Covid cuts average price of motor insurance premiums - ABI

2020-07-28T06:52:00

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:

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

Access unlimited breaking industry news as it happens
Sign up to a choice of daily and weekly newsletters