Motor insurance premiums have increased for the first time in over two years, signalling a potential turning point in the pricing cycle, while home insurance premiums continue to stabilise following a prolonged period of deflation, according to Defaqto Market Pricing’s latest General Insurance Price Index (formerly Pearson Ham Group’s Market Pricing Business; acquired Jan 2026).
The data shows that the average of the top five quoted motor premiums rose by +1.4% over the quarter, reversing the sustained downward trend seen throughout 2024 and 2025. The increase was driven by rises in February and March, offsetting a small decline in January, and marks the first quarter of growth since the end of 2023.
This shift is particularly notable given the scale of reductions seen over the past two years. Although premiums have begun to rise, they remain -6.8% lower than they were a year ago and are still -23.2% below levels seen two years ago. O