Motor insurance premiums have continued to fall into 2025, with the latest data from Pearson Ham Group’s General Insurance Price Index revealing a -3.6% decrease in the average top-5 premiums in Q1. However, while the downward trend remains in place, the pace of reduction is clearly easing.
Premiums dropped by -2.4% in January, but the decreases tapered off to -0.9% in February and -0.4% in March. By March 2025, the year-on-year reduction stood at -17.7% compared to the end of April 2024.
This continued but decelerating decline has now been observed for 12 consecutive months.
