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Coronavirus is lowering car insurance premiums for young drivers

1 month ago   |   By Sunday Times Driving

EVEN IF you're only using your car to drive to the supermarket every other week during the current coronavirus lockdown, it still has to be insured, of course. However, the lack of cars on the road has led to fewer insurance claims, and it's possible that this could translate into cheaper premiums, according to price comparison website Comparethemarket.com.
A large percentage of the workforce are currently working from home or furloughed, whereby a company can grant a leave of absence to an employee and then claim 80% of their wages, up to £2,500 per month, from the government. The...
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