRIVERS_LICENSEQ1 2024P510.08585.3866.7715.39
TYPE_DRIVERS_LICENSEQ1 2025A1139.281271.52126.4610.41
TYPE_DRIVERS_LICENSEQ1 2025E1154.771277.86118.510.41
TYPE_DRIVERS_LICENSEQ1 2025F576.64637.4961.7210.41
TYPE_DRIVERS_LICENSEQ1 2025M1932.322143.16214.2410.41
TYPE_DRIVERS_LICENSEQ1 2025O1639.321809.93173.2710.41
TYPE_DRIVERS_LICENSEQ1 2025P543.75616.0369.8614.2
TYPE_DRIVERS_LICENSEQ1 2026A999.281099.2598.039.64
TYPE_DRIVERS_LICENSEQ1 2026E1083.991176.7286.389.64
TYPE_DRIVERS_LICENSEQ1 2026F535.44586.750.969.64
TYPE_DRIVERS_LICENSEQ1 2026M2050.232210.6485.229.35
TYPE_DRIVERS_LICENSEQ1 2026O1508.021607.4570.539
TYPE_DRIVERS_LICENSEQ1 2026P460.21523.258.1815.25
MARITAL_STATUSQ1 2024CIVIL PARTNERSHIP1032.661159.9133.3312.59
MARITAL_STATUSQ1 2024COHABITING653.01737.0886.2312.41
MARITAL_STATUSQ1 2024DIVORCED510.93578.4268.5912.41
MARITAL_STATUSQ1 2024MARRIED584.35660.0976.912.41
MARITAL_STATUSQ1 2024SEPARATED606.64685.281.312.41
MARITAL_STATUSQ1 2024SINGLE1013.271145.72132.6712.41
MARITAL_STATUSQ1 2024WIDOWED541.37611.1970.7312.41
MARITAL_STATUSQ1 2025CIVIL PARTNERSHIP989.131097.88103.7910.41
MARITAL_STATUSQ1 2025COHABITING555.6615.1559.2210.41
MARITAL_STATUSQ1 2025DIVORCED480.49533.1452.3610.41
MARITAL_STATUSQ1 2025MARRIED527.64582.5556.3210.41
MARITAL_STATUSQ1 2025SEPARATED533.96592.7656.9910.41
MARITAL_STATUSQ1 2025SINGLE806.8892.7985.510.41
MARITAL_STATUSQ1 2025WIDOWED496.9551.6253.3410.41
MARITAL_STATUSQ1 2026CIVIL PARTNERSHIP766.67843.8872.399.64
MARITAL_STATUSQ1 2026COHABITING518.03568.0550.059.64
MARITAL_STATUSQ1 2026DIVORCED454.37496.0742.669.64
MARITAL_STATUSQ1 2026MARRIED503.56552.0947.359.64
MARITAL_STATUSQ1 2026SEPARATED532.45588.6352.149.64
MARITAL_STATUSQ1 2026SINGLE730.2804.0169.59.64
MARITAL_STATUSQ1 2026WIDOWED470.44512.5942.289.17
CHILDRENQ1 20240654.78738.6685.8412.41
CHILDRENQ1 20241762.1862.43101.4512.41
CHILDRENQ1 20242750.78848.3498.9512.41
CHILDRENQ1 20243834.46942.88109.3812.59
CHILDRENQ1 20244904.131020.12120.8912.75
CHILDRENQ1 202451030.351158.04136.7212.75
CHILDRENQ1 202461102.321229.24134.5312.41
CHILDRENQ1 202471068.941244.76156.9712.68
CHILDRENQ1 202481380.541585.62193.4613.73
CHILDRENQ1 202492055.882317.97262.0912.75
CHILDRENQ1 20250568.09628.4761.5810.41
CHILDRENQ1 20251674.04745.5171.3710.41
CHILDRENQ1 20252647.52715.8268.9310.41
CHILDRENQ1 20253746.01826.9679.2110.41
CHILDRENQ1 20254778.08861.8481.3810.41
CHILDRENQ1 20255892.19999.8693.1110.41
CHILDRENQ1 20256954.361060.8193.8810.41
CHILDRENQ1 20257943.481064.19104.5310.41
CHILDRENQ1 202581079.261215.3136.0412.59
CHILDRENQ1 202591467.721629.13167.1510.41
CHILDRENQ1 20260523.12573.4249.99.64
CHILDRENQ1 20261627.01687.7959.139.64
CHILDRENQ1 20262608.67667.8657.879.64
CHILDRENQ1 20263687.3755.8765.299.64
CHILDRENQ1 20264721.35793.169.389.64
CHILDRENQ1 20265804.98882.1577.039.64
CHILDRENQ1 20266878.55971.6583.639.64
CHILDRENQ1 20267843.2950.7174.919.64
CHILDRENQ1 202681461.941640.94151.8810.08
CHILDRENQ1 202691267.431389.59122.169.64
RESIDENTIAL_STATUSQ1 2024HOME OWNER525.45592.1568.3212.41
RESIDENTIAL_STATUSQ1 2024HOUSING ASSOCIATION769.76872.49103.0112.41
RESIDENTIAL_STATUSQ1 2024LIVING WITH PARENTS1474.681667.15188.2712.41
RESIDENTIAL_STATUSQ1 2024OTHER900.41020.27120.0212.6
RESIDENTIAL_STATUSQ1 2025HOME OWNER486.64538.0451.6910.41
RESIDENTIAL_STATUSQ1 2025HOUSING ASSOCIATION648.1716.9769.2110.41
RESIDENTIAL_STATUSQ1 2025LIVING WITH PARENTS1035.661146.99109.2310.41
RESIDENTIAL_STATUSQ1 2025OTHER836.35927.0389.610.41
RESIDENTIAL_STATUSQ1 2026HOME OWNER456.8499.9442.669.64
RESIDENTIAL_STATUSQ1 2026HOUSING ASSOCIATION618.15678.859.789.64
RESIDENTIAL_STATUSQ1 2026LIVING WITH PARENTS929.41030.2688.489.64
RESIDENTIAL_STATUSQ1 2026OTHER750.62825.2369.89.64
DRIVERS_INSUREDQ1 20241747.82846.5998.5612.41
DRIVERS_INSUREDQ1 20242608.98687.679.5212.41
DRIVERS_INSUREDQ1 20243893.841006.98112.7512.41
DRIVERS_INSUREDQ1 20244715.86807.288.2712.41
DRIVERS_INSUREDQ1 202451312.081463.15159.2713.82
DRIVERS_INSUREDQ1 20251649.22718.3369.3410.41
DRIVERS_INSUREDQ1 20252527.64584.757.1310.41
DRIVERS_INSUREDQ1 20253715.83792.8675.0610.41
DRIVERS_INSUREDQ1 20254656.98724.2166.4410.41
DRIVERS_INSUREDQ1 202551018.431101.4986.0910.97
DRIVERS_INSUREDQ1 20261589.92646.5255.889.64
DRIVERS_INSUREDQ1 20262503.9552.3848.339.64
DRIVERS_INSUREDQ1 20263648.33712.7361.529.64
DRIVERS_INSUREDQ1 20264595.02652.3355.669.64
DRIVERS_INSUREDQ1 20265739.31838.5657.979.16
VEHICLE_USAGEQ1 2024BUSINESS FOR ALL DRIVERS720.11807.390.0212.41
VEHICLE_USAGEQ1 2024BUSINESS FOR INSURER623.62705.3681.7312.41
VEHICLE_USAGEQ1 2024BUSINESS FOR INSURER AND SPOUSE544.06612.568.8212.41
VEHICLE_USAGEQ1 2024BUSINESS FOR SPOUSE536.72604.5368.1712.41
VEHICLE_USAGEQ1 2024COMMERCIAL TRAVELLING1780.622028.98251.2312.75
VEHICLE_USAGEQ1 2024SOCIAL653.22737.3385.1412.41
VEHICLE_USAGEQ1 2024SOCIAL, COMMUTING746.14844.4998.4412.41
VEHICLE_USAGEQ1 2025BUSINESS FOR ALL DRIVERS699.37775.4372.9510.41
VEHICLE_USAGEQ1 2025BUSINESS FOR INSURER551.72609.1458.5810.41
VEHICLE_USAGEQ1 2025BUSINESS FOR INSURER AND SPOUSE513.21568.2754.7310.41
VEHICLE_USAGEQ1 2025BUSINESS FOR SPOUSE500.28549.2653.4910.41
VEHICLE_USAGEQ1 2025COMMERCIAL TRAVELLING1659.381893.1211.1212.75
VEHICLE_USAGEQ1 2025SOCIAL563.72624.8160.7610.41
VEHICLE_USAGEQ1 2025SOCIAL, COMMUTING641.16709.0868.4910.41
VEHICLE_USAGEQ1 2026BUSINESS FOR ALL DRIVERS620.45680.2657.489.64
VEHICLE_USAGEQ1 2026BUSINESS FOR INSURER537.37589.151.149.64
VEHICLE_USAGEQ1 2026BUSINESS FOR INSURER AND SPOUSE493.44540.3446.489.64
VEHICLE_USAGEQ1 2026BUSINESS FOR SPOUSE489.88536.7146.429.64
VEHICLE_USAGEQ1 2026COMMERCIAL TRAVELLING1535.81714.52173.0312.69
VEHICLE_USAGEQ1 2026SOCIAL517.02567.1548.969.64
VEHICLE_USAGEQ1 2026SOCIAL, COMMUTING588.92645.5355.99.64
PROPOSER_AGE_GROUPQ1 202417-241908.552152.54241.7612.41
PROPOSER_AGE_GROUPQ1 202425-341079.81223.82144.0512.75
PROPOSER_AGE_GROUPQ1 202435-44748.32847.1799.2212.41
PROPOSER_AGE_GROUPQ1 202445-64522.52590.4569.4412.41
PROPOSER_AGE_GROUPQ1 202465+502.2565.3464.1612.41
PROPOSER_AGE_GROUPQ1 202517-241369.051512.82143.3610.41
PROPOSER_AGE_GROUPQ1 202525-34959.311063.46101.3610.41
PROPOSER_AGE_GROUPQ1 202535-44667.87739.4970.8410.41
PROPOSER_AGE_GROUPQ1 202545-64490.12542.7552.6310.41
PROPOSER_AGE_GROUPQ1 202565+444.84492.5947.810.41
PROPOSER_AGE_GROUPQ1 202617-241238.31363.16111.619.64
PROPOSER_AGE_GROUPQ1 202625-34877.4966.7781.969.64
PROPOSER_AGE_GROUPQ1 202635-44631.62692.159.679.64
PROPOSER_AGE_GROUPQ1 202645-64473.86520.0945.769.64
PROPOSER_AGE_GROUPQ1 202665+407.59444.736.429.17
AGE_GROUPQ1 202417-241908.552152.54241.7612.41
AGE_GROUPQ1 202425-341079.81223.82144.0512.75
AGE_GROUPQ1 202435-44748.32847.1799.2212.41
AGE_GROUPQ1 202445-64522.52590.4569.4412.41
AGE_GROUPQ1 202465+502.2565.3464.1612.41
AGE_GROUPQ1 202517-241369.051512.82143.3610.41
AGE_GROUPQ1 202525-34959.311063.46101.3610.41
AGE_GROUPQ1 202535-44667.87739.4970.8410.41
AGE_GROUPQ1 202545-64490.12542.7552.6310.41
AGE_GROUPQ1 202565+444.84492.5947.810.41
AGE_GROUPQ1 202617-241238.31363.16111.619.64
AGE_GROUPQ1 202625-34877.4966.7781.969.64
AGE_GROUPQ1 202635-44631.62692.159.679.64
AGE_GROUPQ1 202645-64473.86520.0945.769.64
AGE_GROUPQ1 202665+407.59444.736.429.17
UK_REGIONQ1 2024London1107.31247.84142.3912.41
UK_REGIONQ1 2024West Midlands914.081034.88120.0212.41
UK_REGIONQ1 2024Northern Ireland567.42641.527513.73
UK_REGIONQ1 2024Yorkshire785.5889.44103.6312.41
UK_REGIONQ1 2024North West England829.75935.16107.4412.41
UK_REGIONQ1 2024East Midlands757.2858.4599.9412.41
UK_REGIONQ1 2024East of England716.87809.8493.7112.41
UK_REGIONQ1 2024South East England702.8792.2492.1512.41
UK_REGIONQ1 2024North East England644.24727.8386.3412.41
UK_REGIONQ1 2024Scotland639.03723.2184.8312.41
UK_REGIONQ1 2024Wales645.38726.5885.0912.41
UK_REGIONQ1 2024South West England572.28644.7675.8912.41
UK_REGIONQ1 2025London963.421067.62103.2210.41
UK_REGIONQ1 2025West Midlands777.54860.3382.3210.41
UK_REGIONQ1 2025Northern Ireland538.8595.2259.6410.41
UK_REGIONQ1 2025Yorkshire639.34706.56710.41
UK_REGIONQ1 2025North West England672.92745.2470.6110.41
UK_REGIONQ1 2025East Midlands619.82686.9465.8610.41
UK_REGIONQ1 2025East of England582.51644.7161.6310.41
UK_REGIONQ1 2025South East England600.97664.7463.1410.41
UK_REGIONQ1 2025North East England527.64582.656.0810.41
UK_REGIONQ1 2025Scotland524.34579.8356.210.41
UK_REGIONQ1 2025Wales529.68584.8655.0910.41
UK_REGIONQ1 2025South West England503.43555.9753.3710.41
UK_REGIONQ1 2026London759.71833.5169.119.64
UK_REGIONQ1 2026West Midlands644.83705.5657.739.64
UK_REGIONQ1 2026Northern Ireland549603.7655.459.64
UK_REGIONQ1 2026Yorkshire553.27605.1551.049.64
UK_REGIONQ1 2026North West England560.03612.1751.329.64
UK_REGIONQ1 2026East Midlands536.88588.1849.769.64
UK_REGIONQ1 2026East of England521.55571.6348.549.64
UK_REGIONQ1 2026South East England517.12565.9448.549.64
UK_REGIONQ1 2026North East England487.13533.3645.699.64
UK_REGIONQ1 2026Scotland505.04554.6148.079.64
UK_REGIONQ1 2026Wales480.73527.0945.549.64
UK_REGIONQ1 2026South West England462.28504.8441.899.64
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Source: Quotezone Index, monthly vs annual premium analysis, 2024–2026. FCA premium finance review: Falling cost of premium finance saving consumers around £157m a year. Headline photo credit: iStock.com / AaronAmat.

This article is intended as generic information only and is not intended to apply to anybody’s specific circumstances, demands or needs. The views expressed are not intended to provide any financial service or to give any recommendation or guidance. Products and services are only mentioned for illustrative rather than promotional purposes.