Bikers could drastically lower their premiums with a few simple steps, says a leading motorbike insurance comparison website after analysing over 40,000 quotes. The research by Quotezone.co.uk reveals that secure parking has the potential to make a huge difference, with bikers storing their rides overnight in locked garages benefiting from average premiums of just £320 annually, compared to £466 … [Read more...]
Welsh premiums dip 10% for motorists
There’s good news for drivers in Wales - the average cost of car insurance has fallen by £68 about 10% year-on-year, according to Confused.com . That's due to the typical driver cutting miles by around 2,000 due to the lockdowns, reduced working and insurers recognising fewer claims coming in so costs have been slashed. Drivers in the region can now expect to pay an average of £644 for … [Read more...]
Claims collapse but will savings be passed on?
As expected, the number of motor insurance claims notified to insurers in the second quarter of the year significantly fell according to figures from the Association of British Insurers. The fall largely reflected the lockdown period, when far fewer vehicle journeys were made. Claim payouts during the period while also down, fell at a lower rate. The figures come as the average price … [Read more...]
Best and worst used cars to buy
Warrantywise has revealed the top 10 most and least reliable used car brands and models. With data compiled from over 131,000 active extended car warranty plans, the UK’s leading extended car warranty provider's Reliability Index ranks every car on a combination of factors that include the frequency of repairs and the cost to carry out those repairs. Honda reigns supreme when it comes to overall … [Read more...]
Thousands of drivers find flood insurance is void
Thousands of car owners over the next few days will find their insurance does not cover flood damage. Usually, only comprehensive policy cover will pay for the repair or replacement of flood damaged vehicles, and there may be limits to that. Drivers who ignored advice and tried to negotiate a flood which then overcame their vehicle may also find they get less, if any, payout from their … [Read more...]
Excess giveaway by GoCompare
Customers arranging car insurance through GoCompare are set to benefit from financial assistance aimed at reducing the cost of making a claim, as part of an innovative campaign to raise awareness of insurance excesses. GoCompare Car Insurance is giving away free £250 excess cover to every customer who buys a qualifying car insurance policy. Customers who need to make a claim on their car … [Read more...]
BMW drivers are UK’s worst, says insurer
GoCompare Car Insurance says BMW drivers are the worst in the UK. They are most likely to speed, run a red light or make an at-fault claim, according to data held by the insurer. A study by GoCompare Car Insurance has found that BMW drivers are the most likely to be convicted of an offence and cause a collision on the road. More than one in six BMW 4 series drivers (17.1%) have at least … [Read more...]
Insurance fraud is found every minute in UK
Every minute in Britain an insurance fraud is detected, according to industry figures. Over 562,000 insurance frauds were uncovered last year, said the Association of British Insurers. About 113,000 were dishonest claims, valued at £1.3bn and while the number of dishonest claims fell 8%, the value of those claims rose 1%. Organised frauds such as staged "crash for cash" motor accidents … [Read more...]
Rising concern as more drivers’ report pothole damage
Half of British drivers have sustained vehicle damage from potholes in recent years, they told pollsters for the AA. The AA-Populus poll, which surveyed over 21,000 drivers, found that 92% of British drivers are concerned about potential damage to their vehicle as a result of poor road conditions. This problem has led to more than half (52%) of drivers - or almost 17 million motorists … [Read more...]
If you think you’re insured, check again
Tens of thousands of cars will come up for insurance renewal each month but you may be unwittingly breaking the law when you do so. Some insurance policies automatically renew but even then any change in personal circumstances not declared to the provider mean you will possibly have no cover in the event of a claim. Look at our handy guide to check if any of these apply to you and consider … [Read more...]