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Insurers are not passing on cost savings to drivers, comparison site Confused.com warns.

If new auto insurance premiums figures are anything to go by, then it looks like it's good news all-round in the United Kingdom - with consumers seeing the first annual fall in prices in three years, as well as the cost of comprehensive cover dropping quarter-on-quarter among all regions and age groups.

The average insurance price difference between male and female drivers is £95, according to the Confused.com research.

Motorists in Northern Ireland are spending nearly £950 on average for their auto insurance, it has emerged.

"The Government has also announced a reform to the way whiplash claims are calculated and paid, which may have also had an impact".

Insurers are forbidden by law to set different vehicle insurance premiums exclusively based on gender. Insurers say this is because men drive more expensive cars with larger engines, and tend to have significantly more motoring convictions than women.

Changes to government policy on the so-called discount rate had led insurers to "soften" their prices, the price comparison website said.

Similarly, prices decreased across all age groups, with drivers aged 27 benefiting from the largest quarterly cut in premiums at 11%, while 68-year-old motorists experienced the smallest drop at 3%. In September past year, the government backtracked after the insurers said the new formula would overcompensate crash victims.

Amanda Stretton, from Confused.com - which makes its money, in part, from drivers switching insurers - said: "Finally drivers have had some good news with the end of rising vehicle insurance costs in sight".

"However, it is clear that many motorists are not seeing these savings reflected in their renewal letters, so it is more important than ever to shop around if they want to get a better deal". Motorists in inner London have seen the biggest fall, down 6%, although they still pay the highest premiums at more than £1,000 a year on average.