Drivers in South Wales have been hit with accelerating car insurance prices as the cost ramps up by £87 (13%) in a year. Car insurance in the region has now reached £765, according to the latest Confused.com car insurance price index (Q3 2017), powered by Willis Towers Watson – the most comprehensive car insurance price index in the UK based on more than … [Read more...]
Insurance News
Younger drivers’ perfect storm over premiums
A perfect storm is battering premiums for younger drivers, says MoneySuperMarket. Quarterly data from MoneySuperMarket, reveals that young drivers shouldered hefty car insurance premium increases from July to September 2017. Of the three main factors affecting premiums in 2017 - changes to the discount rate applied to claims pay-outs, the increase in … [Read more...]
Comparison websites’ activities exposed
The AA has given a cautious welcome to the Competition & Markets Authority final report on its investigation into digital price comparison tools, including price comparison websites. Comparison sites, which charge a fee to insurers, often have restrictive clauses that limit insurers’ ability to discount premiums on other sales channels. This leads to … [Read more...]
Parking wars come home
Almost a third (29%) of residents now have trouble finding a parking space outside their home and it is driving many Brits parking mad. GoCompare Car Insurance, looked at parking issues and found nearly half (49%) of those who have problems parking think the situation on their road has got a lot worse in the last 10 years with 19% saying that most days … [Read more...]
Tradelines 20 September
Despite rising fuel prices, UK drivers are split on government plans to ban the sale of petrol and diesel-fuelled vehicles by 2040. According to research, for Confused.com’s newly-launched weekly fuel price index over a quarter (28%) of drivers disagree with the ban, while a further 28% are positive about the proposals. … [Read more...]
Confused.com gets new CEO
Car savings Wales-based website Confused.com has confirmed that Louise O’Shea will be the company’s new Chief Executive Officer, succeeding Martin Coriat. He leaves in July to take on the role of CEO for Confused.com’s sister comparison website LeLynx based in Paris. The appointment of O’Shea as CEO heralds another shift upwards in gear for … [Read more...]
Newslines 8 September
The Hummingbird Bike engineered by Prodrive is the world’s lightest folding bike and is now on sale from £3,495. The bike has been in development for more than 18 months and is the British motorsport and advanced technology group’s first venture into cycling, weighs just 6.9 kg and has a unique three-step folding mechanism, which allows the bike to be … [Read more...]
Audi TT heading towards classic status
The Audi TT is the most likely modern car to become a future classic, according to more than a third of British and Irish drivers, despite only 5% having owned one. Polling over 1,000 drivers across the UK and Ireland, Carole Nash quizzed the nation about which car they think has the greatest chance of becoming a future classic, on the back of launching … [Read more...]
Uninsured vehicles rising after years of decline
More vehicles are being driven without insurance and having accidents. Approximately 58,000 were crushed last year - a rate of more than 1,000 a week. The Motor Insurer's Bureau, is looking at why they have increased in the year to July by almost 10% to about 12,000 after declining since 2004. MIB expects to pay out £256m from a fund provided by … [Read more...]
Budget buying best for younger people
One in five drivers prefer to budget and pay for their car on a monthly basis, says InsuretheGap. This is better than worrying about its total cost knowing they will upgrade once their finance contact runs out, according to the Opinium survey of 2000 UK drivers commissioned by InsuretheGap.com. The provider of Guaranteed Asset Protection insurance is … [Read more...]
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