Motorists are facing a substantial 52% increase in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium stands at £950 at the end of December 2023 after rising by £326 over the previous 12 months. The significant rise in the cost of car insurance may in part be due to a rise in the cost of claims … [Read more...]
Insurance News
Catching the speeders & places to avoid
Pay-as-you-go insurer Veygo, has revealed the UK regions which see the highest number of speeding fines. New data obtained by Veygo from a Freedom of Information request of police forces recorded speeding fines, has revealed the hotspots where the offence is committed the most. Of the 25 police forces that responded, over one million (1,049,640) speeding … [Read more...]
Depreciation decisions don’t count for many drivers
Four in ten drivers do not consider depreciation when they are buying a car, according to a 2023 Opinium survey of 2,000 drivers. Depreciation is the difference between what you pay for a car and the amount you can get back when you sell or trade it in and a new car generally loses approximately 20% of its value when it is driven off the forecourt, and then … [Read more...]
Electric SUVs charging into van market
Electric SUVs are being chosen by some fleets as an alternative to diesel and electric vans, Arval UK is reporting. The company says that as long as the space, payload and towing capacity offered by eSUVs is adequate, they can bring a wide range of advantages over their electric van (e-van) counterparts. Ben Edwards, Consultant, said, “We’re at … [Read more...]
Mounting concern over insurance cover
It can be easier than expected to invalidate your car insurance. Searches for ‘what can invalidate your insurance’ have risen 133% in the last 12 months totalling 2,140 searches by Brits. Brits were also found to be interested in modifications which without declaration can invalidate insurance. ‘Personalised number plates’ received an average of 3,840,240 … [Read more...]
Insurance costs major worry to motorists & EV cover soars
Almost three out of four motorists (73%) are worried about car insurance costs rising in 2024, reveals latest research. The January Startline Used Car Tracker also shows that 67% are concerned about rising petrol and diesel prices and 34% about the cost of servicing. Additionally, there is apprehension about not just the cost of running an … [Read more...]
EVs being priced out of reach for many, says analysis
The cost-of-living crisis is causing a drop in demand for electric vehicles as these cars are typically more expensive than petrol equivalents, according to Compare the Market comparison site. Sales of new electric cars have declined by 17.1% year-on-year in November according to figures from the Society of Motor Manufacturers and … [Read more...]
2023 was the year of the rat for motorists
Everyone knows a car breakdown can mean a nasty repair bill, but new data from the RAC reveals that it’s not always a head gasket or a catastrophic engine failure that can cost you hundreds of pounds. Strangely, it can sometimes be very small creatures that cause very big problems. The RAC has seen record numbers of mice, rats and foxes ‘surprising’ … [Read more...]
Avoid a flat start to 2024, say RAC
The RAC is warning drivers to plan ahead to avoid an unwelcome post-holiday tradition: ‘the flat battery blues’. Typically, the first working day after the festive break is one of the busiest of the year for RAC breakdown patrols, due to thousands of cars being left idle over the holidays. Coupled with cold, damp weather, this period of inactivity drains … [Read more...]
£11.2 billion tied up in unused cars
UK drivers could be sitting on a staggering £11.2 billion tied up in unused cars, a new study estimates. That’s the equivalent of a festive turkey feast for almost 439 million households or 17 million fully funded Christmases. There are now over three million cars with a SORN (Statutory Off Road Notification) declaration in the UK with a potential average … [Read more...]
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