Britain cossets a nation of flashy drivers. One in three (34%) UK drivers say it is important to have a car under five years old, particularly for men (40% men and 28% women) and under 55s (42% under 54s and 25% over 55s). The survey of 2,000 UK drivers, commissioned by InsuretheGap.com also found that one in three (34%) describe their car as part of their … [Read more...]
Insurance Features
EV complaints rising, reports troubleshooter
Motorists' complaints about electric vehicles and dealers selling them are rising, reports The Motor Ombudsman. The latest increase may be put down to a greater number of consumers getting behind the wheel of pure battery-driven models, and the cost of living crisis driving more individuals to recoup financial losses, as pressures on household … [Read more...]
Potholes problems see more calls for RAC help
The poor condition of Britain’s local roads is laid bare today by new figures from the RAC which show its patrols went out to more than 8,100 pothole breakdowns between April and June 2023, the highest number in five years. Since the start of 2023, the RAC has dealt with 18,250 breakdowns for damaged shock absorbers, broken suspension springs or distorted … [Read more...]
Barbie’s cars in the pink for insurance
Barbie-mania is officially sweeping the world as the long-anticipated movie finally hits cinema screens today. The marketing machine for the film has been in motion for some time, and the first full trailer in May also gave us our first glimpse of Barbie’s car. In the movie, Barbie will be behind the wheel of a vintage convertible C1 Chevrolet Corvette … [Read more...]
Buyers better protected from 31 July
The new FCA Consumer Duty will come into force on 31 July. The Financial Conduct Authority intends for the new Duty to increase levels of consumer protection in retail financial services markets, whilst aiming to promote a healthy environment for firms to thrive. The new Duty will not be a tick-box exercise or be about introducing new processes and … [Read more...]
Motorists ignorant of protection against thieves
Almost nine out of 10 motorists (88%) don’t know how to protect their cars against a new wave of high-tech thefts, according to new research. July’s Startline Used Car Tracker shows that although 44% are aware that car thefts are on the rise – they increased by a quarter in 2022, according to Government figures – only 18% have heard of methods used such as … [Read more...]
RAC service plan and mobile mechanics
Hard-up Welsh drivers are the most likely in Britain to do their own servicing, they have told the RAC. Cost-of-living pressures have forced almost a quarter of drivers (23%) to either put off getting their vehicles serviced or do it themselves with or without the help of a friend or family member, a new survey of 2,000 UK drivers by the RAC has … [Read more...]
On-line car sales falling out of favour
The latest sales push by car makers to sell direct to buyers under an agency agreement is likely to face resistance in the market, according to results of a survey by Go.Compare. It found that 46% of buyers say they are reluctant to purchase from a car sales website because they like to see the vehicle in person before they buy it. The insurance comparison … [Read more...]
Van replacements extending, say AFP
Some van fleet operators are discovering that replacement cycles can be stretched to up to eight years without encountering major problems, the Association of Fleet Professionals is reporting. Paul Hollick, chair at the industry professional body, said that a range of new skills had been developed by fleet managers that were making these longer cycles … [Read more...]
£1.54 Billion bill for stolen vehicles but recoveries fall
Britain's oldest specialist motor insurance loss adjuster estimates that vehicle thefts are now costing UK insurers £1.54billion a year, with a further decline reported in the stolen car recovery rate. Claims Management & Adjusting Ltd. Managing Director, Philip Swift, a former police detective, said, “Vehicle theft costs to UK insurers increased again … [Read more...]
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