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Drivers paying for car repairs themselves
- 22/07/2024
- Posted by: Alan Feldberg
- Category: News
New data has found that more than half of drivers have never made a claim on their motor insurance. According to Quotezone, drivers are increasingly opting to pay for minor repairs themselves in order to protect their no claims bonus and keep premiums down. Its analysis of 100,000 motor policies between January [...] -
Costs mount for EV repairs
- 06/06/2024
- Posted by: Alan Feldberg
- Category: News
New research has revealed that although electric cars are involved in fewer collisions than their ICE counterparts, those that do crash are more likely to be written off - and if they can be repaired, repairs are more expensive due to labour and parts costs, and take significantly longer. The German Insurance [...] -
VWCV finds ADAS prevented accidents for 45% of UK van drivers
- 04/06/2024
- Posted by: Bob Malkowski
- Category: News
Research by Volkswagen Commercial Vehicles (VWCV) has found ADAS prevented accidents for 45% of UK van drivers. The research results were taken from a OnePoll survey of 1,000 UK van drivers, conducted in December 2023, covering the 2023 calendar year and was commissioned by Volkswagen Commercial Vehicles. ADAS [...] -
Claims costs outstripping premiums
- 29/04/2024
- Posted by: Alan Feldberg
- Category: News
Motor premiums rose one per cent in the first quarter of 2024, although average motor claims were up by eight per cent to an average of £4,800 during the same period. This is according to ABI’s Motor Insurance Tracker, which analyses nearly 28 million policies sold every year and the claims paid against [...] -
Motor insurers report record year of payouts
- 08/04/2024
- Posted by: Alan Feldberg
- Category: News
Motor insurers paid out an average of £1.13m in compensation every hour last year, according to new figures from the Motor Insurance Claims Tracker. It reported that from 2.3 million motor claims submitted last year, the total paid out was £9.9bn, which was 18% more than in 2022 and the highest amount recorded [...] -
Motor insurance prices continue sharp rise
- 05/02/2024
- Posted by: Alan Feldberg
- Category: News
Motor insurance prices jumped another 12% in the fourth quarter of last year, meaning premiums rose by more than 25% over the whole year. According to figures released by the Association of British Insurers, average polices in the last three months of 2023 were £627. This is 12% higher than the £526 recorded in [...] -
Motor insurance up nearly a third
- 08/11/2023
- Posted by: Alan Feldberg
- Category: News
Motor insurance increased to an average price of £561 in the third quarter of the year, according to data from the Association of British Insurers. This is 29% higher than the same period last year and nine per cent up on the second quarter of the year. Increases were attributed to a 16% rise in the cost of [...] -
Premium prices spike 19% in three months
- 19/10/2023
- Posted by: Alan Feldberg
- Category: News
Motor insurance rose 19% in the third quarter of the year to reach a new high of £924. Over the year, premiums have shot up 58%, or £338, compared to this time last year. This is according to data from price comparison site Confused.com, which says this is the highest annual increase since it started tracking [...] -
Motor insurance payouts up a third
- 07/09/2023
- Posted by: Alan Feldberg
- Category: News
Motor insurers paid out £2.5bn in claims in the second quarter of this year, according to the Association of British Insurers. This represents a 29% increase on the £2bn paid out in the same quarter last year. A 46% rise in vehicle repairs to £1.5bn drove the increase, while the cost of providing replacement [...] -
NBRA: premium hikes were inevitable
- 15/08/2023
- Posted by: Alan Feldberg
- Category: News
The National Body Repair Association (NBRA) has said the 21% annual rise in motor insurance premiums is not surprising. Board member Wayne Mason-Drust said: “For almost a decade, the cost of repairing a car following an accident has increased far below inflation. Car insurers have tightly controlled repair costs [...]
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