Fewer cars on the roads in 2020 have saved Britain’s biggest insurers a fortune and now those savings could be passed on to the consumer via cheaper premiums.

According to insurance comparison website Hell Safe, providers saved an estimated £4.4bn this year, with claims in some areas of the UK falling by more than half, decreasing by a huge 58.93 per cent in London.

The lack of accidents on the roads is tribute to the public’s determination to heed lockdown warnings and stay at home home, with huge decreases in incidents in the big cities such as London, Birmingham, Liverpool and Manchester.

Antoine Fruchard, CEO of Hello-Save.co.uk said: “After the first national lockdown was eased, we thought that life would go back to normal.

“However, with that second pandemic wave that is shaking the UK, road traffic has gone down again, and again the insurance companies save money on claims.

“With fast-deteriorating economic conditions, Brits are likely to question their 2021 premiums.

“A discount may be expected by them, to compensation a 2020 year during which it has often been impossible to get our with the car.

“Car insurance companies will probably have to make an effort, which could take the shape of a one-shot refund or of a premium discount. In this very uncertain future, the insurance industry will be watched.”

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