A report from the Social Market Foundation that puts the spotlight on the unreasonableness of Insurance Premium Tax reflects concerns previously raised by the AA. The study shows that the tax generates £4.8bn per year, or £179 for every household; and over the past two years has risen faster than any other tax. It doubled between October 2015 (6%) and June … [Read more...]
Motorsport ban looms after tomorrow
All motorsport is under threat from the European Court, and your action today can help save it, writes Guild of Motoring Writers committee member Laura Platman. This is a serious threat not just to competitors and the motorsport industry but also to journalists and media organisations producing coverage of the sport and EU consultation closes tomorrow, 20 … [Read more...]
Automated driving to cut accidents, but at what cost?
British Insurers have highlighted the potential dangers of ‘autonomous ambiguity’, as vehicles with different levels of autonomy, or driverless technology, increasingly become a feature of UK roads. With important and wide-reaching changes being defined by international regulators on what Assisted and Automated systems can and can't do, the Automated … [Read more...]
Changing trends in travel highlighted, says RAC
The National Travel Survey gives us an eye-opening view on the long-term changing trends in travel across the UK, says the RAC, “The number of young people learning to drive is clearly decreasing, with the main reasons given for this being a lack of interest in driving and the cost,” said an RAC roads policy spokesman. “ While the cost of learning to … [Read more...]
Young are being priced off the road
With car insurance sky high and education and living costs increasing, research shows that over one in five under 25s (22%) cannot afford to learn to drive. Insurance is a further barrier. With the average cost of car insurance costing around £1400*, and rising to £3878 for a 17 to 20 year old driver, it’s no wonder that this demographic is struggling. … [Read more...]
Government EV plans are short of range, says RAC
Drivers will be let down by Government proposals outlined to Parliament this morning, according to the RAC. Reacting to announcements made as part of today's Queen's Speech at the Houses of Parliament, RAC chief engineer David Bizley said, “While more electric vehicle charging points are welcome, the proposals are rather unambitious and do not include … [Read more...]
Write-offs and your rights explained
The Financial Ombudsman regularly deals with complaints from people who believe that their insurer has not properly valued their car after it has been damaged to the extent that its insurer decides it is a ‘write-off' and uneconomical to repair. Typically, cars are considered to be a total write-off when they have been so severely damaged that they cannot … [Read more...]
Motorists most likely to neglect tyres to save money
GoCompare insurance found that almost one in seven drivers have put off essential vehicle repairs and servicing because they couldn't afford them at the time. The survey of 2,000 UK motorists found that replacing tyres was the repair most likely to be delayed by motorists with brake related problems, mechanical repairs and windscreen repairs also … [Read more...]
Insurance tax hike hits motorists this weekend
Sunday’s increase in Insurance Premium Tax (IPT) from 6% to 9.5% is due to cost motorists an extra £386m a year, taking their insurance tax contribution to over £1bn¹ for the first time. As 80% of drivers questioned did not know of the IPT rise, the RAC analysis of industry figures reveals that the tax hike – which comes into effect on Sunday 1 November … [Read more...]
Fraudsters and claims companies blamed for continuing premium rises
British Insurance Premium Index for the third quarter shows that costs have sharply risen again for the second quarter in succession, except for Northern Ireland, where premiums have fallen. This follows two years of falling premiums, prompted by reforms intended to cut the number of fraudulent car insurance claims, particularly for whiplash injury, which … [Read more...]
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