Vanarama has analysed the UK's 100 most common job titles to reveal which occupations are considered most high risk by car insurance companies therefore charged the most for premiums and there are some surprising findings. To do this, they entered the average UK’s drivers details into the UK's largest car comparison website 100 times, changing only the job … [Read more...]
Ask insurers for premium refunds over lockdown
GoCompare is urging drivers who are concerned about paying their car insurance premiums to contact their insurer as soon as possible, rather than wait for a refund. The comments follow Admiral’s decision to refund £25 to each of its car insurance customers, which has prompted speculation about what other insurers might do. In GoCompare’s view, other … [Read more...]
Calls mounting for insurers to repay premiums
British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, according to a group of lawmakers. The lawmakers said car insurers had reported an almost 50% drop in claims during the lockdown and the British government had said driving was down by 75%, with … [Read more...]
Newslines 24 February
Compare the Market analysed the monthly fluctuations in the cost of motor insurance over the last seven years and found that prices are lowest at the start of the year before steadily rising and spiking in December. The data found that the average premium for car insurance was the cheapest in February at £629, compared to £666 for the rest of the … [Read more...]
Young driver premiums are falling
With the cost of getting a young driver on the road climbing to nearly £7000 this year, choosing the right car and car insurance can have a significant impact on how much new drivers must pay to stay mobile. The good news is that one comparison site has found average car insurance premiums for drivers under 25 are falling. In the first eight … [Read more...]
£60 added to average premiums by comparison sites, claim
A new report sheds light on the practices price comparison websites are implementing to persuade vulnerable young drivers to part with their hard-earned cash - when they already pay 149% more than national average on their insurance. Earlier this month the Financial Conduct Authority released an assessment of the insurance industry, which lifted the lid on … [Read more...]
Speeding tickets hit record
The number of speeding tickets issued to motorists in England and Wales has hit a record high, according to government figures. They show that there were over 2.1 million speeding offences recorded in 2018, up by almost 100,000 on the previous year's figures. With the number having increased year on year since 2011, speeding now represents 85% of all … [Read more...]
Police nick the cheapest car insurance
It's a fair cop - police officers benefit from cheapest car insurance Police professionals can expect the cheapest car insurance quotes on the market, according to new research by Quotezone.co.uk. The median insurance quote for police and community support professionals in the UK is £499. Driving instructors and examiners are on their tails at £615; … [Read more...]
Premiums continue to fall despite IPT hike
Average premiums have continued to fall in the third quarter of 2019 indicating a trend of reducing premiums, according to the latest Premium Drivers report from comparethemarket.com. While premiums have historically fluctuated throughout the year, average premiums are now markedly lower than the same time last year. In Q3 2018, average premiums were £732. … [Read more...]
Three brands dominate UK insurance
Three car brands continue to dominate the ranking of most popular cars in the UK. Ford, Vauxhall and Volkswagen account for the top six most popular cars, representing almost a quarter of all enquiries on comparethemarket.com. The Ford Fiesta leads the way with 6.1% of enquiries followed by the Vauxhall Corsa and the Ford Focus with 5.4% and 3.8% … [Read more...]
