Drivers must pay a MANDATORY £418 or face being forced off the road, it is feared . The average cost of an annual car insurance policy has dropped to £418 - the lowest it's been since early 2023 and 7% cheaper than the previous quarter, when the average cost was £450.

The latest price index from Go.Compare Car insurance has revealed that the average cost of a car insurance policy has decreased by 7% and is now at the lowest it’s been since early 2023.

Tom Banks, car insurance spokesperson for Go.Compare Car insurance , commented on the latest figures and said: “It’s great to see that car insurance prices have dropped – and while there has been some fluctuation in recent months, the general trend appears to be downward, which will be good news for motorists.

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