Comparethemarket.com motor insurance chief Dan Hutson said: “Young people will be relieved that the cost of driving has fallen so dramatically and this will hopefully ease some of the financial strain many are under.“With young drivers paying the highest insurance premiums, the recent drop in prices should prevent policies from becoming prohibitively expensive but the biggest savings will only be available to drivers who shop around for the best deal.“Young drivers should also remember to speak to their insurer if their current or expected mileage has reduced due to the pandemic, to see if a reduction in premium is possible, and explore whether a telematics based policy could be cheaper for them.”Meanwhile, auto finance expert CarMoney has.
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