New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height … [Read more...]
Insurance News
Key workers and unemployed hit by insurance costs
People unemployed and some ‘key worker’ professions face significantly higher car insurance premiums because of their job or employment status, according to new analysis by comparethemarket. A policy for someone who is unemployed was 40% higher than a comparative policy for an employed person, or 54% higher than an HGV driver which is the cheapest … [Read more...]
Tradelines 30 September
The pure electric Mazda MX-30 will begin at £25,545 for the SE-L Lux when it reaches showrooms next spring. Top model in the five-car series will be the GT Sport Tech at £32,845, after the PIVG allowance. Average car insurance premiums fell by £53 since the start of the lockdown, as many drivers were forced off the road and … [Read more...]
Thieves out to burst your holiday bubble
Wales-based comparison site GoCompare warns that fraudsters are targeting the boom in motorhomes and caravans. There’s been a dramatic rise in the number of insurance quotes for motorhomes and campervans as frustrated holidaymakers scramble to get away safely and independently. After months in lockdown at home people are eager for a change of scenery, but, … [Read more...]
Premiums and write-offs lower in Wales
Insurance premiums in Wales have dipped by about 5% over the last 12 months, as a report shows fewer cars are written off in Wales after accidents. The change was less over the summer at approximately 3% compared to the summer of 2019, according to figures from Comparethemarket. In Wales this year, the average premium is £572.33p and the UK figure is … [Read more...]
Claims collapse but will savings be passed on?
As expected, the number of motor insurance claims notified to insurers in the second quarter of the year significantly fell according to figures from the Association of British Insurers. The fall largely reflected the lockdown period, when far fewer vehicle journeys were made. Claim payouts during the period while also down, fell at a lower … [Read more...]
Newslines 28 August
A classic £1 Million Aston Martin DB5 similar to models in the James Bond films has been stolen in daylight from an address in Cheshire. There is a £1,000 reward for information leading to its recovery and the car is virtually unsaleable due to its rarity. Tesla is rumoured to be close to developing production batteries that are up to 50% more energy … [Read more...]
Newslines 27 August
About 400 jobs are going at the MINI plant, Cowley, Oxford. The company said it’s halving its contracting force following a slump in demand for the models in the coronavirus lockdown. Learners have to contend with another collapse of the DVSA on-line driving test booking system. It failed within hours of being restarted after the lockdown and then again … [Read more...]
What drivers hate doing
Over a third (37%) of UK drivers avoid driving on motorways (men 29% and women 45%), over half (52%) avoid city centres and 50% avoid parallel parking and parking on a hill. A Censuswide survey for InsuretheGap.com, an independent provider of Guaranteed Asset Protection car insurance, of over 1,500 UK drivers identifies the top situations that drivers … [Read more...]
Auto-renew at your own peril
With the September peak of car insurance renewals, GoCompare is warning about letting a policy auto-renew without checking for a better deal. One in five motorists allowed their insurer to auto-renew their policy without seeing if they could get the same cover for less money compared with 15% in February 2020. Number of drivers auto-renewing is worth £6.7 … [Read more...]
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