This is going to be a tough year for families running cars who may be tempted to cut corners on costs. As the cost-of-living crisis deepens in 2025 with a second consecutive energy price cap rise and further utility bill increases on the horizon, hard-working households are also confronting difficult choices when it comes to car ownership, according to a new report from The Motor Ombudsman for … [Read more...]
Escalating costs of essential cars
New research by LeaseCar UK revealed drivers could have to pay up to £30,000 in their first year of owning a vehicle. It’s no secret that owning and running a car is one of the biggest outgoings, but one deemed as necessary by 69% of the UK. More than 11 million Brits have less than £1,000 in savings - making buying a car outright impossible for many drivers. That’s why LeaseCar UK has analysed … [Read more...]
Middle aged are most penalised drivers
Millennial drivers born between 1981 and 1996 have been named the most penalised generation, surpassing both Gen X and Gen Z on a per capita basis, according to a new report by used car specialists, Available Car. The report, based on multiple Freedom of Information (FOI) requests to the DVLA and an analysis of full licence holders across the UK by postal town uncovers the extent of reckless … [Read more...]
Uswitch throws spotlight on worst offenders
Uswitch car insurance recently conducted research to investigate the top driving offences from June 2023 to June 2024. Out of the total 1,141,283 offences recorded during this period, 961,530 were issued for exceeding speed limits on public roads or motorways (categories SP30 and SP50). When someone is convicted of a driving offence, their driving licence is ‘endorsed’ with penalty points that … [Read more...]
Premiums rise & much higher for older drivers
The cost of car insurance has risen by 18% year on year, according to new Premium Drivers research from Compare the Market but older drivers are being priced off the roads. The typical premium stood at £850 in May 2024 after rising by £132 over the previous 12 months. The increase in the cost of car insurance in the past year may in part be due to a rise in the cost of claims for insurers. … [Read more...]
Insurance costs hitting used cars’ stock
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...]
Use your car less and drive up bills and trouble
Cutting down on your car use and mileage might be a false economy in the long run, according to Vertu Motors. Cars provide convenience and freedom to motorists, but, with the current pinch on the cost of living, many Brits may be looking to cut down their mileage to save money. However, the experts at Vertu Motors have warned that car owners still need to maintain their vehicles, even if they … [Read more...]
Over 212,000 vehicles seized by police
Motorists in North Wales are most likely to get back a seized set of wheels but less likely to see their car again in the West Midlands. With 212,000 vehicles being impounded across the UK, just how many of these seized vehicles are actually returned to their owners? It is a quested posed by Confused.com which analysed Freedom of Information data from police forces across the UK to reveal how … [Read more...]
Beware of new insurance ‘admin fees’
Go.Compare car insurance says the number of policies that now charge admin fees has risen since this time last year. The comparison site has reviewed the 332 comprehensive car insurance products in the market in 2023 and compared the admin fees charged today, compared with the same fees charged in the same period in 2022. It found that the number of car insurance products that now charge … [Read more...]
Older drivers reluctant to switch insurers
Go.Compare car insurance has discovered that around more than 2.1million drivers, have not switched car insurance in the past decade or more. The findings, which asked drivers how often they have switched insurers, also discovered that the older generation are less likely to switch, with 12% of those aged 65 or more admitting that they have been with the same car insurer for more than 10 … [Read more...]
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