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The analysis found that gender and age continue to have a significant effect on car insurance costs.

The analysis found that gender and age continue to have a significant effect on car insurance costs.

The analysis found that gender and age continue to have a significant effect on car insurance costs.

Premiums for this age group also fell £21 over the quarter from £823 to £802. The 20 to 24 age group pays the most on average, with premiums in the last three months of 2020 costing £980. This compares to drivers aged 65 or more who pay the least – an average of just £274 a year. Have your car insurance premiums changed? Have you noticed a dramatic difference when renewing your car insurance?  Or have you managed to get a much better offer on a new policy this year? Kate Devine, of MoneySupermarket, said: 'It's hard to say to whether the rises will continue.  'With new lockdown measu...

The Association of British Insurers said the number of car insurance claims as a result of the lockdown. Just 324,000 claims were made during April and June compared to 678,000 claims between January and March. Experts at insurance firm By Miles have previously claimed insurance firms could make £1billion during the pandemic by failing to pass on savings to customers. Insurance firms are required to offer some financial help to road users but do not need to offer full refunds. READ MORE In a temporary reprieve, Ms Devine warned the new lockdown could see lower prices offered to drivers in th...