31/03/2020
Admiral to give stay at home car insurance refunds
Admiral, Britain’s biggest car insurer, has become the first major UK motor insurer to offer its customers partial refunds.
As many drivers are stuck at home because of the Covid-19 pandemic, the group said it would return £110m to its policyholders – a £25 refund for each car and van it covered as of 20 April, a total of 4.4m vehicles.
Admiral has also pledged a further £80m, mainly to reduce prices, with the biggest cuts to benefit renewing customers with above-average premiums, such as younger drivers.
Some of the money will go towards measures to support NHS staff, as well as a £4m Covid-19 support fund in south Wales, where Admiral is based.
