Motor Insurance giving out coronavirus rebate

Merlin5

Merlin5

Merlin5

Soldato
Joined
17 Aug 2009
Posts
17,820
Location
Finchley, London
This might be of interest to some. You might be able to get a refund on car insurance. I just got this email from Churchill who I'm insured with. Asked me how many miles a week I've driven during lockdown. I put 30 miles a week. So, other insurers might offer similar refunds.


20200521-205022.jpg


Screenshot-20200521-203854-Opera.jpg
 

stoofa

stoofa

stoofa

Soldato
Joined
4 Mar 2003
Posts
12,450
Location
Chatteris
I've said that many companies are going to be remembered for their actions during the pandemic - some will be remembered for doing the right thing, others will be remembered for not offering the same, or making life more difficult.
It makes perfect sense that insurance rebates should happen. I was put into government 12 week lock-down and during that time I've completed about 12 miles a week.
However, I'm with GA, part of Aviva group by looks and nothing - in fact one of their FAQ's said "What if I find I'm currently doing less mileage" to which the answer was "You can make is aware, however it will make no difference to your premiums".
 

grudas

grudas

grudas

Soldato
Joined
12 Mar 2008
Posts
22,921
Location
West sussex
people thinking this will be a nice "£25" are probably forgetting the fact that they'll be charged extra £25 average next renewal.

the reality is that many drivers struggled to drive daily on same roads and I'm sure me and many other have encountered that same person each daily barely making any progress or just being incompetent each. Now imagine that same driver after a say 2-4 month break from driving. It'll be carnage, it'll soon balance out when insurers end up paying out more than average number of claims after lock-down is lifted and people crash lol. Which will mess with the statistics(what insurance is based on) and bam we're all paying the extra £25 on average over the "expected" price.

I personally do not care that my insurance company has not offered it, I'd rather they stay afloat and continue being in the market. More competition = cheaper insurance for us.

I'm with flux and aplan btw, both a great to insure through.
 

DarrenM343

DarrenM343

DarrenM343

Soldato
Joined
19 Oct 2008
Posts
5,951
Mine has just gone up a bit too - remarkable given the situation I think. Given as they work with probabilities, the probability is that most of us will be driving a lot less than usual and on quieter roads = less risk of an accident :). Direct line.
 

inflames

inflames

inflames

Associate
Joined
15 Oct 2016
Posts
1,412
grudas said:
people thinking this will be a nice "£25" are probably forgetting the fact that they'll be charged extra £25 average next renewal.

the reality is that many drivers struggled to drive daily on same roads and I'm sure me and many other have encountered that same person each daily barely making any progress or just being incompetent each. Now imagine that same driver after a say 2-4 month break from driving. It'll be carnage, it'll soon balance out when insurers end up paying out more than average number of claims after lock-down is lifted and people crash lol. Which will mess with the statistics(what insurance is based on) and bam we're all paying the extra £25 on average over the "expected" price.

I personally do not care that my insurance company has not offered it, I'd rather they stay afloat and continue being in the market. More competition = cheaper insurance for us.

I'm with flux and aplan btw, both a great to insure through.
Click to expand...

I am in agreement with you here, I rather they just survive allowing more competition and cheaper prices in the long run. I haven’t received any information from my insurance company and I don’t expect to.
Now I have only had 8 weeks off due to the lock down and there are other would have had many more weeks off or are working from home not being able to use their cars. So £25 sounds like a fair offer at first, but those who haven’t been able to use their cars for long than say me and now haven’t used their car for 12-14weeks? May feel they should receive more than £25?
 

Temujin

Temujin

Temujin

Associate
Joined
1 Jun 2014
Posts
1,574
I got the meagre £25 just before I left Admiral in June, nothing from new insurer but then I suppose it has only been a month haha
 
You must log in or register to reply here.
Back
Top Bottom