According to Statista.com, the average cost of car insurance for those in their 20’s was the highest out of the age ranges with an average of £851.
The lowest average age group for car insurance in the UK was for those in their fifties with the average cost of £468. This doesn’t mean that the older you get, the cheaper your insurance gets though, as the price goes up again once you hit your 60’s.
Average car insurance cost by age:
20 year olds: £851
25 year olds: £719
35 year olds: £639
45 year olds: £575
55 year olds: £468
65 year olds: £491
75 year olds: £752
Figures from Statista These figures are an average of the quotes from a selection of major UK insurers and assume five years’ driving experience and five-year no claims discount.