Fall in car insurance premiums

MotorwayCar insurance premiums are falling on average after years of increases, according to the latest figures.

But some young male drivers are paying more than £5,000 a year for comprehensive cover.

And women drivers in some areas have seen rises in premiums, statistics from Confused.com and professional services company Towers Watson showed.

At the end of March 2012, the average cost of an annual comprehensive insurance policy was £816.

For women, comprehensive insurance cost an average of £751 - 3% less than a year ago, while men saw a 1.8% decrease to £869.

Despite the falls, car insurance prices are still 61% higher than at the end of 2006, the two companies said.

The most expensive comprehensive policy - at £5,530 - was for a male driver aged between 17 and 20 living in the Manchester/Merseyside area.

The dearest for a woman was £3,181 for a female driver living in inner London.

While the cost of women's insurance has fallen on average, women aged 66-70 in Manchester/Merseyside had hikes of 9.7%.

Also there were rises of 4.7% for women aged 21-25 in Manchester/Merseyside and increases of 4.3% for 26-30 year old women in the Leeds/Sheffield area.

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