Young motorists aged under 25 could save up to £281 on their car insurance by adding an experienced named driver to their policy, said Compare the Market. It reveals the typical premium for a young driver is £1,859 with an additional named motorist on the policy. Without any other named drivers on the policy, the average premium for a young person is £2,140 – a 15% increase. However, all named … [Read more...]
Premiums rise & much higher for older drivers
The cost of car insurance has risen by 18% year on year, according to new Premium Drivers research from Compare the Market but older drivers are being priced off the roads. The typical premium stood at £850 in May 2024 after rising by £132 over the previous 12 months. The increase in the cost of car insurance in the past year may in part be due to a rise in the cost of claims for insurers. … [Read more...]
Newslines 10 June
The Volkswagen Group is entering a new business segment with the Elli charging and energy brand and will develop, build and operate large-scale stationary storage systems together with partners along the value chain. The largest projects in the Elli project pipeline currently have a capacity of up to 350 MW and a storage capacity of 700 MWh, which will almost double the total storage capacity … [Read more...]
Young drivers hit with premiums over £3,000
The cost of car insurance for a 17-year-old motorist who has just passed their driving test has reached £3,075 on average, according to new research from Compare the Market. This is a substantial £1,071 increase, or 53%, in the typical cost of car insurance for a 17-year-old from last year's £2,004. The average cost of car insurance for a driver with a provisional licence (all ages) is £726. … [Read more...]
Newslines 4 June
A special bonus awaits customers buying a new Toyota hybrid, plug-in hybrid or all-electric car or van during June – £1,000 to spend on their choice of Toyota products and services. Rather than tying the customer to a particular saving or benefit, Toyota is letting them choose how they use their £1,000, from raising their new car’s specification with extra accessories to organising a service plan … [Read more...]
Welsh test centres doing better than rest of UK
Learner drivers in Wales are getting the best deal for their tests, according to new analysis. Candidates across the UK could on average travel 25 miles for a driving test by 2030 as test centre locality and available test slots dwindle, according to new data. But that’s certainly not the case in Wales, says insurance broker Marmalade. Through multiple Freedom of Information requests over a six … [Read more...]
Newslines 19 April
The RAC predicts petrol could hit 150pp litre and diesel 160pp litre as tensions rise in the Middle East over coming weeks. The motoring body said retailers had pushed up profits since January and this added £5.00 to fill up a typical car. Labour and Plaid Cymru have voted against a Welsh Conservatives' motion in the Senedd to roll back the controversial 20mph default speed limit and end the ban … [Read more...]
Premiums jump 46% year to date for drivers
The cost of car insurance has increased by 46% year on year, according to new Premium Drivers research from Compare the Market, and young drivers are seeing the biggest jump. The typical premium stands at £892 in February 2024, after rising by £279 over the previous 12 months. The substantial increase in the cost of car insurance may in part be due to a rise in the cost of claims for … [Read more...]
Four Welsh towns have UK’s shortest L-test time
Wales passes the test for the best places to learn to drive in Britain. Learner drivers Cardigan area can expect a short wait of 4.06 weeks between when they book their test and when they eventually get around to taking it. Cardigan is one of four Welsh areas that are the quickest places to secure a driving test slot in the UK. Carmarthen in Wales has the second quickest waiting time to … [Read more...]
Young drivers hit by automatically bigger premiums
The cost of car insurance for young drivers has jumped by £644 on average in the past year, according to new Young Drivers research from Compare the Market. Car insurance premiums for motorists aged under 25 have reached £2,009 in January 2024, compared to £1,365 in the same month last year. Car insurance now represents 66% of the total car running costs for young drivers. Young drivers are … [Read more...]
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