Coronavirus pushes car insurance prices down in 2020

By July 13, 2020Uncategorized

Study shows premiums have fallen in 2020 as traffic levels slumped during lockdown.
Car insurance prices have fallen in the UK as a result of the coronavirus crisis, according to new data published this week. Figures from price comparison site MoneySuperMarket.com show premiums have fallen by two percent in the second quarter of 2020, when compared with the same time last year.
According to the company’s findings, the average UK fully comprehensive car insurance premium now stands at £475 a year – down from £486 in the second quarter of 2019. That figure is also well down on the peak of £503 seen during the final three months of last year.