Survey: Car insurance premiums fall
Average annual comprehensive insurance in spring (April to June) this year was £797 - a 7.1% dip on the spring 2011 figure, according to a survey by Confused.com and professional services company Towers Watson.
But despite the fall, men on average are still paying £110 more than women on their car insurance.
Biggest winners from the fall in prices are the elderly, with drivers aged 71 or more not only paying the least (£426 a year) but also enjoying the biggest year-on-year dip - 8.8%.
The price for these novice drivers also varies depending on where they live and what sex they are.
The average price for 17 to 20-year-old male drivers in Manchester/Merseyside is £5,394, yet male drivers in this age range pay a more modest £2,999 in Central Scotland.
Women aged 17 to 20 are quoted £1,878 on average for comprehensive insurance, while men of the same age suffer average insurance quotes of £3,596.
Regionally, the west of England has seen the biggest fall in prices, as average premiums for comprehensive cover dropped by 10.5% in spring 2012.
Gareth Kloet, head of car insurance at Confused.com, said: "Competition between car insurance providers is currently very high. We anticipate that drivers will continue to reduce their annual mileage as a result of high motoring costs and seek cheaper vehicles in their search for more affordable cover."
© 2012 Press Association