Blog: Short term motor insurance is for life, not just lockdown
There is evidence that people are looking to ride share or borrow a vehicle more to avoid public transport in light of Covid-19. However, Tempcover's Alan Inskip expects there to be deep-rooted changes in attitudes towards vehicle usage post-lockdown which could have a longer term impact on motor insurance.
Lockdown restrictions may have been relaxed across the UK, but motorists’ attitude towards their vehicle usage and associated costs has not.
A recent survey of British motorists by Tempcover* has revealed that over half (56%) of respondents are still unlikely to change their short-term car usage, regardless of what the regulations are. Interestingly, almost a third (32%) said they are considering purchasing a new or used vehicle in the wake of car dealerships reopening their physical sites
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