Drivers using airport valet parking services warned to check their insurance before handing over their keys. Gocompare.com Car Insurance is warning drivers to check their insurance before handing over their car keys to a valet parking service - or risk picking up the cost of repairs if their vehicle is damaged. A review of 230 comprehensive car … [Read more...]
Comprehensive cover climbs in cost
The average price paid by motorists for an annual comprehensive motor insurance policy rose by 2.1% in the second quarter of 2015 compared with the previous quarter, according to figures from the Association of British Insurers. The ABI’s Quarterly Average Private Comprehensive Motor Insurance Premium Tracker shows an average premium of £367 for the … [Read more...]
Why young and old can pay more for insurance
The Association of British Insurers has published new data which shows why age is an important factor in deciding premiums for motor insurance policies. The data shows the average premiums that customers of different age groups pay for their car insurance, compared to the cost of the average claim they make. Younger drivers between 18-20 years pay … [Read more...]
New age of opportunity for insurance industry
Technology and data acquisition is creating new opportunities for insurers and dealers even if drivers are not willing to accept the most advanced forms of automated driving, said Janet Connor, managing director of AA Insurance. Speaking to around 500 insurance brokers today she pointed out that in-car technology not only provides safety-related features … [Read more...]
Marmalade will get youngsters out of a jam
Motorpoint has teamed up with Marmalade to enable young drivers between the ages of 17-24 to buy and insure their next car online. It has identified a comprehensive range of new and nearly new low mileage cars from manufacturers such as Citroen, Ford, Hyundai, Peugeot, Renault, Vauxhall and VW. Prices start from as little as £4,999 for a Seat Mii 1.0 S … [Read more...]
Premiums “unsustainable” in face of unrelenting fraud claims
The shoparound average premium has fallen by a fiver over first quarter of 2015 but low premiums cannot last, say the AA. There was good news for motorists as the average quoted premium for a typical annual comprehensive car insurance policy fell over the first three months of the year. That’s according to the latest benchmark AA British Insurance … [Read more...]
Braking the rise of insurance premiums
You could apply the brakes to rising insurance premiums with some careful brochure bashing. Ferrari or Fiat 500 – everyone knows the cost to insure these cars will be as different as their performance – but few are aware that choosing a car with new auto-emergency-braking technology can cut the cost of insurance, year after year, according to a survey of … [Read more...]
Payment perils of automatic insurance renewal
Laziness is costing motorists money. Gocompare.com's latest survey reveals that 5.7 million motorists a year fall into the auto-renewal trap by simply allowing their car insurance to automatically renew without checking other quotes first. March is traditionally one of the busiest months for car insurance renewals due to the high volume of new car … [Read more...]
Average premium for young driver is over £2,200
Wales' based Gocompare.com says the cost of getting a young driver on the road is now £6,768, with insurance costs making up around one third of the total bill. The price of becoming a new driver has increased by just over 18% in the last five years, largely driven by youngsters and parents spending on average £3,825 on their first car, up from £2,477 in … [Read more...]
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