The Association of British Insurers (ABI) has today revealed that the number of motor insurance claims settled last year dropped by 19%, with the majority of UK cars sitting idle due to the UK’s lockdown. CEO at Confused.com Louise O’Shea says:
“Almost two in three (60%) UK drivers have been using their car less since being in lockdown, according to our research. We also found that UK drivers expect to drive nearly 2,000 fewer miles this year compared to last year.
“Typically, having a lower mileage could mean drivers pay more for their insurance as they would be considered less experienced and therefore higher risk. But the risk on our roads has decreased overall. This allowed motorists to save £52 on average on their premiums at the end of last year.
“But these savings are only being seen by people who are shopping around. We know that insurers are still putting up renewal prices for some drivers. Even if the increase is small, please don’t settle for this as there will be an insurer out there willing to offer a better price. Knowing how to keep car insurance costs down can be confusing as it depends on so many factors. Our guide offers some simple steps to help you making savings before you hit the road once lockdown eases.”
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