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 … [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 … [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 … [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 … [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 … [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%) … [Read more...]
Young drivers’ premiums soaring to unaffordable level
The cost of car insurance for young drivers has surged by an average of £594 (50%) in the past year, according to new Young Drivers research from Compare the Market. There are concerns that driving is becoming increasingly unaffordable for many young people. Premiums for motorists aged under 24 now reach up to £1,792 in August 2023 compared to £1,198 in … [Read more...]
Veygo finds learners slow to drive
A new study analysing the latest DVLA data by Cardiff based learner driver insurance company Veygo shows more people are putting off learning to drive until later in life. It also reveals drivers under 30 are now less likely to get their full licence, despite provisional licence ownership growing since 2019. Learning to drive is a costly endeavour and the … [Read more...]
Older drivers reluctant to switch insurers
Go.Compare car insurance has discovered that around more than 2.1million drivers, have not switched car insurance in the past decade or more. The findings, which asked drivers how often they have switched insurers, also discovered that the older generation are less likely to switch, with 12% of those aged 65 or more admitting that they have been with the … [Read more...]
Young drivers ignorant of alcohol & hangover danger
With the festive period upon us and Brits heading into the party season, Go.Compare’s car insurance experts are urging drivers to consider alternative modes of transport for the morning after the night before. Research from the comparison site shows that one in five people between the ages of 18 and 35 believe that driving while hungover is … [Read more...]
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