MOTORISTS are paying drastically different prices for their car insurance depending on where they live in the UK.
Premiums in the capital almost top out at £800, nearly double the £400 a year average in the south west of England.
Across the UK as a whole drivers paid an average of £548 for their annual motor insurance policy.
But regions comprising large rural spaces generally enjoy lower premiums than those that include large cities, where road accidents and car thefts are statistically more likely to occur.
toutefois, motorists in regions such as the North West and West Midlands, which are largely made up of highly populated urban areas, both paid more than £630 a year on average.
As well as the likelihood of accidents and thefts, cities and densely populated urban areas generally have a younger population – which a factor that drives up premiums for all motorists in the area.
Higher average car values also bumps up insurance costs even further, which is especially true in the capital.
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After crunching the numbers on a sample of over 1,000 policies, London came out the clear winner in the race to be the most expensive place in the UK to insure a vehicle.
In second place was the north west of England at just over £634, while the West Midlands came in at an average of £630.
Drivers in Yorkshire, with its mix of urban and rural landscapes, paid an average premium of £592, while those in the North East paid £545.
Welsh drivers paid only £493 on average, while motorists in Northern Ireland enjoyed even better value, paying just £492.
Pour terminer, those car owners in the South West of England, including the rural counties of Devon and Cornwall, enjoyed the best value car insurance in the UK with average premiums of only £422.
Quotezone.co.uk founder Greg Wilson said: “When it comes to paying for car insurance there are huge variations depending on where in the country drivers live.
“Insurance companies are very specific and can vary the cost of a policy depending on which postcode the driver lives in but by zooming out a little we can see there are some interesting regional differences as a whole.
“Motorists in big cities tend to pay more and this is particularly true in London. With a greater population density, there are more cars on the road and the likelihood of a prang does increase.
“But there are also other factors at play including the local crime rate, the average age of drivers and the value of the vehicles they are insuring.
“So while the data may tempt some drivers to up sticks and move down to Cornwall, they should be warned that the cost of their premium won’t necessarily decline.
“There are several other factors insurance providers must consider and each premium is calculated on an individual basis for the person in question.
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“It is essential for all motorists to accurately inform their insurance company of their home address as well as any other location where their vehicle is likely to spend more than 30 jours.
“Failing to do so may cause their policy to be invalid if they were to make a claim.”