Car insurance costs in Manchester rise by more than a third in a year
17.04.2024 - 14:01
/ manchestereveningnews.co.uk
Car drivers in Manchester are facing eye-watering insurance costs when they renew their policies, following a year of sharp price rises that are now leaving the average Mancunian driver around £1,279 out of pocket, just to get their vehicle on the road.
Across the UK, insurers are charging roughly £82 less per year for each policy in the first quarter of this year, but data from Confused.com has shown that drivers in the North West are still seeing price rises. The data shows that Greater Manchester has bucked the national downward trend in the price of insurance premiums, with prices rising for motorists by more than a third across the board amid the cost of living crisis.
The rise in the cost of insuring a vehicle is not the same across the region, though drivers everywhere are seeing their car insurance costs rise by between 30 and 50 per cent since 2023. Far and away the most expensive place to insure a car in Greater Manchester is the city itself, where the average insurance scheme costs drivers £1279 - a rise of 43 per cent since last year.
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But, according to the price comparison data, which is based on six million car insurance quotes, not everywhere in Greater Manchester is quite so expensive a place to insure your vehicle. On the other end of the spectrum, motorists insuring in Warrington are paying almost £400 less, although this is still an increase of 36 per cent on the year before.
The figures also show that customer loyalty is not being rewarded by many insurers, with those who shop around for a new deal saving around £90 on average, while those who stick with their insurer have been slapped with a typical extra £94