Britain's average car insurance premium smashes through the £1000 barrier

► Average UK insurance bill passes £1k ► Typical 2024 premium now £1361 ► Reflects soaring cost of motoring The average cost of insuring your car has jumped past £1000 for the first time, according to new data obtained by our sister website Parkers and insurance aggregator Mustard. Their research found that the average policy now costs £1361.02p, compared with £919.04p in 2022 – reflecting the rising cost of motoring and other household bills in the wake of Covid lockdowns, …