Scores of more cyclists are likely to be on the roads this Thursday, which is Cycle to Work Day. Experts from cycle insurance providers, ALA Insurance, have shared a warning to drivers to follow new rules when it comes to safely sharing the roads which some motorists mayn’t be aware of and pay a hefty price. The rules are part of Highway Code changes … [Read more...]
Insurance News
Younger drivers turning towards subscription services
New data from Wagonex revealed that younger drivers are most likely to acquire a car on subscription. Drivers aged 26-35 are six times more likely to get a car on subscription than those aged 56-65, and eleven times more likely than those aged 65+. With the latest sector statistics revealing that the UK’s car subscription market is the biggest in Europe … [Read more...]
Vehicle thefts soaring again & Wales in top five
Over 350 vehicles a day are taken and a large number are never seen again, according to the latest ONS crime report. Government data shows that there were nearly 130,000 recorded vehicle theft crimes in the 12 months to March 2024, and many end up broken for parts or shipped abroad for resale. One region in Wales was in the top five favoured by … [Read more...]
Tradelines 24 July
In June 2024, EU car registrations increased by 4.3%, driven by gains in three out of the region’s four major markets: Italy (+15.1%), Germany (+6.1%), and Spain (+2.2%). In contrast, France saw a decline of 4.8% last month but the registrations of BEVs accounted for 14.4% of the EU car market, down from 15.1% the previous year while hybrid-electric … [Read more...]
Insurance probe launches into companies
Insurance is meant to provide peace of mind and vital support for people during what can be some of the worst times of their lives. But consumer champions Which? found that far too often insurers are piling misery onto their own customers. Our latest research revealed that nearly two thirds of people with valid complaints last year suffered distress and … [Read more...]
Get more for less when buying a car
When it comes to purchasing a car, getting the best deal doesn't always mean buying at the lowest price. Beyond the sticker price, you need to consider the overall value of the vehicle, the timing of your purchase, and your negotiation strategy. The motor insurance experts at InsureDaily.co.uk have offered some insider tips to guide your next car … [Read more...]
Tradelines 10 July
INEOS Automotive becomes part of a portfolio of 45 carmakers in the UK that have so far pledged their adherence to The Motor Ombudsman’s Chartered Trading Standards Institute best practice, and to going beyond the standards required by law with regards to the provision of new vehicles and new car warranties. The 4X4 maker’s accreditation under the Vehicle … [Read more...]
Add more for less and get a lower premium
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 … [Read more...]
Wish list to put the wheels under UK economy
Following last week's General Election, the automotive sector has written its wish-list for the new Labour Government and what it sees as priorities to boost sales and the economy on wheels. The RAC is calling for the new Labour Government to urgently tackle the most pressing concerns of the UK’s 40m motorists in its new transport policy. The poor state … [Read more...]
Financiers must support EV sales
Almost all dealers (97%) surveyed in June’s Startline Used Car Tracker say that more support is needed from motor finance providers for electric vehicle (EV) funding. In the research, 52% say their lenders are less keen to finance EVs, 45% charge higher finance rates and 21% want higher deposits. Also, 14% say their lenders won’t finance EVs at … [Read more...]
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