Sky-high costs for city drivers
MANCHESTER motorists pay the highest car insurance premiums in the UK - an average of over £1,143, or almost 60 per cent above the national average.
Premiums for Mancunian drivers of family cars soared by 3.08 per cent in May and June in contrast to the national average rise of just 0.3 per cent, according to confused.com, the car insurance search site.
The average cost of insurance for performance cars grew by 22.1 per cent, to an average £2,728.50.
A slight plus was the fact that economy car cover for Manchester drivers fell by an average of 8.2 per cent to £730. Confused.com's newly-launched insurance price index processed more than 2,500 risk categories, collating over 27,500 quotes to allow comparisons of insurance between 34 cities and major towns across the UK.
Its findings show that the national average price for car insurance is now £716 - way below the Manchester average.
However, according to Kate Armstrong, managing director of confused.com, site monitors were able to find a "cheapest" quote for Manchester drivers at just £507.
And things may be on the turn for motorists.
Kate says: "Over the past quarter we have seen less of an acceleration of car insurance and in the last month the increase in rates has virtually stagnated.
"We expect to see the trend continue and believe that in the next quarter, we could start to see the price of insurance actually come down."
This means that the number of insurance bargains for drivers are likely to increase.
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