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 latest, powered by Willis Towers Watson. … [Read more...]
Newslines 13 September
Volvo is first to offer plug-in hybrid versions of its entire model range with launch of new XC40 T5 Twin Engine. The front-wheel-drive hybrid system uses 180hp three-cylinder 1.5-litre petrol engine with 82hp electric motor to achieve combined output of 262hp – highest figure in the XC40 line-up. With the UK set to bake in an Indian summer heatwave this weekend, and motorists set to take … [Read more...]
Insurance premiums penalise some jobs
Choosing the wrong occupation could land drivers in a situation where they are paying as much as 14% of their salary, just to insure their car. According to Confused.com, the driver savings site, doormen ranked second on the list of the 10 most expensive occupations for car insurance, paying out a whopping £3,215 on average. This burden is made worse when you consider the average salary for … [Read more...]
Tradelines 8 November
BMW is considering whether it needs to recall models in the UK after a million were found with potential fire risks in the US. There are two issues being investigated, one on 3 Series models and the other more widespread and affected models are being examined. Mitsubishi Motors in the UK has answered the changing requirements of today’s car buyers with the launch of its highly flexible … [Read more...]
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 June to insurance premium tax (IPT) and … [Read more...]
Motorists facing higher compensation premiums
Average car insurance premiums could increase by up to £75 a year as a result of a government ruling, industry experts have said. A new formula for calculating compensation payments for those who suffer long-term injuries has been announced by the Ministry of Justice, but the Association of British Insurers (ABI) called the decision "crazy". The Ministry of Justice said it had no choice … [Read more...]
Welsh motor sport under EU insurance threat
The future of Wales Rally GB and Circuit of Wales are unexpectedly under threat from a controversial ruling by a European Court. In future, both might have to pay enormous comprehensive public protection insurance premiums and see any competitors’ accidents reported to police as if they happened on public roads. Off-road rallies, grass-track, trials and other forms of two or four wheeled … [Read more...]