A quarter of drivers admitted to having a bump, scrape or accident in their first car, according to new research which surveyed more than 4,500 young drivers. Of the drivers surveyed who experienced an accident, 78% were found to have taken their driving test before they had met the official recommended 44 hours of tuition with a qualified instructor. The research from learner driver car … [Read more...]
Insurance Features
Beware of EV premiums’ quotes
‘Green’ cars outsold diesels for the first time in 2020 with 285,199 models registered compared to 261,772 diesel engine cars. Although new car sales in 2020 were around 29% lower than in 2019, electric vehicles have grown in popularity with a degree of electric propulsion (BEV, PHEV and HEV). Market share for all-electric BEV cars grew from 1.6% in 2019 to 6.6% in 2020, an … [Read more...]
Lockdown laziness leads to larger payments
Lazy drivers are paying through their noses for car insurance during lockdown. GoCompare Car Insurance has reminded drivers of the need to shop around for the best insurance deals as new research reveals a sharp increase in number of policies being automatically renewed in the last 12 months. The website, found that 7.6m motorists paid a ‘loyalty tax’ to their insurer for allowing their policy … [Read more...]
Range Rovers are tops with thieves
Analysis by Tracker reveals that Range Rovers and Land Rovers take six of the ten places in the 2020 list of Tracker’s most commonly stolen and recovered vehicles. The three top spots in the 2020 league table are all Range Rover models - the Sport, the Vogue and the Autobiography. The Land Rover Discovery, Range Rover Evoque and Land Rover Defender also make the top ten. These six models alone … [Read more...]
£1,000 bill for diesel drivers after lockdowns
Diesel vehicle drivers are facing a possible £1,000 bill when they start up after prolonged lockdown, unless they take precautions, warns warranty company Motor Easy. Duncan McClure Fisher, CEO at MotorEasy said, “Throughout the three lockdowns, we’ve seen a spike in battery and alternator claims as a result of cars not being used as much. Batteries are not getting the chance to charge up like … [Read more...]
Car-iad wheels success over St Valentine’s partners
Many drivers would rather spend time with their car than cwtch a partner this St Valentine's Day. InsuretheGap, a provider of Guaranteed Asset Protection insurance, found over one in seven (16%) admit they would rather spend Valentine’s Day with their car than their partner, and almost one in 10 (9%) confess to loving their car more than their partner. In fact, 43% describe their car as … [Read more...]
Staggering 75% stolen cars never recovered
More than 200 cars are stolen every day and the trend is rising. The data has been revealed following a Freedom of Information request Rivervale Leasing submitted to the Swansea-based DVLA. The Government's records made pretty grim reading because around 75,000 vehicles were nicked last year, that’s nearly 20,000 more than in 2019. So we’re talking about more than 200 stolen vehicles … [Read more...]
EVs premiums cause for concerns
In a poll of 1,000 drivers almost one in 10 said they think electric car premiums would be more expensive, with one in eight of those aged 17-24 admitting this would potentially stop them buying. While it’s previously been difficult for young drivers to secure low-cost car insurance, as electric cars sales are rising, premiums are starting to fall. Insurance expert Ben Smithson said, “In order … [Read more...]
Insurance shock looming for latest car owners
Thousands of drivers could see their car insurance rocket if new uncapped data is used by insurers. Since 2009, Thatcham's Group Insurance Rating has placed vehicles into a 1-50 system by using a capped algorithm to help insurers determine the cost of cover. While there are no plans to replace the current process, raw data shared as a result of taking the cap off has seen around 500 cars surge … [Read more...]
Ten steps to saving on premiums
Here are some eye-opening ways to scrutinize and save on your car insurance. Moneyshake car leasing has looked at 140 quotes and come up with some tips to tip the premiums in your favour, with a few surprising facts. Moneyshake’s Top Findings: Third-party, fire and theft is 60% more expensive than comprehensive cover Decreasing voluntary excess can actually make your premium 25% … [Read more...]