The cost of car insurance has fallen by £72 (-8%) year-on-year, according to new Premium Drivers research from Compare the Market. The average premium declined to £776 in September 2024, compared to £848 in September 2023. August 2024 and September 2024 were the first months where car insurance premiums have been cheaper than the same period in the previous … [Read more...]
Insurance News
Escalating costs of essential cars
New research by LeaseCar UK revealed drivers could have to pay up to £30,000 in their first year of owning a vehicle. It’s no secret that owning and running a car is one of the biggest outgoings, but one deemed as necessary by 69% of the UK. More than 11 million Brits have less than £1,000 in savings - making buying a car outright impossible for many … [Read more...]
Remove tax barriers to safety and save lives, says IAM RoadSmart
The UK’s leading road safety charity, IAM RoadSmart, is calling on the Chancellor to take steps to both saves lives and reduce the impact of road traffic collisions in her Autumn Budget. By incentivising the take-up of additional road safety courses through the tax system, it will also help save motorists money as the UK emerges from a cost-of-living … [Read more...]
Middle aged are most penalised drivers
Millennial drivers born between 1981 and 1996 have been named the most penalised generation, surpassing both Gen X and Gen Z on a per capita basis, according to a new report by used car specialists, Available Car. The report, based on multiple Freedom of Information (FOI) requests to the DVLA and an analysis of full licence holders across the UK by postal … [Read more...]
Insurance task force to probe car premiums
The FCA has announced it’s looking into premium finance – the unjust ‘tax on being poor’ for those who can’t pay for their insurance upfront each year and are charged excessive monthly rates of interest as a result. "This is a positive step, but it must lead to real action and consequences for insurers who are ripping us off," said a Which? spokesman after … [Read more...]
Over-priced EVs see resale values fall most
A new study from GAP Insurance provider, ALA Insurance has crunched the data on new and used cars to reveal which hold their value better than others. Using new and used car data for 47 of the most popular and reliable vehicles on the market, the research confirms that the Audi Q4 e-tron has the highest annual depreciation rate of any other car. Introduced … [Read more...]
Teenage tearaways beware – of older drivers!
Middle-aged drivers are 35 times more likely to speed or commit a motoring offence than teenagers, according to information gathered by Uswitch comparison site. Uswitch car insurance recently carried out research to determine the worst offenders, including which age groups are convicted the most, as well as which area of the UK the most offences … [Read more...]
Tradelines 2 October
Eye snatching is the term being applied to the increasing number of LED headlight thefts worth thousands of pounds for each unit. Thieves are increasingly targeting expensive models to hack out and disconnect the multi-lenses to be sold on the parts' black market, said Philip Swift, Technical Director at Claims Management and Adjusting. Europe's component … [Read more...]
Pay-per-month insurance rip off
Six months after Which? revealed eye-watering interest rates being charged to insurance customers paying monthly, new analysis reveals that little has changed. In August, the consumer body surveyed 49 car insurance firms and 48 home insurance firms to find out what they charge customers using 'premium finance' to pay for their insurance in monthly … [Read more...]
Uswitch throws spotlight on worst offenders
Uswitch car insurance recently conducted research to investigate the top driving offences from June 2023 to June 2024. Out of the total 1,141,283 offences recorded during this period, 961,530 were issued for exceeding speed limits on public roads or motorways (categories SP30 and SP50). When someone is convicted of a driving offence, their driving licence … [Read more...]
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