Covid-19: Should all motor customers get a rebate?

Covid-19: Should all motor customers get a rebate?

Insurance age reports: “Covid-19: Should all motor customers get a rebate?

“Major insurers including Axa, Aviva, Ageas, LV and Zurich respond on automatic rebates as motor disrupters say the Admiral £25 move does not go far enough and questions are raised about the gesture.” “Insurers and brokers have shared a lukewarm response to the automatic rebate of £25 per customer – collectively £110m - by provider Admiral announced last week.”

“One senior industry broker questioned the motives of the group. “It is an interesting move. To my mind they do not have a huge reputation for customer altruism. It makes me wonder why they are doing it.” He added: “It looks like they are trying to get good news stories.” The broker, who declined to be named continued: “£25 is not really much to a young driver with a high premium. It should be proportionate to the cost of the premium.” Motor disrupters have been pressurising traditional providers to give back premium to customers while vehicles are used less during lockdown.” Read more  

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