North Wales Police face a £100,000 bill for selling an impounded luxury motor home without the owner’s permission. The Unimog based vehicle from Germany was taken in October last year when its German owners asked a policeman for directions and couldn’t produce insurance, which was obtained in December but after NWP sold it and it was stripped for parts, it's been reported by the BBC. Alfa Romeo … [Read more...]
Insurance News
Rip off insurance admin fees uncovered
Changing the name, address or job title on your car insurance policy seems straightforward enough, but you’ll often find that there can be a fairly hefty admin fee attached to making such a simple change and it amounts to about £592,969,306 from drivers each year. Choosemycar analysed the terms and conditions of over 80 of the UK’s car insurance providers to see how much they charge to make small … [Read more...]
Your job comes at a premium for insurers
Vanarama has analysed the UK's 100 most common job titles to reveal which occupations are considered most high risk by car insurance companies therefore charged the most for premiums and there are some surprising findings. To do this, they entered the average UK’s drivers details into the UK's largest car comparison website 100 times, changing only the job role each time. This showed which … [Read more...]
Counting the costs of Coronavirus
The coronavirus lockdown has left many households living on significantly reduced incomes. As a result, millions of drivers are struggling to meet the cost of running their car, while a significant minority (4% = 1.3 million) say they will be forced to sell their vehicle. GoCompare Car Insurance is offering practical, actionable advice to drivers concerned about meeting monthly finance or … [Read more...]
Finance company develops “sofa showroom”
Close Brothers Motor Finance has bolstered its Showroom proposal platform by giving motor dealers the opportunity to bring the showroom directly to their customer’s home with remote quote and apply. The enhanced functionality to the Showroom platform will enable dealers to email vehicle quotes directly to the customer following initial discussions around the vehicle and finance options. … [Read more...]
Buyers looking for dearer models after lockdown
Data from the online car marketplace BuyaCar.co.uk reveals that the average price of cars being reserved for purchase when lockdown is eased has shot up to a record level. Average prices paid on BuyaCar.co.uk fell to a three-year low of £11,366 during April this year - down from £13,590 paid during April 2019. But the first week in May has seen the average price of a car reserved for future … [Read more...]
Ask insurers for premium refunds over lockdown
GoCompare is urging drivers who are concerned about paying their car insurance premiums to contact their insurer as soon as possible, rather than wait for a refund. The comments follow Admiral’s decision to refund £25 to each of its car insurance customers, which has prompted speculation about what other insurers might do. In GoCompare’s view, other insurers may not rush to offer refunds, but … [Read more...]
Speeders monitored by trackers
While there has been a considerable drop in the number of drivers on UK roads, insurethebox, the UK’s telematics insurance pioneer, recorded a 24% increase in speeding propensity between February and March. As a result, the firm has sustained its award-winning pro-active communication strategy with persistent speeders, with a very clear message that speeding increases the risk of emergency … [Read more...]
Speeders fines and lockdown after lockdown
As police forces report a dramatic rise in speeding on the UK’s deserted roads, GoCompare Car Insurance warns that in addition to posing a serious risk to other road users and increasing the pressure on emergency services, drivers caught speeding face much higher insurance premiums or a driving ban. Government advice to stay at home to combat the spread of the coronavirus has … [Read more...]
More business to go digital
The lockdown is leading to a rapid expansion in the digitisation of fleet services, says the Association of Fleet Professionals. Co-chair Paul Hollick explained that the trend could be seen right across the spectrum of the industry, from service providers to how employers communicated with drivers. He said: “Much of this trend has been prompted by the sudden and widespread switch to home working … [Read more...]