More 20mph zones could cut motor premiums – Esure

Motorists could save on their annual car insurance premium if more 20mph zones are rolled out in towns and cities across the UK, according to Esure’s chief customer officer Peter Martin-Simon.

Back in September 2023, the Welsh government introduced legislation for a default 20mph speed limit on restricted roads.

And in June 2024, Esure revealed that there had been a 20% drop in claims for car accidents following the move.

The firm has now found that extending the restrictions across the UK would result in an average £50 saving for drivers.

Martin-Simon said: “We are already seeing the benefits in places where 20mph speed limits have been introduced.

“Not only does this make roads safer for drivers and pedestrians, but an extension would also materially reduce the number of car accidents, as well as the severity and cost of those accidents.”

Commitment 

Esure said it reduced car policy premiums by around 10% for drivers in Wales at the end of 2023.

“Within three months of us identifying a new 20mph zone, we will proactively reduce policy prices for customers like we have already done in Wales,” Martin-Simon said.

Rod King MBE, founder of non-profit organisation 20’s Plenty, added: “These premium reductions have been delivered in Wales because 20mph is now the norm for urban and village streets.

“English drivers will continue to face higher premiums until the current patchwork of 20mph limits by exception is consolidated into 20mph as a norm.

“We thank Esure for their interest and action in identifying and demonstrating these benefits to communities and drivers.”