• 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 [...]
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  • 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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  • Premiums soar to record high
    • 11/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    The Association of British Insurers has reported that average comprehensive motor premiums have risen to record highs. Its premium tracker analysis 28 million motor insurance policies in the UK and found that the average premium paid for private comprehensive motor insurance was now up £511. This is up seven per [...]
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  • ABI data reveals surge in motor claims
    • 08/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    Data from the Association of British Insurers have revealed that payouts for motor claims have risen by 14% in the last year to £2.4bn. This is 11% up on the final quarter of 2022 and the highest amount recorded by the ABI since it started keeping records in 2013. Insurers settled 599,000 claims in the first [...]
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  • Research reveals range of labour rates
    • 06/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has revealed the discrepancy between garage labour rates around the country. According to What Car?, the cheapest areas charge as little as £47 per hour and the priciest £141. It researched the labour rates of 279 independent garages across the UK, looking at hourly labour rates to compare prices [...]
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  • Repair costs surge 40% since 2018
    • 21/03/2023
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    The cost of vehicle repairs has risen by a staggering 40% from 2018 to 2022, according to Intelligent Motoring. It also found the average cost of warranty claims rose 37% between July and December last year, suggesting that higher prices for repairs are here for the foreseeable future. Intelligent Motoring’s [...]
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  • EV services up to a third cheaper
    • 23/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has found that electric vehicles are up to a third cheaper to service than petrol, diesel and hybrids. According to BookMyGarage, servicing an EV costs an average of £103, compared to £163 for diesel, £159 for hybrids and £151 for petrol cars. Furthermore, overall average maintenance bills are [...]
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  • Hidden costs of MOT extension
    • 27/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Intelligent Motoring has warned against extending MOTs to every two years, saying it could well cost motorists more in the long run. It said that because of the rising cost of vehicle repairs, the short-term financial gains from delaying an MOT by 12 months will have long term financial implications, as well as [...]
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  • EV services cheaper and quicker
    • 04/08/2022
    • Posted by: Alan Feldberg
    • Category: News
    New data has found that servicing an electric vehicle is about 22% cheaper than an average internal combustion engine. Much of these savings are a result of reduced labour times, which are about 33% shorter for EVs compared to ICE cars. This is according to Fleet Assist and based on the 850,000 fleet cars and [...]
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  • UK drivers facing £2.4bn hike in repair bills
    • 21/07/2021
    • Posted by: Alan Feldberg
    • Category: News
    UK drivers could have to pay an extra £2.4bn a year on repair bills if the government does not overrule new European Union legislation. The EU is considering changing "block exemption" rules which allow bodyshops to use generic parts in repairs rather than manufacturer-approved parts. If it does go ahead with [...]
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