The Tank of Mum and Dad Report from comparethemarket.com highlights just how reliant young drivers are on their parents to help them pay for insurance, petrol, repairs and motoring taxes. Over a third of parents (39%) said that they paid some or all of the costs for the duration of their child’s first year driving. 14% contributed for the first two years … [Read more...]
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...]
Tradelines 22 July
Two years since its market introduction, the Lamborghini Urus Super SUV, has reached the important milestone of the 10,000th car. The model with chassis number 10,000 is destined for Russia and is a landmark for the company which has seen its fortunes turn around as a result. Car insurance premiums decreased by £6 during June and now stand at an … [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...]
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...]
Three brands dominate UK insurance
Three car brands continue to dominate the ranking of most popular cars in the UK. Ford, Vauxhall and Volkswagen account for the top six most popular cars, representing almost a quarter of all enquiries on comparethemarket.com. The Ford Fiesta leads the way with 6.1% of enquiries followed by the Vauxhall Corsa and the Ford Focus with 5.4% and 3.8% … [Read more...]
Users must be at the heart of future ev plans
Citizens Advice is calling for the electric vehicle and energy sector to put consumers at the heart of the design process as new methods for charging electric cars are developed. The charity has developed a set of recommendations, based on its research examining drivers’ attitudes towards new ‘smart’ charging schemes. Sales of electric vehicles are … [Read more...]
Jobless hit hardest by insurers
Insurance companies are penalising policy holders who are unemployed, said Dan Hutson, Head of Motor Insurance. “Young people could pay nearly £900 more on average than over 65s for their motor insurance, and the unemployed could pay £440 more than the employed. Looing at comparethemarket.com’s latest motor snapshot highlights the differences in costs … [Read more...]
Tradelines 10 October
Fleets and dealers are starting to develop a modern, online version of the traditional “motor trade knowledge” to buy and sell vehicles, reports epyx. The development is the result of increasing use of more than one online channel over the last 2-3 years, meaning that there is greater awareness of the strengths of each platform for different types and … [Read more...]
