More than three out of four (77%) dealers say that rapidly rising insurance costs mean that some cars have become difficult to sell. Startline’s December Used Car Tracker also reports that half (50%) think that some cars have become effectively uninsurable, so are probably unsellable. The research also reports that 23% think that it has become well-known among both trade and consumers that … [Read more...]
Cost of getting on the road has fallen
A new report from Go.Compare Car Insurance has revealed that the cost of getting on the road in 2023, including the cost of a first car, has fallen to £5,947.40 from £6,574 in 2022. The comparison site has researched these costs as it celebrates its own 17th birthday – an age where many of us would be looking at taking to the roads. This is the first time in four years that the report has … [Read more...]
Running costs drive motorists’ buying decisions, says Startline
The effect of rising living costs on which used cars are chosen by consumers has grown strongly in the last six months, according to September’s Startline Used Car Tracker. Running costs are the most important factor now named by 74% of motorists compared to 62% in April, followed by the cost of living, which is now at 65% against 61% over the same period. Similarly, inflation has risen from 26% … [Read more...]
Seven ways to slash car insurance
The fastest rise in the cost of living for a decade is going to put more pressure on hard-pressed families this year, so saving money on day-to-day expenses is all the more important. Fortunately, when it comes to motoring insurance there are straightforward ways to keep costs down. Car insurance comparison website Quotezone.co.uk offers some handy tips to save the pounds: Check your … [Read more...]
Tradelines 3 November
The average prices of both petrol and diesel hit new record highs in October after rising by nearly 7.5p and 8p respectively – with the price of unleaded rising faster than in any month since 2000, reports RAC Fuel Watch. On Sunday 24 October petrol exceeded the 142.48p a litre all-time peak set on 16 April 2012 by reaching 142.94p, then the price has continued to rise, finishing the month at … [Read more...]
Over £12M fines for Welsh speeders last year
More than 121,000 motorists were caught speeding in Wales last year, despite the ‘stay at home’ order. That’s according to new Freedom of Information data obtained by Confused.com, which suggests drivers in the region collectively paid out at least £12 million in fines for speeding last year, based on the minimum fine a driver must being £100. According to the data, police forces in Wales … [Read more...]
Steep rise in compulsory excess on motor policies
Research from GoCompare reveals that since 2012, the average cost of compulsory car insurance excesses has risen well above the rate of inflation. Depending on their policy, drivers can now face compulsory excesses for a fire, theft or accidental damage claim of up to £3,000, compared with a maximum of £475 in 2012. Average excesses for accidental damage claims have risen by 26% from £132 in … [Read more...]
Black boxes putting the brake on cheaper insurance
A data-dilema is putting the brakes on sales of motor insurance linked to telematics. One of the main obstacles to telematics uptake is that many drivers (56%) are not comfortable sharing personalised driving data with providers, as they might be nervous of being badged a bad driver. Of those who have not purchased a telematics policy, nearly one in five (19%) didn’t want to run the risk … [Read more...]
Sacrifices for a super-car or shopping car explained
The savings you would make to own a supercar have been probed. Compare the Market reveals that over 40% of car enthusiasts would consider cutting back on monthly spending to afford a luxury or supercar in the UK but how far would we really be willing to go to afford our ideal motor? The study revealed that 23% of female car enthusiasts would move back in with parents for a decade to be able … [Read more...]
Premium prices accelerate for motorists
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 6 million quotes a quarter. Car … [Read more...]