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Car insurance decline slows as COVID-19 restrictions ease

Car insurance decline slows as COVID-19 restrictions ease

The average price of fully-comprehensive car insurance now stands at £473. Photo: Oliur/Unsplash
The average price of fully-comprehensive car insurance now stands at £473. Photo: Oliur/Unsplash

Car insurance premiums fell throughout 2020 – thought to be a result of the national COVID-19 lockdown, which at it’s height caused road traffic to plummet by 73% but the rate of decline may be slowing.

Car insurance prices dropped by 3.6% in the first quarter of the year and then by a massive 4.7% in the second quarter, when they hit their lowest price in five years – £462 ($603) for fully-comprehensive cover.

However, a modest price drop of 0.3% in the third quarter suggests the fall may be starting to taper off, MoneySuperMarket data shows.

The average price of fully-comprehensive car insurance now stands at £473, the data shows.

What’s more, despite prices falling in 2020, annual comparisons show a slight increase, with fully-comprehensive cover costing about £473 during Q3 2019.

The study found drivers in east London pay most for premiums, at £950 – more than double the UK average.

READ MORE: UK drivers ‘unaware’ of government’s electric car grant

Meanwhile, London as a whole paid about £679 during the third quarter of the year.

On the other hand, drivers on the Isle of Lewis have the cheapest premiums in the country, at just £293.

Looking at age, premiums have fallen the most year-on-year for those aged 17 to 19, with fully comprehensive cover now costing these drivers about £823 – down 21% from £1,037 in 2019.

However, premiums for this age group did see a quarterly price increase of £46 from £777 to £823.

Drivers aged between 40 and 49 have seen the biggest price rise, with premiums up 5% year-on-year to £422, from £402.

The 20 to 24 demographic pays the most on average, with third-quarter premiums costing £917.

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Slack introduces new features to ease messaging between business partners

Slack introduces new features to ease messaging between business partners

Slack is holding its Frontiers conference this week — virtually like everyone else in 2020 — and it’s introducing some new features to make it easier to message between partners. At the same time, it’s talking about some experimental features that could appear in the platform at some point (or not).

Let’s start with some features to help communicate with partners outside of your company in a secure way. This is always a tough nut to crack whether it’s collaboration or file sharing or any of the things that trusted partners do when they are working closely together.

To help solve that, the company is creating the notion of trusted partners, and this has a few components. The first is Slack Connect DMs (direct messages), which allows users inside an organization to collaborate with anyone outside their company simply by sending an invite.

“You can now direct message anyone in the Slack ecosystem. That means that anyone that has a Slack license can connect to one another,” Ilan Frank, VP of product at Slack told TechCrunch. While the company is introducing the new capability this week, it won’t be widely available until next year as the company wants to make sure this is used for business purposes only in a secure and non-spammy way.

“We’re going to be focused on, before we make this widely available, a lot of different information privacy and security [components] to make sure that we account for things like spam and phishing attacks and all that. This should not be a LinkedIn or Facebook Messenger where anyone can connect with you. This is [going to focus on] business for business work,” Frank explained.

Slack is introducing a couple of concepts to help ensure that happens. For starters, it’s adding Verified Organizations, which works a bit

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