Survey shows discrepancies between IOM and UK Car insurance premiums

A survey by a UK website says the Isle of Man is among the cheapest places in Britain to insure a car - but premiums aren't falling as fast as in other areas.

The data, collated after Britain's largest ever quarter-on-quarter drop in premium prices, was put together by MoneySuperMarket.

The fall, caused by the effects of coronavirus, saw reductions of up to 17 per cent - but the Isle of Man's premiums dropped by only a fraction of that.

However, at an average of £276.25 per year, the Island is still the cheapest place for car insurance.

You can see full details here.