Updated
Many variables affect car insurance costs
Car insurance prices have fallen at the fastest rates since 2012, with the average premium now standing at £436, according to the Association of British Insurers.
Lockdown has helped push premiums to their lowest levels in nearly five years but there are fears that they could creep back up as drivers return to pre-pandemic patterns.
Whether or not they do rise, it’s always nice to get the best deal you can on car insurance so we’ve come up with 10 simple ways you can keep your costs down.
A few simple measures can save you a substantial amount on your car insurance
Car insurance change could mean your policy is invalid - what you need to know. (PA) Drivers across the UK are being warned of a change to their car insurance starting from the end of April. The move could make your cover invalid if you don’t know about the new change. Measures put in place to protect drivers amid the coronavirus pandemic will end on April 30, GoCompare has warned. The news comes as the Association of British Insurers (ABI) made similar warnings. At the height of the pandemic when the country was first hit by the first wave of Covid-19 infections in the spring of 2020, temporary measures were introduced to protect drivers.
Car insurance costs fall at record rate thanks to lockdown lurganmail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lurganmail.co.uk Daily Mail and Mail on Sunday newspapers.
And fake ads have been waved through by Google and Facebook without proof of authenticity, signatories of the letter claim.
They said the internet giants should have a legal obligation to stop fraudsters misusing advertising platforms and for this to be included in the forthcoming Online Harms Bill.
At the moment financial fraud is not covered by the legislation, which largely focuses on child safety, bullying and extremist content.
More than £78million was lost to brand cloning scams last year – or an average of £45,000 per victim – according to Action Fraud.
Victims are often elderly people who are approaching or in retirement and the devastating losses can mean they are forced to work longer or sell their home.
The Money Saving Expert said if you don t, you could unwittingly invalidate your car insurance. And if that happens, you risk a £300 fine. When you buy car insurance, you re asked how you plan to use the vehicle, including whether you ll commute or use it for social purposes only. This will influence how much your premium is, as different types of driving carry different risks.
Motorists who now drive to work due to Covid are being warned to check their policies ahead of a rule change Last March, the Association of British Insurers (ABI) introduced extra support to make it easier for employees to commute during lockdown.