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News Tag: car insurance

December 14, 2012

Car insurance prices falling

by Jan Harris
Car insurance prices falling
The cost of car insurance fell by 6.6 per cent this month, compared with a year ago, according to Tiger Watch, the car insurance price monitor produced by Tiger.co.uk. Compared with November, prices increased by 0.4 per cent, but across a three month period, prices have fallen to a two-year low. Competition between insurance providers is pushing prices down, according to Tiger.co.uk. However, the gap ...




October 23, 2012

AA reports fall in cost of car insurance

by Jan Harris
AA reports fall in cost of car insurance
The cost of car insurance premiums fell in the third quarter according to the AA British Insurance Premium Index, after rising steadily for several years and flattening out in early 2012. The cost of policies purchased directly from an insurance firm fell by 2.9 per cent in the third quarter but was still nearly 6 per cent more expensive than a ...




September 28, 2012

Car insurance market to be scrutinised

by Jan Harris
Car insurance market to be scrutinised
The high cost of car insurance premiums has prompted an investigation into the market amid concerns that it is dysfunctional and not working well for motorists. The Office of Fair Trading (OFT) has referred the private motor insurance market to the Competition Commission because if believes that the way the market is structured is pushing premiums up to unnecessarily high levels. The ...




September 14, 2012

Google launches price comparison service for car insurance

by Jan Harris
Google launches price comparison service for car insurance
Google has stepped further into the price comparison market with a new service to compare car insurance quotes from around 120 insurers. The search giant is using its technology to make sure its own service is top of the list of results when internet users type ‘car insurance’ into the Google search engine. Digital marketing agency Greenlight said that Google’s ...




July 4, 2012

Personal injury claims soar despite fewer accidents

by Jan Harris
Personal injury claims soar despite fewer accidents
The number of road accidents fell by 11 per cent in 2011 and yet the number of personal injury claims increased by 18 per cent. The figures were revealed in a report by the Institute And Faculty Of Actuaries. The study found that more personal injury claims are made in areas which are well supplied with claims management companies, suggesting that ...




June 12, 2012

Price of car insurance rising for women

by Jan Harris
Price of car insurance rising for women
The price of car insurance for women is expected to rise in December, when a new EU directive comes into force, but it seems that some insurance companies are already increasing their charges for female customers. The latest data from comparison site Tiger.co.uk shows that the average price of a policy for a male driver fell by 2.3 per cent ...




May 31, 2012

Competition Commission to investigate car insurance market

by Jan Harris
Competition Commission to investigate car insurance market
Concerns over "dysfunctional" business practices have led the Office of Fair Trading (OFT) to refer the private motor insurance market to the Competition Commission. A report by the OFT suggests that artificially high charges could be causing car insurance premiums to increase unnecessarily. The problem centres around the referral fees which car hire and repair companies pay to motor insurers. ...




April 27, 2012

Car insurance costs fall

by Jan Harris
Car insurance costs fall
The cost of car insurance is starting to fall according to the AA’s British Insurance Premium Index. The average ‘shoparound’ quote for comprehensive car insurance fell by 1.1 per cent to £1,132 by the end of March. The Shoparound premium is an average of the five cheapest premiums quoted by around 50 insurance providers. Over the year to March 2012 the Shoparound index increased ...




April 13, 2012

Insurers quicker to hike premiums after offences

by Jan Harris
Insurers quicker with premium hikes after offences
Insurance companies are becoming quicker at raising the price of motor premiums when the driver has committed an offence such as speeding or using a mobile phone, according to the AA. Insurers often used to ignore a first SP30 speeding offence, but it is now likely to result in the driver’s car insurance premiums increasing over three years. The AA’s study ...




March 17, 2012

Car insurers follow Marmalade in planning ‘black box’ policies

by Brian Turner
Research has revealed that more than 50% of drivers plan to switch to a black box insurance policy in the coming half decade. The UK’s young driver market leader Intelligent Marmalade (www.intelligentmarmalade.co.uk) is a product from the award winning young person’s car insurance provider Young Marmalade. “We have seen significant improvements in driver behavior since the introduction of our ‘orange box’ technology,” says Young Marmalade MD Crispin Moger. Intelligent Marmalade allows young ...




March 2, 2012

Drivers switch to autopilot after 11 minutes

by Jan Harris
Drivers switch to ‘autopilot’ after 11 minutes
A study by car insurance provider, Esure, has found that drivers suffer from a lapse in concentration just 11 minutes into a long journey. Esure questioned more than 1,000 motorists in the UK about their driving habits and attention span. 22 per cent of those surveyed said they fell into ‘autopilot’ easily, while 34% said they had sometimes had no ...




January 12, 2012

MPs call for action over whiplash claims

by Jan Harris
MPs call for action over whiplash claims
Car insurance costs are spiralling and claims for whiplash injuries are one of the main causes, according to a new report by MPs, launched today. Although the number of road accident casualties has fallen by 23 per cent in the past six years, the number of motor insurance injury claims has grown by 70 per cent. The Transport Select Committee wants ...




January 11, 2012

AA reveals surge in motor insurance claims

by Jan Harris
AA reveals surge in motor insurance claims
Stormy weather caused the number of car insurance claims to shoot up by 28% in the first five days of the New Year, the AA has revealed. Many parts of the UK suffered winds of up to 90mph resulting in thousands of pounds worth of damage to vehicles. Cars were hit by an array of unlikely items including wheelie bins; parts ...




November 9, 2011

Admiral’s profits dented by soaring compensation claims

by Jan Harris
Admiral’s profits dented by soaring compensation claims
Motor insurance company Admiral has issued a profits warning causing its shares to plummet by a quarter, after being hit by an increase in personal injury claims. The company, which owns Elephant and Confused.com now expects 2011 profits to fall at the lower end of the range of analysts' estimates. The number of personal injury claims soared by 42 ...




August 4, 2010

Road rage to blame for one in three fatal accidents

by David Masters
Over a third of fatal accidents on Britain's roads are caused by road rage, according to new research. The study by AXA insurance found 800 lives are lost every year through road accidents caused by angry drivers. More than one in three (35%) serious road accidents involve at least one angry driver. AXA estimates the monetary cost of road rage at £945 million per year, or £35 per insurance policy. "We are very concerned ...




June 30, 2010

No courtesy car on most car insurance

by David Masters
No courtesy car on most car insurance
Nearly half of car insurance providers do not provide a courtesy car as standard, research by Defaqto found. The study found 49% of car insurance policies would not provide a replacement car following an accident. A further 28% only offer a replacement car if it was selected as an optional extra when the insurance policy was purchased. Only a quarter (23%) of policies ...




April 1, 2010

AXA praises Britain’s young drivers

by David Masters
AXA praises Britain's young drivers
Young drivers in the UK are less likely to make an insurance claim than their European counterparts, according to a new study. Research by AXA found that British motorists aged under 25 are 30% less likely to make a claim than young drivers in Spain or France, and 25% less likely than those in Germany. Young British drivers are also less likely to exceed ...




January 28, 2010

Crash twice to double your car insurance premiums

by David Masters
Crash twice to double your car insurance premiums
If you're unlucky enough to crash your car twice this winter you could find yourself paying double for car insurance, according to Confused.com. Some insurers researched by the price comparison site more than trebled the cost of insurance premiums after two accidents. Confused.com said drivers should take extra care at the moment because icy winter roads increase the likelihood of accidents. "We're ...




January 19, 2010

“Ambulance-chasers” blamed for car insurance price hike

by David Masters
Car insurance premiums are set to rise dramatically in 2010, Confused.com said this week. The price comparison site made the comment after Zurich announced a 20% hike to the cost of car insurance. "Zurich's announcement has not come as a surprise," said Will Thomas, Confused.com head of car insurance. "It is anticipated others will follow suit, the only question is who will be next?" Confused.com blamed the price rise on "a new breed ...




October 26, 2009

Car insurance premiums to skyrocket

by David Masters
Car insurance premiums to skyrocket
The AA has told motorists to brace themselves for a sharp increase in motor insurance premiums. Research by the organisation found the average premium for comprehensive insurance has increased by 14% in the last 12 months, the biggest rise in 15 years. Simon Douglas, AA Insurance director, said consumers should expect to be hit by this increase when their car insurance comes up from ...