Specialist motor insurance loss adjuster, Claims Management & Adjusting has welcomed the new Association of British Insurers roadmap “to combat the rising costs of motor cover”, and recommended anti-theft number plate bolts as the best value solution. Philip Swift, a former detective, now Technical Director at CMA, said, “While we very much welcome the … [Read more...]
Insurance News
Poor reliability & higher costs drive change, says Carwow
Reliability and higher running costs are the top reasons for selling their motor according to a new survey by Carwow, the online car-changing marketplace. Nearly eight out of 10 respondents (78%) cited reliability as the biggest reason for changing their cars, while increased running costs (71%) came a close second on their list for choosing to … [Read more...]
Make your mark & understand what it means
In a week's time the new 24-plate will start appearing on vehicles, but over a third of people don’t even look at number plates when purchasing a car and 14% said they didn’t “have a clue” how many times a year UK registration plates are updated. Go.Compare has released a survey revealing mass confusion among drivers when it comes to a car’s number plates … [Read more...]
Buyers and traders clash over interest charges
Dealers need to “very urgently assess” the implications of recent moves from the Financial Conduct Authority on historical motor finance commissions, says the Vehicle Remarketing Association. While the subject has been gathering prominence in recent weeks following two recent rulings by the Financial Ombudsman, a new programme hosted by personal finances … [Read more...]
Thousands of drivers ignorant of revised Highway Code
More than half (55%) of UK drivers have not read the Highway Code since passing their driving test, a new survey has revealed, although it has been revised 24 times in the last nine years alone, says Go.Compare. The majority (83%) of respondents passed their driving test over a decade ago, making this a major concern for the nation’s road safety. The … [Read more...]
Essential to build NCDs, says broker
Car insurance premiums decrease by £745, a drop of almost a third (32%), after one year of no claims discount, according to Compare the Market. When drivers come to renew their policy, those who have not made a claim on their car insurance can typically receive a no claims discount, or no claims bonus, from a number of insurance providers, with the discount … [Read more...]
Driving tests heading for a crash, says broker Marmalade
Driving tests are heading for a crash with demand far exceeding available examination slots. New research shows demand for practical driving test slots across the UK far exceeds the DVSA’s ability for testing, despite the new measures it’s put in place. The data gathered through Freedom of Information (FOI) requests and existing Office for National … [Read more...]
Turning the corner with an electric classic car
Since the government’s announcement to ban the sale of new petrol or diesel vehicles by 2035 and as more electric and hybrid cars start to roll off production lines, converting classic cars to electric powered motors is increasing. In fact, searches for ‘electric classic cars’ have increased by 40% in the past month as the rising popularity of … [Read more...]
Welsh drivers sticking to limits – even before the 20mph reduction
Wales has the most law abiding drivers and that's was before the controversial 20mph default urban speed limit came into force last September. Gwent boasts the safest drivers in the UK, breaking the fewest amount of speed limits. With a population of 588,300, recorded speeding fines in this area averaged just 31 per 100,000 people and drivers committed … [Read more...]
Newslines 9 February
Car dealers face becoming the focus of a new customers financial scandal similar to PPI claims of the last two decades. The Financial Conduct Authority is investigating cases of finance houses not paying out compensation to customers over now-banned ‘discretionary commission arrangements’ and the watchdog is using its powers under S166 of the Financial … [Read more...]
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