Insurance comparison website Tiger.co.uk’s car insurance price monitor Tiger Watch has revealed that premiums in September declined by an average of 4% compared to the corresponding period last year.
Car insurance premiums are now the same as they were two years ago, with drivers between 35 and 55 seeing the largest falls, with quotes down by 9-18%.
Women drivers are also having a better month, after several months of rising premiums, and male drivers also saw their premiums decline.
Month-on-month female drivers saw a 4.7% price decrease, compared to just 1.1% for male drivers.
In March women had a 12.4% price advantage over male drivers, but the EU Gender Directive has seen this fall to 1.8% in September (although this is up from August when women had a 1.9% disadvantage).
Tiger.co.uk Commercial Director Andrew Goulborn explained that fierce competition was producing good news for motorists as prices continue to fall.