A new report sheds light on the practices price comparison websites are implementing to persuade vulnerable young drivers to part with their hard-earned cash - when they already pay 149% more than national average on their insurance. Earlier this month the Financial Conduct Authority released an assessment of the insurance industry, which lifted the lid on … [Read more...]
Insurance News
North Wales hit by rising van thefts
Van thefts in North Wales have doubled in 12 months but fallen by 75% in South East Wales. CV theft across the UK has soared by 45% over the last four years with 30,000 vehicles stolen since 2015, according to research by Volkswagen Commercial Vehicles. A total of 32,056 vans have been stolen over the last four years with almost 10,000 thefts recorded … [Read more...]
Ghost brokers’ deals will haunt you
GoCompare Car Insurance is warning drivers to swerve away from heavily discounted car insurance deals advertised on social media or marketplace websites, and to trust their gut instincts. Victims of fraudsters known as ‘ghost brokers’, lose on average £769 and face penalties for uninsured driving. "Ghost broker" is the name given to someone who poses as … [Read more...]
Speeding tickets hit record
The number of speeding tickets issued to motorists in England and Wales has hit a record high, according to government figures. They show that there were over 2.1 million speeding offences recorded in 2018, up by almost 100,000 on the previous year's figures. With the number having increased year on year since 2011, speeding now represents 85% of all … [Read more...]
Used cars three times as popular as new – AACars
Motorists are three times more likely to be driving a car they bought used rather than new, according to the AA’s used car website. The AA-Populus poll of more than 15,000 drivers found that 29% had bought a ‘nearly new’ car most recently, compared to the 26% who opted for a brand new car, and 25% who bought a used car which was more than five years … [Read more...]
Green plates plan for EVs
If green number plates are introduced to mark out electric cars, research from a Welsh insurer shows it will accelerate the take up of low emission models. A large proportion of British motorists – over 8 million - are expected to make the switch to an electric or hybrid car in the next five years. This week, the DfT published its suggestions for the new … [Read more...]
Police nick the cheapest car insurance
It's a fair cop - police officers benefit from cheapest car insurance Police professionals can expect the cheapest car insurance quotes on the market, according to new research by Quotezone.co.uk. The median insurance quote for police and community support professionals in the UK is £499. Driving instructors and examiners are on their tails at £615; … [Read more...]
Newslines 14 October
The next Nissan Juke will be assembled in its Sunderland plant after a £100M investment. The confirmation came just days after Nissan ended night shifts at the plant which opened in 35 years ago but the future of the Qashqai being built there is uncertain as the car makers wants to study and react to Britain’s Brexit deal. Automotive charity BEN has found … [Read more...]
Premiums jump for Welsh drivers
There’s bad news for drivers in Wales, as latest data reveals the average cost of car insurance has increased in the past 12 months, but savvy drivers can combat these rises by shopping around. New figures reveal the average price of car insurance in Wales is now £686 following a £12 (2%) increase over the past year. That’s according to Confused.com’s … [Read more...]
Premiums continue to fall despite IPT hike
Average premiums have continued to fall in the third quarter of 2019 indicating a trend of reducing premiums, according to the latest Premium Drivers report from comparethemarket.com. While premiums have historically fluctuated throughout the year, average premiums are now markedly lower than the same time last year. In Q3 2018, average premiums were £732. … [Read more...]
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