With the arrival of the new ‘74’ vehicle registration just around the corner, a Censuswide poll of 1,000 UK drivers commissioned by The Motor Ombudsman has revealed generational differences in consumer ‘Car Confidence’ when it comes to buying and owning a vehicle. The latest findings have also been used to create a new series of Motor Ombudsman ‘barometers’ to highlight how the dial can shift on … [Read more...]
Price & range remain barriers to EV choice
In today's car market, drivers have a lot of choice when it comes to engine types, each with its own pros and cons. But with fuel prices on the rise, electric and hybrid vehicles are becoming more popular than ever and a study by CarMats.co.uk shows over 1 in 6 (17%) of Brits will choose an electric car when they next upgrade because it’s cheaper to run. A report by the Competition and Markets … [Read more...]
Add more for less and get a lower premium
Young motorists aged under 25 could save up to £281 on their car insurance by adding an experienced named driver to their policy, said Compare the Market. It reveals the typical premium for a young driver is £1,859 with an additional named motorist on the policy. Without any other named drivers on the policy, the average premium for a young person is £2,140 – a 15% increase. However, all named … [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...]
Newslines 10 June
The Volkswagen Group is entering a new business segment with the Elli charging and energy brand and will develop, build and operate large-scale stationary storage systems together with partners along the value chain. The largest projects in the Elli project pipeline currently have a capacity of up to 350 MW and a storage capacity of 700 MWh, which will almost double the total storage capacity … [Read more...]
Young drivers hit with premiums over £3,000
The cost of car insurance for a 17-year-old motorist who has just passed their driving test has reached £3,075 on average, according to new research from Compare the Market. This is a substantial £1,071 increase, or 53%, in the typical cost of car insurance for a 17-year-old from last year's £2,004. The average cost of car insurance for a driver with a provisional licence (all ages) is £726. … [Read more...]
Premiums jump 46% year to date for drivers
The cost of car insurance has increased by 46% year on year, according to new Premium Drivers research from Compare the Market, and young drivers are seeing the biggest jump. The typical premium stands at £892 in February 2024, after rising by £279 over the previous 12 months. The substantial increase in the cost of car insurance may in part be due to a rise in the cost of claims for … [Read more...]
Soaring premiums for young drivers – Compare the Market
The cost of car insurance for young drivers aged 17-24 has typically risen by £658 year-on-year, according to new research from Compare the Market. Annual car insurance cover for young drivers now costs £1,929 on average compared to £1,271 in 2022. Most young drivers are concerned that driving is becoming unaffordable. More than seven in ten drivers aged under 25 (73%) are worried about how they … [Read more...]
Newslines 5 December
With temperatures dropping in the coming weeks, Subaru has launched a Winter Check programme to ensure its customers' vehicles are prepared for the unpredictable winter weather ahead. The comprehensive 38-point check, with an advertised cost to the customer of just £19.99, ensures that vehicles are safe and ready, covering every aspect of the safety and performance of the vehicle and provides the … [Read more...]
Young drivers skipping safety costs, says the RAC
Inflation and the cost-of-living crisis are worryingly causing young drivers not to maintain their cars properly, risking their safety and that of other road users, says the RAC, and its particularly bad in Wales. A quarter of young drivers aged 17-24 (26%) say they have put off necessary repairs to their cars to save money while nearly three-in-10 (28%) are not servicing their vehicles as … [Read more...]
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