Almost one in three (32%) UK drivers have had a car written off by an insurance company (men 35% and women 30%) and 8% twice or more. London drivers are the most likely to have written off a car, with almost half (48%) having had a car written off by an insurance company. This is almost twice as high as other regions including Wales (23%) and the West … [Read more...]
Insurance News
Rising used costs push up accident & write-off payouts
Surging used cr prices have created an unexpected problem when accidents happen, accoding to the National Body Repairers Association. “Following claims that a surge in the price of second-hand cars is driving up the cost of accident repair claims, the NBRA agrees that there is a danger that some insurers may not recognise this fact, and instead will … [Read more...]
Is your driving licence up to date?
Co-op Insurance is urging motorists not to delay in renewing their driving licence as figures obtained from the Driving and Vehicle Licensing Agency show that a huge 2.5 million motorists will see their driving licence expire before 31 August 2022 – over 6% of the total 40,666,276 licences in operation today. What’s more, data shows that over 450,000 … [Read more...]
Newslines 9 November
Drivers missed out on £2.3million of savings by not renewing their photocard driving licence using DVLA’s online service, according to the DVLA. Between April 2020 and March 2021, around 23% of the two million renewal applications it received were sent in either by post or via the post office but renewing a photocard driving licence using GOV.UK costs £14 … [Read more...]
More are driving less and saving money
GoCompare Car Insurance, says less than one in five, some 18%, of drivers have returned to pre-pandemic driving habits, with 21% saying they now walk more rather than using their car, and will continue to use their cars less in the future. A further 7% of people who took part in the survey said that they’ve already dropped the number of cars in their … [Read more...]
Tradelines 3 November
The average prices of both petrol and diesel hit new record highs in October after rising by nearly 7.5p and 8p respectively – with the price of unleaded rising faster than in any month since 2000, reports RAC Fuel Watch. On Sunday 24 October petrol exceeded the 142.48p a litre all-time peak set on 16 April 2012 by reaching 142.94p, then the price has … [Read more...]
Young applying brakes to driving
Passing your driving test was once seen as a rite of passage for most youngsters, but times are changing. The number of young people getting behind the wheel now declining, research conducted by the UK’s largest independent road safety charity, IAM RoadSmart, has indicated why many young people aged 17-24 have put the brakes on learning to … [Read more...]
GoCompare say motoring costs are falling for new drivers
The overall cost of getting on the road has dropped from £6,846 in 2019 to £5,703 in 2021. A new report out today from GoCompare Car Insurance has revealed that the cost of getting a young driver on the road has fallen to a three-year low of £5,703, down from £6,071.00 in 2020 and £6,846 in 2019, representing a 20% fall over three years. The combined … [Read more...]
EVs cheaper to insure than petrol or diesel cars
GoCompare car insurance data shows Electric Vehicles are now cheaper to insure than petrol or diesel cars. The average cost of insuring an electric car in July 2021 was £484, compared with £489 for a petrol vehicle and £534 for a diesel car. The average cost of insuring electric vehicles has also seen a steady decrease since 2019 – with a £65 drop in … [Read more...]
100,000 drove without insurance last year
Uninsured drivers have passed the 1000,00 mark, according to data obtained by Confused.com . It found the number of motorists caught driving without the correct insurance increased from 86,914 in 2019, to 100,983 in 2020. This means, those caught could have collectively paid as much as £56million in fines over the two years, based on the minimum … [Read more...]
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