BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh

 You are in: Business
Front Page 
UK Politics 
Market Data 
Your Money 
Business Basics 
Talking Point 
In Depth 

Commonwealth Games 2002

BBC Sport

BBC Weather

Monday, 26 November, 2001, 15:08 GMT
Cheapest place for car insurance
Car crash
Small Heath, Birmingham. Residents pay the most for car insurance
A survey of car insurance costs in Scotland, England and Wales has revealed marked price differences.

According to the survey by the Automobile Association (AA), the difference between living in the cheapest and most expensive place is as much as 276%.

Cheapest City centres
Perth (PH1): 275
Inverness (IV2): 280
Exeter (EX1): 285
Aberystwyth (SY23): 286
Living in Scottish Islands, such as Shetland and Orkney, will guarantee much cheaper premiums than for people who live in highly populated and crime ridden areas.

Car insurance premiums in central London accounted for eight of the top 10 most expensive postal areas.

Driving up costs

The cheapest place to buy car insurance was Douglas in the Isle of Man, where the cost of an annual premium was 225.

The most expensive place to insure a car was, at 622 a year, Small Heath, near Birmingham,

Most Expensive Cities
Birmingham (B5): 604
East London (E1): 595
South East London (SE1): 575
Liverpool (L6): 573
Manchester (M5): 563
Glasgow (G5): 525

Overall, premiums have risen by 30 in the last year to 364, a rise of 9% on average.

While premiums for people living in towns tend to be higher, there are still large regional variations.

The cheapest central urban areas were Perth, Inverness , Exeter and Aberystwyth.

Regional averages
East Anglia: 300
Islands: 231
London: 480
Midlands: 347
North: 390
Scotland: 328
South East: 332
South West: 294
Wales: 329

The most expensive cities are Birmingham, parts of London, followed by Liverpool, Manchester and Glasgow.

In London, Stoke Newington, was the most expensive place to insure a car at 607 a year.

The results were based on the cost of insuring a Ford Focus, and involved surveying costs for about 10,000 postal sectors.

People are advised to shop around for their insurance at renewal time.

See also:

05 Nov 01 | Business
UK motor insurance 'expensive'
13 Sep 01 | Business
Time's up for uninsured drivers
03 Sep 01 | Business
NHS drives up cost of car insurance
25 May 01 | Business
Q&A: The cost of car insurance
25 May 01 | Business
What drives car insurance higher?
25 May 01 | UK
Car insurance set to soar
Internet links:

The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.

E-mail this story to a friend

Links to more Business stories