Experts say the best way to save money is to shop around for new agreements (Image: Getty)
Compare the Market says average premiums have dropped £48 since the start of the pandemic as a result of these changes.
Following the second lockdown, the average premium in November fell by £25 from the previous month to £691.
This was the lowest monthly figure since March with the cheapest premium on the market also down to £591 compared to £610 in October.
Mr Hutson added: “Cheaper premiums this winter are a silver lining for motorists.
“Drivers will be pleased that premiums are more affordable than in previous years, as household budgets continue to be strained.
£4 4bn drop in insurance payouts as Covid makes roads safer thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Covid lockdowns have saved Britain s motor insurers a fortune with reports of 41 per cent fewer accidents and and 26 per cent fewer deaths than compared to 2019.
Some insurance companies are even offering motorists a rebate if they have been using their car significantly less due to Covid-19.
A survey by insurance comparison website Hello Safe has found that car insurance companies could save an estimated £4.4bn during 2020 due to a dramatic fall in the number of accidents when compared with 2019.
All areas have reported significant reductions in the level of car insurance claims in 2020
Insurance companies have noticed a dramatic fall in the number of payouts for car insurance claims in 2020. They believe this is linked to the ongoing Covid-19 lockdowns