However, insurance prices remain slightly above their recent low, as the average premium reached £589 in January 2026. East Anglia saw premiums fall by 28 per cent, from £774 to £552, while almost every part of the UK has seen insurance costs fall since June 2024. The drop in prices was particularly apparent in London |London remained the most expensive part of the UK for car insurance, despite its large fall in prices. Young drivers face the highest car insurance prices |"Premiums have fallen significantly over that period, with many drivers now paying close to some of the lowest prices we've seen in over two years." He said younger motorists and London drivers had seen some of the biggest improvements, but warned that insurance remained expensive for these groups.