Overview
- Go.Compare's analysis of sales and payment data for January 2023 to December 2025, reported June 2, found average annual premiums of £647 for drivers who park in a garage overnight compared with £623 for those who park elsewhere, a £24 difference.
- The gap is largest for third-party-only cover, where garage-parked vehicles average £790 a year versus £736 for cars parked elsewhere, a £54 difference.
- The data show a 3% fall in policies that list overnight garage parking between 2023 and 2025 and that 17% of homeowners with garages say they converted the space in the past five years into rooms such as gyms or offices.
- Go.Compare suggested one explanation is larger vehicles and tighter garages increasing scrapes and bumps while parking, but the firm cautioned the findings are correlations in its sales dataset rather than proof of cause.
- For drivers the effect is modest in cash terms, yet the results could affect where people choose to leave vehicles and how insurers price risk, and consumers should remember insurers use many factors beyond parking location when setting premiums.