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Does Cheap Liverpool Car Insurance Exist?


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Is Liverpool car insurance the most expensive in Britain?

That is certainly the claim made by many websites and newspapers. They refer to 'average' premiums, but the 'average' policy doesn't exist; we are all different. So, we looked into the real world premiums for two people with identical profiles (same car, job, marital status etc) but with different ages and driving experiences, living in different postcodes in Liverpool, and found some interesting facts.

What were the lowest car insurance premiums for a typical young driver?

  • For our younger driver, aged 22 with 3 years NCB, living in L2, the average of the 5 cheapest quotes we got was £1144.
  • The same person in L22 would have been charged an average of £1329; £185 more than in L2.
  • The same person in L10 would have been charged an average of £1671; a huge £527, or 46%, more than in L2!

Conclusion: claiming that Liverpool has the dearest insurance in Britain is an over-simplification. What matters is not the city itself, but the individual postcodes within that city.

What were the Highest car insurance premiums for a typical young driver?

  • For the driver living in L2 the average of the five highest premiums we were quotes was £8321
  • The same person in L22 would have been charged an average of £7429
  • The same person in L10 would have been charged an average of £8923

Conclusion: (a) some insurers seem pretty paranoid about insuring people in Liverpool; and (b) shopping around for the cheapest quote is particularly important when premiums vary so much!

What were the lowest car insurance premiums for a typical older driver?

  • For our older driver, aged 42 with 10 years NCB, living in a Liverpool two postcode, the average of the 5 cheapest quotes we got was £691.
  • The same person in L22 would have been charged an average of £585
  • The same person in L10 would have been charged an average of £848

Conclusion: as in the rest of the UK, being a little older with more driving experience can have a huge impact on premiums.

What were the highest car insurance premiums for a typical older driver?

  • For the 42 year old driver living in L2 the average of the five highest premiums we were quotes was £3,552
  • The same person in L22 would have been charged an average of £3,497
  • The same person in L22 would have been charged an average of £4,772

Conclusion: whilst these quotes are considerably lower than those for the younger driver, they are still extremely high, reflecting the fear that some insurers may have about insuring motorists in Liverpool (and the importance of comparing quotes!).

lady with cheapest short term car insurance
There is still affordable insurance available!

Why is insurance expensive in Liverpool?

Liverpool is a port city, and the international nature of the port has long made it a target for the dishonest. Just like towns that are close to motorway junctions, it is much easier for professional criminals to travel from far away to commit crimes then return quickly and easily. This increases the risk of car theft, which in turn will increase the cost of car insurance in Liverpool.

There are also issues with parking, traffic congestion, and problems that drivers experience in trying to navigate around the city.

How Does the Local Economy Affect Liverpool Car Insurance?

The local economy also has a significant impact on the cost of car insurance in Liverpool. Some parts of the city have suffered from economic decline for many years. This has had a significant impact on the insurance industry, with many of the city's residents struggling to make ends meet. In turn, this has resulted in a disproportionate number of claims from Liverpool residents and subsequently higher car insurance premiums in the city.

The good news is that the city has seen a revival in recent years, driven in part by the waterfront regeneration.

Traffic congestion

The level of traffic congestion in the city has a major impact on the cost of car insurance in Liverpool since the more cars there are on the road the greater the risk of collisions, and the longer those cars have to stay on the road, delayed by traffic jams.

Traffic congestion is significantly higher in Liverpool than in other parts of the UK; the average number of cars per mile of road in the city has been estimated to be 30% higher than the national average.

Parking problems

Parking issues have also become a significant factor affecting the cost of car insurance in Liverpool. The city's car parks are often full, leading to significant problems with finding a place to park. This has led to a rise in dangerous driving practices, such as parking on double yellow lines and driving in bus lanes.

These dangerous habits have led to a significant increase in the rate of accidents in Liverpool, helping to increase the cost of car insurance premiums.

Car crime

Crime rates in Liverpool have fallen significantly over the last few years, helping to reduce the level of car insurance claims in Liverpool. The city, however, has faced significant issues with car crime in the past, with thieves targeting vehicles to steal valuable parts. This has significantly raised the cost of car insurance in Liverpool, with many households having to pay hundreds of pounds extra every year.

Whilst the rate of incidents has fallen significantly in recent years, this has yet to reduce premiums substantially.

Confusing road layouts

The city's confusing road layout has helped to increase the cost of car insurance in Liverpool. The road network in Liverpool is notoriously puzzling and in fact, the city council was named the worst road signer in the UK in 2017 by Confused.com.

The city is criss-crossed with a web of one-way systems, with many roads having more than one name. This has made navigating the city's roads more difficult, leading to an increased risk of accidents as motorists struggle to find their way around without last minute braking and turning.

Cost of Car Repairs in Liverpool

Another major factor that contributes to the high cost of car insurance in Liverpool is the cost of car repairs. A report claimed that the average cost of car repairs in the city is significantly higher than the national average, with the average cost of car repairs in Liverpool being at the time £910, while the national average was £712.

This does not necessarily mean that car repairers charge more for their work but it could be due to a number of factors including the amount of damage that occurs in a typical accident in the city, or the number of personal injury claims, but whatever the cause it has increased premiums.

Conclusion

Rightly or wrongly The cost of car insurance in Liverpool is amongst the highest in the UK. There are many reasons why this is the case, including the city's geography, the local economy and the nature of car crime in the city.

However, as we have seen above, premiums vary considerably from one insurer to another, which suggest that is particularly important for Liverpool motorists to compare quotes!

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Please remember that the above figures are a for a particular person with a particular job and driving record driving a particular car, so your own results are likely to be completely different.



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