£217 cost of living boost for drivers - but over-80s only see £100

MotoringMotoring NewsMidlands traffic and travelCar insurance boost21:30, 16 Aug 2026Car insurance is now £217 less than two years ago, drivers have been told, in a Cost of Living boost. The average premium stood at £593 in June, down by more than a quarter from £810 in June 2024, according to Compare the Market.‌This marks a fall of 26 per cent over two years, with prices also lower than last June, when the average premium was £636. London and North West England have seen the biggest drop in insurance costs, with premiums dropping by 31 per cent over the past two years. East Anglia saw premiums fall by 28 per cent, from £774 to £552, while almost every part of the UK has seen insurance costs fall since June 2024.‌Drivers aged between 65 and 79 pay an average of just £338. Motorists aged o