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...]
Insurance News
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...]
Running costs drive motorists’ buying decisions, says Startline
The effect of rising living costs on which used cars are chosen by consumers has grown strongly in the last six months, according to September’s Startline Used Car Tracker. Running costs are the most important factor now named by 74% of motorists compared to 62% in April, followed by the cost of living, which is now at 65% against 61% over the same period. … [Read more...]
Newslines 4 September
The fifth generation, all-electric MINI Cooper will be unveiled at the German Motor Show in Munich this week. It will be available in E or SE grades with 190 or 250 miles range and priced from £30,000 next Spring. EDF’s small and medium-sized enterprise business customers can now save up to 40% on the cost of an electric vehicle through DriveElectric’s … [Read more...]
Premiums catching up with repair costs
The recent surge of 21% in annual car insurance premiums does not come as a shock, said the National Body Repair Association. Wayne Mason-Drust (below) NBRA board member, explained this development, “For almost a decade, the cost of repairing a car following an accident has increased far below inflation. "Car insurers have tightly controlled repair costs … [Read more...]
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