Tag: car insurance

Car insurance prices falling

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 […]

December 14, 2012 More
AA reports fall in cost of car insurance

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 […]

October 23, 2012 More
Car insurance market to be scrutinised

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 […]

September 28, 2012 More
Google launches price comparison service for car insurance

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 […]

September 14, 2012 More
Personal injury claims soar despite fewer accidents

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 […]

July 4, 2012 More
Price of car insurance rising for women

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 […]

June 12, 2012 More
Competition Commission to investigate car insurance market

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 […]

May 31, 2012 More
Car insurance costs fall

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 […]

April 27, 2012 More
Insurers quicker to hike premiums after offences

Insurers quicker to hike premiums 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 […]

April 13, 2012 More
Car insurers follow Marmalade in planning ‘black box’ policies

Car insurers follow Marmalade in planning ‘black box’ policies

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 […]

March 17, 2012 More
Drivers switch to autopilot after 11 minutes

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 […]

March 2, 2012 More
MPs call for action over whiplash claims

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 […]

January 12, 2012 More
AA reveals surge in motor insurance claims

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 […]

January 11, 2012 More
Admiral’s profits dented by soaring compensation claims

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 […]

November 9, 2011 More
Road rage to blame for one in three fatal accidents

Road rage to blame for one in three fatal accidents

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 […]

August 4, 2010 More
No courtesy car on most car insurance

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 […]

June 30, 2010 More
AXA praises Britain’s young drivers

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. […]

April 1, 2010 More
Crash twice to double your car insurance premiums

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 […]

January 28, 2010 More
“Ambulance-chasers” blamed for car insurance price hike

“Ambulance-chasers” blamed for car insurance price hike

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 […]

January 19, 2010 More
Car insurance premiums to skyrocket

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 […]

October 26, 2009 More