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Should I expect a lower insurance renewal price during lockdown?

My car has not been on the road for over five weeks now and not likely to be for some time. My insurance renewal is due on 12 May. Should I expect a better price than is currently quoted?

Asked on 24 April 2020 by Austin Matthews

Answered by Dan Powell
Unlikely, I'm afraid. Most insurance auto-renewals include some form of 'loyalty tax' that pushes up the price on the assumption some people will be happy to pay more to avoid the hassle of shopping around. I'd recommend emailing your insurer to inform then you will not be auto renewing. You can always challenge them to match the lowest price you find by shopping around.

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