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Money Box: Motor insurance in lockdown

13/06/2020

Motor insurance in lockdown

BBC Radio 4 - Money Box, Motor insurance in lockdown

Most people are continuing to pay the same for car insurance despite driving less.

Listeners' requests for lockdown motor insurance refunds falling on deaf ears.

Money Box listeners tell us that their requests for refunds on their motor insurance are being refused despite using their cars less during lockdown. The regulator has recently called on firms to review the value of their policies in light of the lockdown but critics say they let car insurers 'off the hook'.

Google is still allowing crooks to advertise dodgy investments and websites, despite telling this programme earlier in the year it was working with the Financial Conduct Authority to offer consumers better protection. We hear from one woman who had almost £30,000 stolen after clicking on a paid for advert that fraudsters had placed.

And this week we learnt that the UK economy had shrunk by a fifth in a month - an unheard of decline - showing the difficulties that many firms are experiencing. More than a million have been kept afloat by the Coronavirus job retention scheme. From August all firms will have to start paying towards the costs of furloughing staff. How will they cope and what rights do furloughed employees have if they are facing redundancy?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Researcher: Lizzy McNeil
Producers: Alex Lewis and Charmaine Cozier
Editor: Emma Rippon

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