Have an accident in Wales and your car is less likely to be written off than any other part of Britain, according to the latest analysis. One in three (37%) UK drivers have had a car written off by an insurance company, with this rising to two fifths of men (41%), compared to a third of women (33%). In the Opinium survey of 2,000 UK drivers, for … [Read more...]
Insurance News
Newslines 31 October
A Newport City Council report states the switch to 20mph speed limits in Wales could end up increasing air pollution levels in some parts of Newport, says Welsh Conservatives Shadow Transport Minister, Natasha Asghar MS. “As time goes on it is becoming clearer that Labour’s arguments for 20mph speed limits are falling apart around them. With Labour’s … [Read more...]
Lexus and Genesis plan updates
The Lexus LS flagship limousine will benefit from technology, safety and comfort enhancements for the 2024 model year and the range structure is also being revised. Across all versions, the LS adopts the latest third generation Lexus Safety System+. This includes a new Driver Monitor and Lane Change Assist function, while Intelligent Park Assist is provided … [Read more...]
Welsh drivers paying extra 43% in premiums
Motorists over 50 are facing substantial increases in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium for a driver aged between 45 and 54 is £551 in September 2023 – a £195 (55%) increase for the same month in 2022. The typical premiums for drivers aged between 55-79 have also risen by 54% … [Read more...]
Con-artists are recovering their own cars
The latest used car scam is restealing, warn investigtors. The UK’s oldest specialist motor insurance loss adjuster, Claims Management & Adjusting, has reported a worrying increase in the used car scam, particularly in the North of England. The con sees an unsuspecting consumer purchasing a cloned vehicle, only to have it stolen within days by the very … [Read more...]
Motorists expect higher costs in 2024
Motorists expect the cost of running their car to continue to rise across all major areas of spending in 2024, new research shows. October’s new Startline Used Car Tracker shows that 70% think congestion zone charges will rise and the same percentage expect service and maintenance to increase. Other costs expected to go up include motor insurance (67%), … [Read more...]
KIA is king but Stellantis is hopeless, say traders
Kia is the best and Stellantis the worst brands to be selling, say car dealers. The NFDA Dealer Attitude Survey was conducted last month and asked franchised dealers questions about the on-going business relationship with their respective manufacturers. It brought 2,531 responses from 32 franchised networks, equating to a joint record response rate of 68%. … [Read more...]
Newslines 29 September
New research uncovers the average price of getting on the road for new drivers now stands at £11,137 - 47% more than just two years ago, when the expense amounted to £7,592. The cost of living has made it even harder for new drivers to get on the road and searches for ‘cost of learning to drive’ have been up by a staggering 1500% in the past month, with … [Read more...]
Motorists ill-prepared for emergencies, says Go.Compare
Less than a fifth of drivers feel prepared for dealing with a vehicle emergency, a new survey from Go.Compare Car Insurance has revealed. The insurance comparison site asked UK motorists whether they feel equipped for a car maintenance emergency, but shockingly, the majority of motorists did not think they were, with 82% stating as such. Men claim to feel … [Read more...]
Insurers with-hold £47M of claims from motorists
GoCompare car insurance revealed that over £47 million worth of motor insurance claims were unsuccessful during the second half of 2021, the last available period for checking. Using Financial Conduct Authority (FCA) data, the insurance comparison site calculated that more than 14,000 motor insurance claims were rejected between July and December of 2021, … [Read more...]
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