Heavy rainfall from Storm Ciarán means flooding could be a worry for parts of the UK this week. Drivers should be aware that flooding can cause serious damage to cars and that not all types of car insurance will cover it, said Julie Daniels, motor insurance expert at Compare the Market. “You may be able to claim for flood damage if you have comprehensive … [Read more...]
Welsh drivers paying extra 43% in premiums
Motorists over 50 are facing substantial increases in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium for a driver aged between 45 and 54 is £551 in September 2023 – a £195 (55%) increase for the same month in 2022. The typical premiums for drivers aged between 55-79 have also risen by 54% … [Read more...]
Young drivers’ premiums soaring to unaffordable level
The cost of car insurance for young drivers has surged by an average of £594 (50%) in the past year, according to new Young Drivers research from Compare the Market. There are concerns that driving is becoming increasingly unaffordable for many young people. Premiums for motorists aged under 24 now reach up to £1,792 in August 2023 compared to £1,198 in … [Read more...]
Newslines 23 May
RM Sotheby’s has successfully conducted its biggest ever Villa Erba sale, grossing a remarkable €52,953,100 in front of a packed salesroom on the shores of Lake Como. The undeniable star attraction of the sale was the no reserve Aurora Collection, which sold for an astonishing cumulative value of €25,288,500 after hotly contested bidding throughout with a … [Read more...]
Holiday hires hidden horrors highlighted
Summer 2022 is setting out to be one of the busiest seasons for travel. With so many of us wanting to get back out to explore new destinations, renting a car provides extra flexibility while abroad. But did you know, there could be hidden costs within the reams of paperwork you have to complete before driving off? To help Compare the Market reveal five … [Read more...]
Putting a price on passion
Surveying the British public, Compare the Market has set up a fun interactive tool to measure how much you'd have to sacrifice to afford your dream car whether that's a Ferrari 488 GTB, Tesla Model S or Mini Hatchback. It looks at three types of automotive classes of Supercars, Luxury, and Popular Models. For car enthusiasts, a car is much more than a … [Read more...]
Electric dream or nightmare?
A major insurer broker has questioned the realities behind the ‘electric dream’. Commenting on the Prime Minister’s speech at the Zero Emission Vehicle Summit, Dan Hutson, Head of Motor Insurance at Compare the Market, said, “The two key issues holding back electric cars from becoming the norm are the cost and the infrastructure. "Electric cars, while … [Read more...]
August registrations soar in face of new cars ban
New car registrations in Britain soared last month on the eve of an EU change in law which would ban models not meeting the tougher WLTP emissions test. Thousands of models across Europe were heavily discounted by dealers backed by car makers anxious to clear unsold stock of the NEDC tested models. This push and the fact some car makers are struggling … [Read more...]
