We’ve already been told that the requirement to refresh one’s MOT is going to be relaxed - But what of Motor Insurance premiums?
Now £25 is a drop in the bucket on most people’s insurance policies, but at least Un-Admirable are taking a step in the right direction here, and notioning to the wider public that "Perhaps our future premiums should be coming down, because of the now lower-perceived risk of having a road accident on our lockdown quiter streets…
Who knows? Perhaps in the not-too-distance future, we might see Home Insurance, and all the other insurances drop down in price too?
We’re at home a lot more, so less risk of being burgled.
Less burglars out to turn your house over “whilst you’re at work or out for the entire day”…
Business shut-downs - a lot of claims are going to be denied, and after the smoke clears, we’ll see a lot of businesses not bothering with such insurances in the future, because they’ll know by that point “They don’t pay out when the Black Swan/Force Majeur event hits”…
The age of the DEflationary Economy is at hand:
Money goes a lot further - but it is harder to acquire it to start with.
Debts are harder to collect, because it is more important to put food on the table and pay the bills, than worry about rolling over yet another credit card when you’ve maxed this one out…
“Staycations” will become the norm, helping our future balance of trade deficit.
We’ll be buying a whole lot less tat from China, not to mention borrowing a whole lot less, bearing in mind that China have been bankrolling world consumer debts for some time now…
Less Money, but even Cheaper Prices then: We’re all better off overall - eventually!
Live long and Prosper!
Winseer:
We’re at home a lot more, so less risk of being burgled.
Less burglars out to turn your house over “whilst you’re at work or out for the entire day”…
Surely…
If we’re home a lot more then the risk of fire, flood or accident damage is increased?
yourhavingalarf:
Winseer:
We’re at home a lot more, so less risk of being burgled.
Less burglars out to turn your house over “whilst you’re at work or out for the entire day”…
Surely…
If we’re home a lot more then the risk of fire, flood or accident damage is increased?
The risk of fire is greatest - when you’'ve left the house unattended, and are unable to put a small fire out before it turns into a house-razing blaze…
The risk of flood? - Being in or out doesn’t alter one’s domestic distance from the river, and most “flood damage” isn’t caused by a busted water main…
Accident Damage? - I guess if you get run over by a car coming through your bay windows, then yes the risk is higher.
If your kids leave more roller skates on the stairs… Then yes the risk is higher. - But is that extra “at home” risk merely cancelled out by the now MUCH lower risk of “Dad or Mum crashing the car on the way home from work” or “pranging the motor at the supermarket” or even “catching a seasonal bug from the barb-b-que crowd”? 
Anyone else out there been offered cut-price anything at all during the lockdown so far?
There must be multiple fronts on which our overall cost-of-living can get substantially cheaper already I reckon… Where first then?
I can see your point in a way.
Yes less traffic no accidents so obviously insurance companies arnt paying put as much.
Bit ill say it now
When normality returns it will.be craamge on the roads and insurers will be laying out loads.
Think.about it .
for about a month now roads are quiet what drivers are about are use to empty roads and there pulling out at junctions and driving like idiots.
When normality returns your then have your car driver back on the roads who hasn’t driven for months.
There probably forgot how to…
So you have those driving legally thrown against idiots who are to use to no traffic and.bpund to see a rise in accidents.
For everyone to go back to exactly the same jobs - requires the same jobs to be both available, and the same people available to still be able and willing to return TO those jobs.
“Ain’t gonna happen” I strongly suggest…
Sensible people (that have lost a faraway job they used to commute to…) will have the opportunity to take a lower-paid job closer to home, now that they’ve realized they can manage the downward mobility.
What does one gain? - Quality time with one’s family.
If your old income was say, £3000pm and you had outgoings of £2000pm, and you’ve now lost that job…
…Your new job is £2000pm and on your doorstep with outgoings of £800pm - you’re actually now £200pm better off than you were before!!!
The upside for other workers - is that you ain’t sharing the M25/M1/M4 or whatever - with all the others that used to run the rat race with you every day…
People will be “changed” in that they will realize for the first time that they can manage downward mobility - and end up richer financially and on hearth ‘n’ Home matters at the same time… 
edd1974:
I can see your point in a way.
Yes less traffic no accidents so obviously insurance companies arnt paying put as much.
Bit ill say it now
When normality returns it will.be craamge on the roads and insurers will be laying out loads.
Think.about it .
for about a month now roads are quiet what drivers are about are use to empty roads and there pulling out at junctions and driving like idiots.
When normality returns your then have your car driver back on the roads who hasn’t driven for months.
There probably forgot how to…
So you have those driving legally thrown against idiots who are to use to no traffic and.bpund to see a rise in accidents.
Yes, I agree there will be great danger for all those who think they will be stepping straight back to what life was like in the year preceeding the lockdown…
Those putting themselves at greatest risk - will be those chomping at the bit to get back to a well-paid job, regardless of the risk to themselves, some risks of which they have yet to fathom.…
I’m wondering if after all this we’re going to see a general reducing of “office travel” in the grand scheme of things?
Its taken something like this for the infrastructure to be in place (both at home and via work systems or whatever) to allow people to work from home, but the final point is the willingness of a firm to allow it and believe that productivity will continue even though staff aren’t physically at work.
If that box has been checked then is there really a need to shell out annual rent on a shiny office block when a smaller one will do? That’s one money saver, add on the other savings too and I bet its being looked at
Oh and on subject…
bbc.co.uk/news/uk-52370352
Kind of agree with that, judging purely by the amount of faster speeds of stuff going past my house and even some overtakes which I never normally see.
So fair play to Admiral. But I suspect that others will not join in and will just look the other way and pretend they’ve not heard about it.
You need motor insurance no matter what, car in the garage, on your drive or parked on the road,the occasional trip to the supermarket you need insurance.Just because your not using your car to commute on a daily basis it still needs to be covered. It may not be you at fault but the other clowns.
Incidents happen with a motor does not matter what kind, logically the insured is always partially to blame if your not then your motor would not be there to be involved.
Most motor Insurers don`t see a reason to give a discount on premiums its not their fault your not using your motor as frequent as in your normal day.
I am seriously considering giving all my licences back to the DVLA since lockdown. Every time anyone mentions going out for a motorbike ride, fifty others tell you how unreasonable you are being taking NHS staff away from their grandparents. If I say the roads are much safer since there being so many car drivers at home, they tell me that motorcyclists still crash. I am giving up [emoji12]
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lolipop:
You need motor insurance no matter what.
Assuming that you are not using a vehicle and that it is parked/stored off the public hyway you can cancel your insurance, but you must also cancel your road find license and declare SORN.
moneysavingexpert.com/car-in … =1#corocar
lolipop:
You need motor insurance no matter what, car in the garage, on your drive or parked on the road,the occasional trip to the supermarket you need insurance.Just because your not using your car to commute on a daily basis it still needs to be covered. It may not be you at fault but the other clowns.
Incidents happen with a motor does not matter what kind, logically the insured is always partially to blame if your not then your motor would not be there to be involved.
Most motor Insurers don`t see a reason to give a discount on premiums its not their fault your not using your motor as frequent as in your normal day.
But isnt your insurance premium based on risk? That’s why the young uns pay thousand for theirs, not because they’ll write their car off, but because they’ll go speeding into a bus shelter full of kitten carrying nuns!
Yes, your car is at risk whilst its stationary (break ins, idiots hitting it), but an awful lot less risky than driving it 100 miles down a motorway.
My car is doing about 7 weeks to the gallon. Once a week I go out, start her up and roll her backwards and forward to make sure the brakes arent sticking. My premium is based on me doing 150 miles a week. I’ve reduced the risk, why shouldnt I be entitled to a refund?
