Will Premiums Start To Increase?

Motorists may be aware that the average cost of insuring a car has fallen in the pandemic. One of the reasons for this is because many people have been working from home as a result of which they have not spent as much time behind the wheel of their cars and there have been fewer accidents resulting in fewer claims on motor insurance policies. This has no doubt led to some insurers passing some of their savings onto policyholders.

However, according to the well-known price comparison website Compare the Market, car insurance premiums may start to rise as more people go back to working in the office.

So, what can motorists do if this were to happen? Well, it may pay to shop around to see if you can get the cover cheaper from another insurer. If you are looking for car insurance for the first time then you could use the services of one or more price comparison websites to try to find a competitive premium. This is a quick and simple process. You can even view the features and benefits of various insurer’s policies and often either apply online or over the phone.

If you already have motor insurance then, when you receive your renewal notice, you have a number of options. You could continue with your existing insurer at the revised premium which may be more than you have been paying in the last 12 months or you could take the opportunity to shop around by using the likes of a price comparison website to see if you can get the cover at a lower cost with another provider. If you can then it is a simple process to switch insurers.

If you would like a competitive car insurance quotation then why not get in touch with us and we will do all that we can to assist without any obligation to proceed. We look forward to hearing from you.

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