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 converting classic cars to electric power goes … [Read more...]
Insurance News
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 a staggering 99% fewer offences than … [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 Services and Markets Act 2000 to identify … [Read more...]
Look after your van to look after your business
Vans are often a mission-critical asset for businesses, so it’s important to keep them on the road. From accidents to breakdowns, unplanned downtime can be disruptive and costly – so here are some hints to help reduce those risks. Allow time for daily checks Fleets operate some of the UK’s hardest-working vehicles. According to the latest BVRLA data, the average mileage for a new personal … [Read more...]
The answers at your finger-tips
It's coming up to the new number plate change and thousands of second hand models will be flooding the market, so specialist insurance broker ChoiceQuate has been looking at what buyers research most on-line, and the results may surprise you. Specialist insurance broker ChoiceQuote, has analysed search data to uncover the most asked questions on Google related to buying cars and car … [Read more...]
Northerners are more moral about scrapes
It's a scenario many drivers fear: you return to your parked car to find a fresh dent or scratch, with no note, no apology—just a silent testament to someone's hasty retreat. But how common is this hit-and-run attitude in the UK? A recent survey commissioned by Zego Van Insurance sheds light on the state of British honesty when it comes to minor car bumps. The findings are as intriguing as they … [Read more...]
Insurance premiums escalating to average £950
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 for insurers. High inflation rates … [Read more...]
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 fines were issued in 2022. With a … [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 between 15 – 20% each year, but, … [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 a moment in time when, having largely … [Read more...]