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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: 13 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 paying the full amount in one go is out of reach, paying monthly is the option that spreads the cost and avoids a large upfront lump sum – and you can compare no-deposit car insurance to keep the initial payment low.
  • 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). Quotezone’s data shows most drivers pay around 9–12% more to spread the cost, though these charges have been falling since the FCA’s review of premium finance.

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 age group figures behind the headline.

Monthly vs annual premiums by age group and region

Drivers aged 17-24

PERIODUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London2887.173239.22365.4712.41
Q1 2024West Midlands2370.952680.64300.6312.41
Q1 2024Northern Ireland1364.181539.65171.9813.72
Q1 2024Yorkshire2364.42670.76298.7412.41
Q1 2024North West England2396.742710.46303.7812.41
Q1 2024East Midlands2072.342353.13268.0212.41
Q1 2024East of England2030.712305.53262.4512.41
Q1 2024South East England2001.562260.16257.6312.41
Q1 2024North East England2114.022402.39273.312.41
Q1 2024Scotland1962.022216.04254.7412.41
Q1 2024Wales1795.122025.84232.4812.41
Q1 2024South West England1638.031844.22201.2312.41
Q1 2025London2269.342511.35241.9310.41
Q1 2025West Midlands1761.921943.02185.7810.41
Q1 2025Northern Ireland1076.721188.53112.0310.41
Q1 2025Yorkshire1606.931781.97170.4110.41
Q1 2025North West England1686.81864.99177.3610.41
Q1 2025East Midlands1457.481610.13153.8110.41
Q1 2025East of England1370.881524.66147.8610.41
Q1 2025South East England1432.761584.31152.1210.41
Q1 2025North East England1357.61518.9145.7910.41
Q1 2025Scotland1325.641482.88140.1910.41
Q1 2025Wales1203.621331.52132.0210.41
Q1 2025South West England1199.791320.53128.3910.41
Q1 2026London1882.032063.82172.929.64
Q1 2026West Midlands1587.361763.92149.439.64
Q1 2026Northern Ireland991.261089.898.899.64
Q1 2026Yorkshire1517.721674.75140.139.64
Q1 2026North West England1512.61671.98134.219.64
Q1 2026East Midlands1318.41455.22113.389.64
Q1 2026East of England1314.131445.85113.819.64
Q1 2026South East England1149.321265.9899.719.64
Q1 2026North East England1373.811535.63124.439.64
Q1 2026Scotland1282.811415.89115.479.64
Q1 2026Wales1248.991381.86105.549.64
Q1 2026South West England1051.871151.2483.869.64
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Drivers aged 25-34

PERIODUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London1785.752028.36237.7212.75
Q1 2024West Midlands1434.31627.14191.7312.75
Q1 2024Northern Ireland772.56872.8100.2313.82
Q1 2024Yorkshire1288.471458.54173.3112.75
Q1 2024North West England1414.871603.04190.1212.75
Q1 2024East Midlands1175.521327.42157.5212.75
Q1 2024East of England1152.521299.93152.2412.75
Q1 2024South East England1108.471262.7146.5712.6
Q1 2024North East England1146.51316.83154.1712.75
Q1 2024Scotland1022.891153.33136.6812.6
Q1 2024Wales977.681102.22131.1912.41
Q1 2024South West England915.321037.24122.9912.61
Q1 2025London1523.881692.56172.9810.41
Q1 2025West Midlands1349.271504.61151.4210.41
Q1 2025Northern Ireland682.17751.3969.1610.41
Q1 2025Yorkshire1142.671264.65123.810.41
Q1 2025North West England1195.91339.37132.4610.41
Q1 2025East Midlands1081.361204.03116.5810.41
Q1 2025East of England1009.641115.58107.6910.41
Q1 2025South East England971.041077.65104.0410.41
Q1 2025North East England1028.031135.95110.1710.41
Q1 2025Scotland942.911045.82103.6910.41
Q1 2025Wales919.561021.7499.110.41
Q1 2025South West England821.46913.5587.0210.41
Q1 2026London1173.741306.34113.59.64
Q1 2026West Midlands1090.891203.82103.079.64
Q1 2026Northern Ireland718.41791.7771.189.64
Q1 2026Yorkshire1022.071122.1894.729.66
Q1 2026North West England1030.671131.0596.589.64
Q1 2026East Midlands919.341010.8481.19.64
Q1 2026East of England885.05971.179.269.64
Q1 2026South East England841.95924.673.69.64
Q1 2026North East England960.681058.7789.619.78
Q1 2026Scotland919.341013.7384.079.64
Q1 2026Wales786.48863.2573.379.64
Q1 2026South West England716.9783.6966.769.64
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Drivers aged 35-44

PERIODUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London1207.111367.19157.9912.44
Q1 2024West Midlands971.951102.98129.4212.59
Q1 2024Northern Ireland570.34644.1874.7813.73
Q1 2024Yorkshire900.771024.19120.6812.41
Q1 2024North West England967.761099.16127.2812.41
Q1 2024East Midlands802.9913.96107.7112.41
Q1 2024East of England784.02879.89103.2712.41
Q1 2024South East England761.96859.46101.2412.41
Q1 2024North East England778.58880.5102.3212.41
Q1 2024Scotland723.39818.7597.0912.41
Q1 2024Wales707.84794.8496.0412.41
Q1 2024South West England622.35706.4283.712.41
Q1 2025London1025.931142.18112.0110.41
Q1 2025West Midlands874.03969.4292.2610.41
Q1 2025Northern Ireland527.64582.5555.8810.41
Q1 2025Yorkshire774.22856.9682.8210.41
Q1 2025North West England821.77910.7686.8610.41
Q1 2025East Midlands696.14771.3274.5110.41
Q1 2025East of England665.71736.172.1710.41
Q1 2025South East England708.03779.8873.8210.41
Q1 2025North East England691.57768.6374.9810.41
Q1 2025Scotland649.78719.1869.4210.41
Q1 2025Wales642.69712.6667.5110.41
Q1 2025South West England563.05622.9860.3810.41
Q1 2026London826.67906.0277.69.64
Q1 2026West Midlands753.17827.1271.639.64
Q1 2026Northern Ireland543.16596.1953.459.64
Q1 2026Yorkshire683.26753.5163.299.64
Q1 2026North West England713.32781.5665.829.64
Q1 2026East Midlands636.92695.2459.089.64
Q1 2026East of England629.24684.2458.559.64
Q1 2026South East England609.92666.956.689.64
Q1 2026North East England603.95664.2958.779.64
Q1 2026Scotland633.44691.1460.129.64
Q1 2026Wales572.86626.7754.989.64
Q1 2026South West England526.04576.5851.379.64
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Drivers aged 45-64

PERIODUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London814.8920.24106.3912.41
Q1 2024West Midlands635.92717.9484.1812.41
Q1 2024Northern Ireland453.25511.4258.8112.41
Q1 2024Yorkshire549.72622.975.2612.41
Q1 2024North West England589.6668.4878.1912.41
Q1 2024East Midlands530.68602.0371.1412.41
Q1 2024East of England525.38591.0870.6512.41
Q1 2024South East England529.94599.3870.5312.41
Q1 2024North East England477.14541.764.2912.41
Q1 2024Scotland488.22546.7863.9412.41
Q1 2024Wales453.06516.1461.1412.41
Q1 2024South West England435.11492.7757.812.41
Q1 2025London724.73803.5676.8310.41
Q1 2025West Midlands542.24600.4557.9710.41
Q1 2025Northern Ireland463.32514.7950.8710.41
Q1 2025Yorkshire500.28552.3553.3210.41
Q1 2025North West England517.79572.5654.9110.41
Q1 2025East Midlands492.02547.8952.5410.41
Q1 2025East of England476.64526.1250.9110.41
Q1 2025South East England486.26538.7652.0710.41
Q1 2025North East England439.08483.6247.8310.41
Q1 2025Scotland432.45477.4147.110.41
Q1 2025Wales404.11446.0843.2710.41
Q1 2025South West England399.73440.7643.210.41
Q1 2026London616.89674.7857.69.64
Q1 2026West Midlands503.58552.0948.129.64
Q1 2026Northern Ireland475.91523.2546.569.64
Q1 2026Yorkshire453.53496.5542.389.64
Q1 2026North West England479.2524.5845.39.64
Q1 2026East Midlands434.72472.0340.919.64
Q1 2026East of England435.96475.540.79.64
Q1 2026South East England449.52491.9442.489.64
Q1 2026North East England381.04417.835.59.64
Q1 2026Scotland408.98449.2938.959.64
Q1 2026Wales357.11390.5333.379.64
Q1 2026South West England352.84384.7631.369.64
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Drivers aged 65+

PERIODUK_REGIONANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London662.55740.4882.0412.41
Q1 2024West Midlands535.03602.0469.112.41
Q1 2024Northern Ireland486.87548.9364.3113.83
Q1 2024Yorkshire502.88565.7264.8912.41
Q1 2024North West England537.24602.7468.2212.41
Q1 2024East Midlands501.54560.5563.9312.41
Q1 2024East of England502.6565.7262.4712.41
Q1 2024South East England503.42563.9561.5112.41
Q1 2024North East England469.48528.9461.8812.41
Q1 2024Scotland461.96518.0657.5612.41
Q1 2024Wales425.28479.254.812.41
Q1 2024South West England432.46483.5753.0912.31
Q1 2025London591.94652.8461.0410.41
Q1 2025West Midlands462.72509.7949.3310.41
Q1 2025Northern Ireland483.86540.6654.9111.64
Q1 2025Yorkshire430.74475.5645.1910.41
Q1 2025North West England465.6514.3548.3910.41
Q1 2025East Midlands404.52444.4642.5910.41
Q1 2025East of England412.98460.4343.3110.41
Q1 2025South East England433.38478.0744.4610.41
Q1 2025North East England398.37441.0341.5410.41
Q1 2025Scotland387.95427.6539.8610.41
Q1 2025Wales365.96399.636.6510.41
Q1 2025South West England375.94413.4839.2710.41
Q1 2026London531.87580.6248.79.64
Q1 2026West Midlands414.1450.6635.889.16
Q1 2026Northern Ireland489.8537.147.779.64
Q1 2026Yorkshire382.96417.0933.49.16
Q1 2026North West England403.1439.5134.839.16
Q1 2026East Midlands378.76412.5131.959.16
Q1 2026East of England376.68409.7632.679.16
Q1 2026South East England386.71420.38349.16
Q1 2026North East England349.76380.9131.429.17
Q1 2026Scotland371.07405.87339.17
Q1 2026Wales322.94350.8927.339.16
Q1 2026South West England347.74377.5329.749.16
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Monthly vs annual premiums by risk factor

By number of claims

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 20240677.3176689.3912.41
Q1 20241829.74934.53107.3212.41
Q1 20250588.17650.3663.4710.41
Q1 20251705.68781.2374.5210.41
Q1 20260542.42594.751.659.64
Q1 20261631.6691.4659.789.64
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By number of motoring convictions

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 20240683.2772.0689.8412.41
Q1 20241945.321067.2125.3412.75
Q1 20250589.3651.7263.4410.41
Q1 20251835.4926.5789.8210.41
Q1 20260542.34594.751.599.64
Q1 20261750.76828.5473.869.64
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By driving licence type

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024A1390.471576.06180.1912.41
Q1 2024E1101.111247.39144.4712.41
Q1 2024F676.83765.0789.2212.41
Q1 2024M2311.162593.96283.7512.41
Q1 2024O2016.232274.72251.8112.29
Q1 2024P510.08585.3866.7715.39
Q1 2025A1139.281271.52126.4610.41
Q1 2025E1154.771277.86118.510.41
Q1 2025F576.64637.4961.7210.41
Q1 2025M1932.322143.16214.2410.41
Q1 2025O1639.321809.93173.2710.41
Q1 2025P543.75616.0369.8614.2
Q1 2026A999.281099.2598.039.64
Q1 2026E1083.991176.7286.389.64
Q1 2026F535.44586.750.969.64
Q1 2026M2050.232210.6485.229.35
Q1 2026O1508.021607.4570.539
Q1 2026P460.21523.258.1815.25
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By marital status

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024CIVIL PARTNERSHIP1032.661159.9133.3312.59
Q1 2024COHABITING653.01737.0886.2312.41
Q1 2024DIVORCED510.93578.4268.5912.41
Q1 2024MARRIED584.35660.0976.912.41
Q1 2024SEPARATED606.64685.281.312.41
Q1 2024SINGLE1013.271145.72132.6712.41
Q1 2024WIDOWED541.37611.1970.7312.41
Q1 2025CIVIL PARTNERSHIP989.131097.88103.7910.41
Q1 2025COHABITING555.6615.1559.2210.41
Q1 2025DIVORCED480.49533.1452.3610.41
Q1 2025MARRIED527.64582.5556.3210.41
Q1 2025SEPARATED533.96592.7656.9910.41
Q1 2025SINGLE806.8892.7985.510.41
Q1 2025WIDOWED496.9551.6253.3410.41
Q1 2026CIVIL PARTNERSHIP766.67843.8872.399.64
Q1 2026COHABITING518.03568.0550.059.64
Q1 2026DIVORCED454.37496.0742.669.64
Q1 2026MARRIED503.56552.0947.359.64
Q1 2026SEPARATED532.45588.6352.149.64
Q1 2026SINGLE730.2804.0169.59.64
Q1 2026WIDOWED470.44512.5942.289.17
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By number of children

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 20240654.78738.6685.8412.41
Q1 20241762.1862.43101.4512.41
Q1 20242750.78848.3498.9512.41
Q1 20243834.46942.88109.3812.59
Q1 20244904.131020.12120.8912.75
Q1 202451030.351158.04136.7212.75
Q1 202461102.321229.24134.5312.41
Q1 202471068.941244.76156.9712.68
Q1 202481380.541585.62193.4613.73
Q1 202492055.882317.97262.0912.75
Q1 20250568.09628.4761.5810.41
Q1 20251674.04745.5171.3710.41
Q1 20252647.52715.8268.9310.41
Q1 20253746.01826.9679.2110.41
Q1 20254778.08861.8481.3810.41
Q1 20255892.19999.8693.1110.41
Q1 20256954.361060.8193.8810.41
Q1 20257943.481064.19104.5310.41
Q1 202581079.261215.3136.0412.59
Q1 202591467.721629.13167.1510.41
Q1 20260523.12573.4249.99.64
Q1 20261627.01687.7959.139.64
Q1 20262608.67667.8657.879.64
Q1 20263687.3755.8765.299.64
Q1 20264721.35793.169.389.64
Q1 20265804.98882.1577.039.64
Q1 20266878.55971.6583.639.64
Q1 20267843.2950.7174.919.64
Q1 202681461.941640.94151.8810.08
Q1 202691267.431389.59122.169.64
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By residential status

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024HOME OWNER525.45592.1568.3212.41
Q1 2024HOUSING ASSOCIATION769.76872.49103.0112.41
Q1 2024LIVING WITH PARENTS1474.681667.15188.2712.41
Q1 2024OTHER900.41020.27120.0212.6
Q1 2025HOME OWNER486.64538.0451.6910.41
Q1 2025HOUSING ASSOCIATION648.1716.9769.2110.41
Q1 2025LIVING WITH PARENTS1035.661146.99109.2310.41
Q1 2025OTHER836.35927.0389.610.41
Q1 2026HOME OWNER456.8499.9442.669.64
Q1 2026HOUSING ASSOCIATION618.15678.859.789.64
Q1 2026LIVING WITH PARENTS929.41030.2688.489.64
Q1 2026OTHER750.62825.2369.89.64
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By number of drivers on the policy

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 20241747.82846.5998.5612.41
Q1 20242608.98687.679.5212.41
Q1 20243893.841006.98112.7512.41
Q1 20244715.86807.288.2712.41
Q1 202451312.081463.15159.2713.82
Q1 20251649.22718.3369.3410.41
Q1 20252527.64584.757.1310.41
Q1 20253715.83792.8675.0610.41
Q1 20254656.98724.2166.4410.41
Q1 202551018.431101.4986.0910.97
Q1 20261589.92646.5255.889.64
Q1 20262503.9552.3848.339.64
Q1 20263648.33712.7361.529.64
Q1 20264595.02652.3355.669.64
Q1 20265739.31838.5657.979.16
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By vehicle usage

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024BUSINESS FOR ALL DRIVERS720.11807.390.0212.41
Q1 2024BUSINESS FOR INSURER623.62705.3681.7312.41
Q1 2024BUSINESS FOR INSURER AND SPOUSE544.06612.568.8212.41
Q1 2024BUSINESS FOR SPOUSE536.72604.5368.1712.41
Q1 2024COMMERCIAL TRAVELLING1780.622028.98251.2312.75
Q1 2024SOCIAL653.22737.3385.1412.41
Q1 2024SOCIAL, COMMUTING746.14844.4998.4412.41
Q1 2025BUSINESS FOR ALL DRIVERS699.37775.4372.9510.41
Q1 2025BUSINESS FOR INSURER551.72609.1458.5810.41
Q1 2025BUSINESS FOR INSURER AND SPOUSE513.21568.2754.7310.41
Q1 2025BUSINESS FOR SPOUSE500.28549.2653.4910.41
Q1 2025COMMERCIAL TRAVELLING1659.381893.1211.1212.75
Q1 2025SOCIAL563.72624.8160.7610.41
Q1 2025SOCIAL, COMMUTING641.16709.0868.4910.41
Q1 2026BUSINESS FOR ALL DRIVERS620.45680.2657.489.64
Q1 2026BUSINESS FOR INSURER537.37589.151.149.64
Q1 2026BUSINESS FOR INSURER AND SPOUSE493.44540.3446.489.64
Q1 2026BUSINESS FOR SPOUSE489.88536.7146.429.64
Q1 2026COMMERCIAL TRAVELLING1535.81714.52173.0312.69
Q1 2026SOCIAL517.02567.1548.969.64
Q1 2026SOCIAL, COMMUTING588.92645.5355.99.64
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By age group

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 202417-241908.552152.54241.7612.41
Q1 202425-341079.81223.82144.0512.75
Q1 202435-44748.32847.1799.2212.41
Q1 202445-64522.52590.4569.4412.41
Q1 202465+502.2565.3464.1612.41
Q1 202517-241369.051512.82143.3610.41
Q1 202525-34959.311063.46101.3610.41
Q1 202535-44667.87739.4970.8410.41
Q1 202545-64490.12542.7552.6310.41
Q1 202565+444.84492.5947.810.41
Q1 202617-241238.31363.16111.619.64
Q1 202625-34877.4966.7781.969.64
Q1 202635-44631.62692.159.679.64
Q1 202645-64473.86520.0945.769.64
Q1 202665+407.59444.736.429.17
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By UK region

PERIODVALUEANNUAL PREMIUMMONTHLY TOTALDIFFERENCEDIFFERENCE %
Q1 2024London1107.31247.84142.3912.41
Q1 2024West Midlands914.081034.88120.0212.41
Q1 2024Northern Ireland567.42641.527513.73
Q1 2024Yorkshire785.5889.44103.6312.41
Q1 2024North West England829.75935.16107.4412.41
Q1 2024East Midlands757.2858.4599.9412.41
Q1 2024East of England716.87809.8493.7112.41
Q1 2024South East England702.8792.2492.1512.41
Q1 2024North East England644.24727.8386.3412.41
Q1 2024Scotland639.03723.2184.8312.41
Q1 2024Wales645.38726.5885.0912.41
Q1 2024South West England572.28644.7675.8912.41
Q1 2025London963.421067.62103.2210.41
Q1 2025West Midlands777.54860.3382.3210.41
Q1 2025Northern Ireland538.8595.2259.6410.41
Q1 2025Yorkshire639.34706.56710.41
Q1 2025North West England672.92745.2470.6110.41
Q1 2025East Midlands619.82686.9465.8610.41
Q1 2025East of England582.51644.7161.6310.41
Q1 2025South East England600.97664.7463.1410.41
Q1 2025North East England527.64582.656.0810.41
Q1 2025Scotland524.34579.8356.210.41
Q1 2025Wales529.68584.8655.0910.41
Q1 2025South West England503.43555.9753.3710.41
Q1 2026London759.71833.5169.119.64
Q1 2026West Midlands644.83705.5657.739.64
Q1 2026Northern Ireland549603.7655.459.64
Q1 2026Yorkshire553.27605.1551.049.64
Q1 2026North West England560.03612.1751.329.64
Q1 2026East Midlands536.88588.1849.769.64
Q1 2026East of England521.55571.6348.549.64
Q1 2026South East England517.12565.9448.549.64
Q1 2026North East England487.13533.3645.699.64
Q1 2026Scotland505.04554.6148.079.64
Q1 2026Wales480.73527.0945.549.64
Q1 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.

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