Car insurance premiums fell in the past quarter, the first decline in two years, while claims costs also eased.
The industry trade body, the Association of British Insurers (ABI), said average motor insurance premiums fell 2% in the second quarter to June compared to the first.
This follows a 1% increase in premiums in the first quarter of this year, while compared to a year ago, the average premium in the second quarter was still up 21% than the same period a year ago.
The ABI said the cost of claims was pretty much flat, up just 0.4%, versus the first quarter, after an 8% rise in the first.
Costs of claims, such as repair costs being 28% higher than last year, have "a significant and sustained impact on motor premiums", the industry body said.
Insurers paid out £2.9 billion in motor insurance claims in the quarter, up 18% on £2.5 billion paid a year ago, though over the long term the average premium paid is 2% lower than the peak in late 2017, while average cost of a settled claim has risen by 21%.
The average cost of vehicle theft fell 10% to £12,100, though the average cost of theft from a vehicle hit a record high of £3,100.a vehicle
ABI director of general insurance, Mervyn Skeet, said: “After a very challenging period for insurers and customers alike, we’re encouraged to see an easing of increases to motor insurance premiums as recent claims costs stabilise.
"While this is good news, we need to continue our work focusing on claims costs, for the good of consumers. It remains a top priority for us and our member insurers.”