Insurance premiums are rising again. Dan Hutson, head of motor insurance, comparethemarket.com, said, “After motor premiums reached their lowest level in over four years last month, they are now back on the rise. “The average car insurance price during May was £715, an increase of £36, or 5%, on April. As lockdown eases and more cars are returning to the … [Read more...]
Insurance News
Jams & bigger bills for commuters
Longer jams and higher insurance premiums will welcome commuters when lockdown ends with indications of an almost doubling in private cars being used to replace public transport, particularly in Wales. Millions of drivers could see a spike in their motor insurance premiums in the coming months as the number of people driving to work increases and face … [Read more...]
Newslines 16 June
Britain’s first end-to-end online car maintenance service provider revealed national survey results which show that UK drivers have not prepared their vehicles for summer holidays. Results from a national Fixter survey shows that 70% of Fixter customers are planning to spend their holidays in the UK this year and will rely on their cars for road-trips and … [Read more...]
Newslines 6 June
GoCompare is warning would-be car buyers to check their insurance before heading out for a test drive because 92% of policies don’t cover driving cars other than their own. If a motorist test drives another vehicle without checking they’re covered, they could be prosecuted for driving without insurance. Dyfed Powis Police has stopped and turned away from … [Read more...]
Tradelines 3 June
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, … [Read more...]
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 … [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 … [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 … [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 … [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 … [Read more...]
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