Wales has become a scrapyard for abandoned cars as the numbers dumped on the roadside has tripled (347%) in four years and Rhondda tops the pile. Dumping data obtained by Confused.com through Freedom of Information requests to the region’s councils, reveals a total of 12,456 cars were reported as abandoned throughout 2016 and 2017. To visualise the … [Read more...]
Insurance Features
Write-off changes surprise for some
As we enter the peak period for second hand car sales a survey of 100 consumers by vehicle history checker mycarcheck.com found that 89% were unaware of the recent write-off category changes. In October 2017, the old A, B, C and D categories were replaced with new codes, which focus on safety rather than the cost of repair: A (scrap), B (break), S … [Read more...]
Best sellers which won’t burn a hole in your pocket
If you are looking to buy a new car this March, InsuretheGap.com has analysed how the top ten best-selling petrol cars in 2017 have held their value in the last five years. A new car loses approximately 20 per cent of its value as soon as it is driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each … [Read more...]
Premium wars keeping down some costs for drivers
Car insurance premiums are still some 2% higher than at the end of 2016, despite falling from their highest ever level during the middle of 2017 when they touched £713.02. The average quoted Shoparound premium dropped over the last three months of the year by 1.7% to £666.94 (from £678.18 at the end of September). But Michael Lloyd, the AA’s … [Read more...]
Relay robbery rising
According to the latest figures from TRACKER, 96% of motorists it surveyed are at risk of having their car stolen by criminals using the latest theft technique - a relay attack. In 2016, 66% of TRACKER’s stolen vehicle recovery customer thefts’ were committed by way of a 'relay attack’, confirming just how prevalent this crime has become. Not only … [Read more...]
Tradelines 29 November
Allianz has launched Complete Mini Fleet, a new e-trade product which provides insurance cover for companies operating small fleets of between three and eight vehicles, or up to 15 vehicles at renewal. Available via Allianz’s e-trading platform QuoteSME, Complete Mini Fleet is Defaqto 5* rated. Targeted at business cars and goods carrying vehicles which … [Read more...]
Tradelines 8 November
BMW is considering whether it needs to recall models in the UK after a million were found with potential fire risks in the US. There are two issues being investigated, one on 3 Series models and the other more widespread and affected models are being examined. Mitsubishi Motors in the UK has answered the changing requirements of today’s car buyers with … [Read more...]
Demands grow to cut insurance premium tax
A report from the Social Market Foundation that puts the spotlight on the unreasonableness of Insurance Premium Tax reflects concerns previously raised by the AA. The study shows that the tax generates £4.8bn per year, or £179 for every household; and over the past two years has risen faster than any other tax. It doubled between October 2015 (6%) and June … [Read more...]
Premium prices accelerate for motorists
Drivers in South Wales have been hit with accelerating car insurance prices as the cost ramps up by £87 (13%) in a year. Car insurance in the region has now reached £765, according to the latest Confused.com car insurance price index (Q3 2017), powered by Willis Towers Watson – the most comprehensive car insurance price index in the UK based on more than … [Read more...]
Younger drivers’ perfect storm over premiums
A perfect storm is battering premiums for younger drivers, says MoneySuperMarket. Quarterly data from MoneySuperMarket, reveals that young drivers shouldered hefty car insurance premium increases from July to September 2017. Of the three main factors affecting premiums in 2017 - changes to the discount rate applied to claims pay-outs, the increase in … [Read more...]
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