Insurance companies are penalising policy holders who are unemployed, said Dan Hutson, Head of Motor Insurance. “Young people could pay nearly £900 more on average than over 65s for their motor insurance, and the unemployed could pay £440 more than the employed. Looing at comparethemarket.com’s latest motor snapshot highlights the differences in costs … [Read more...]
Welsh premiums dip for first time in three years
Drivers in South Wales are celebrating an unexpected U-turn in car insurance costs as prices in the region drop for the first time in three years. Car insurance now costs drivers in the region £712, on average, and is -£35 (-5%) cheaper than it was just three months ago – a small win for drivers in the region after facing a raft of price rises in recent … [Read more...]
Premium wars keeping down some costs for drivers
Car insurance premiums are still some 2% higher than at the end of 2016, despite falling from their highest ever level during the middle of 2017 when they touched £713.02. The average quoted Shoparound premium dropped over the last three months of the year by 1.7% to £666.94 (from £678.18 at the end of September). But Michael Lloyd, the AA’s … [Read more...]
Premium prices accelerate for motorists
Drivers in South Wales have been hit with accelerating car insurance prices as the cost ramps up by £87 (13%) in a year. Car insurance in the region has now reached £765, according to the latest Confused.com car insurance price index (Q3 2017), powered by Willis Towers Watson – the most comprehensive car insurance price index in the UK based on more than … [Read more...]
Quarter of drivers hid points from insurers
Nearly a quarter (23%) of motorists did not inform their insurer the last time they received penalty points on their licence. Research by RAC Insurance has found as many as 2.8m drivers have points on their licences which means around 654,158 drivers may be putting themselves at risk of their insurance policy being declared invalid should their insurer … [Read more...]
