Longer jams and higher insurance premiums will welcome commuters when lockdown ends with indications of an almost doubling in private cars being used to replace public transport, particularly in Wales. Millions of drivers could see a spike in their motor insurance premiums in the coming months as the number of people driving to work increases and face … [Read more...]
Insurance premiums slight rise, so shop around
The cost of car insurance across Wales has increased in the past 12 months, shows new data. The average price of car insurance in the region has accelerated by £21 (3%) in the past year to now stand at £699, according to the latest Confused.com survey of more than six million quotes every quarter, the most comprehensive car insurance price index in … [Read more...]
Ghost brokers’ deals will haunt you
GoCompare Car Insurance is warning drivers to swerve away from heavily discounted car insurance deals advertised on social media or marketplace websites, and to trust their gut instincts. Victims of fraudsters known as ‘ghost brokers’, lose on average £769 and face penalties for uninsured driving. "Ghost broker" is the name given to someone who poses as … [Read more...]
Premiums jump for Welsh drivers
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 … [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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
