Car insurance experts at the Association of British Insurers (ABI) reveals that the value of the average claim has jumped by 27 percent in the previous quarter. The increase to an average

payout of £4,600 is the largest quarter to quarter rise on record which could have a major impact on road users. The number of both the average theft and accidental damage claims staggering

rose by 14 percent. The average value of personal injury claims was also up by 34 percent with victims receiving an average of £19,500. The increase in payouts comes after the total number

of claims rates dramatically fell during the shutdown. Just 324,900 new claims were made in the second quarter of the year in a reduction on the 678,000 received in the previous quarter.

lockdown. Experts at pay-as-you-go insurance providers By Miles warned receiving payouts takes time meaning some of the claims recorded in the second quarter could have been made before the

lockdown. Spokesperson James Blackham has predicted insurers have gained £1billion in revenue over the lockdown as claims rates dramatically fell. “At the start of lockdown we predicted that

insurers would see £1bn in savings as UK drivers parked up their cars reducing risk and the need for payouts. With claims nearly halving between April and June, this looks accurate. “The

fact remains, if you’re driving less, you should pay less. No cars on the roads over lockdown meant reduced risk and far fewer payouts. “While we applaud the few who offered small refunds,

no insurer is doing or has done enough to pass on the savings gained in this period. “This crisis has shown clearly that the way car insurance works is unfair. The insurance industry needs

to take time to adapt and start treating customers fairly.”