‘Stingy' Car Insurers Keeping £1bn Profit

Insurance firms are under fire for fobbing off customers with “stingy” rebates during the coronavirus crisis.

- Stephen Hayward

Car insurers are believed to have saved more than £1billion after accident claims fell by nearly 50 per cent due to customers driving fewer miles during the first national lockdown.

But consumer watchdogs say the industry is dragging its feet in passing on the savings to motorists, and refusing to offer them automatic refunds.