Cheaper car insurance – one positive of lockdowns!
We all know how hard the last year has been for all sorts of reasons. One positive to have come from the lockdowns in 2020 and 2021 has been the potential for cheaper car insurance. During the height of the pandemic, the restrictions in place obviously left many cars sitting at home. The drop in vehicle usage is estimated to be at least 20%. Many people have not been commuting to work or visiting family and friends in locations outside of their own towns and villages.
This reduction in the use of cars and vans has led to a 28% fall in the number of claims for insurance companies and it’s clear we’re not back to normal on the UK roads just yet. With many offices still not open for business and the restrictions extended to mid-July (at the time of writing), the driving habits may not return to their usual levels for some time – if at all.
Cheaper car insurance?
Due to this, it’s estimated that people may be able to save £27 over a year on a policy. This is a drop of 6% from last year. It is well worth discussing with your insurance company if you are using your car less than you used to.
The latest motor insurance results from ey.com picked up on this trend and they say that ‘The drop in claims last year meant insurers were able to pass on savings to their customers through reduced premiums in Q1 2021. As commuting patterns change, perhaps for good, we expect the downward shift in car usage and claims to continue – albeit not to the level seen in lockdown.’ – UK General Insurance Market Lead at EY, Tony Sault
Non-Fault Car Accidents – How we can help
If you’ve had an accident that wasn’t your fault, you don’t have to claim on your car insurance.
We can help you with an alternative to making a claim on your car insurance. This will protect your no-claims discount and keep your premium as low as possible. Therefore leading to cheaper car insurance in the long run! Fill out our claim form online to get the process started. You can also call us from Monday to Friday between 9 am and 5 pm on 0800 059 0220. If you have a genuine non-fault claim (with an identifiable third party who is liable), we will be able to arrange a like-for-like vehicle within 24 hours.
We’ll take care of all the paperwork and the conversations with both insurers. If you are local to our workshop in Chesham, Buckinghamshire we can even organise repairs at Car Magic. We can alternatively arrange repairs at a garage to suit you whilst still handling the claim process and reducing your stress levels!