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The average price paid for motor cover fell by £13 ($16.5) when comparing the period April to June with January to March, marking the first quarterly decrease in two years, according to the Association of British Insurers (ABI). Typical motor insurance premiums fell by 2% in April to June this year compared with the first quarter of 2024, taking the average price paid to £622. The drop follows a 1% increase to premiums in the first quarter of this year, when the average premium was £635. Despite the quarterly drop in premiums, on an annual basis, average premiums were 21% or around £111 higher…

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