Covid cuts average price of motor insurance premiums - ABI

Motorway_Getty

The average quarterly price at its lowest since the third quarter of 2016

Motor insurance premiums have fallen to their lowest quarterly level for four years mainly because people have been undertaking fewer journies amid the Covid-19 lockdown, according to the ABI.

The average premium paid in the second quarter of the year was £460, figures from the ABI’s Motor Insurance Premium Tracker showed.

The key findings were:

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