Tag: motor insurance

Government acts to curb whiplash epidemic

Government acts to curb whiplash epidemic

Medical panels could be introduced to assess car drivers and passengers making an insurance claim for a whiplash injury following an accident. The number of personal injury claims relating to road accidents has soared by 60 per cent since 2006, despite a 20 per cent fall in road traffic accidents and the government is to […]

December 11, 2012 More
Insurers warn householders to keep Christmas gifts secure

Insurers warn householders to keep Christmas gifts secure

With UK households expected to spend around £8.5 billion on Christmas presents this year, according to a survey by Tesco Bank, insurers are warning consumers to keep their gifts secure. The Association of British Insurers (ABI) says that insurers received £35m of claims for the 23,000 burglaries which took place in December last year. Shoppers […]

December 10, 2012 More
Crash for Cash fraudsters adding £400m to premiums

Crash for Cash fraudsters adding £400m to premiums

The growing problem of ‘Crash for Cash’ schemes is highlighted in a new report by the Insurance Fraud Bureau (IFB). This type of fraud, in which organised gangs deliberately cause traffic accidents in order to make fraudulent insurance claims, is costing UK policyholders around £400 million every year. The IFB is working with the police […]

November 24, 2012 More
Parents concerned over EU motor insurance rules

Parents concerned over EU motor insurance rules

Many parents are concerned they will no longer be able to afford to insure their child’s car when new European gender equality rules come into force next month. Thirty-two per cent of the 1,000 parents surveyed by insurer Aviva said they might have to stop their payments as a result of the ruling. From 21 […]

November 21, 2012 More
Paper motor insurance certificates could be scrapped

Paper motor insurance certificates could be scrapped

As part of the government’s Red Tape Challenge, the Department for Transport may end the requirement for drivers to keep a copy of their motor insurance certificate. An eight-week consultation is underway to consider the proposal, which would reduce costs for insurance companies and ultimately motorists if the cost savings are passed on. Many insurance […]

November 14, 2012 More
Hackers attack insurance comparison site

Hackers attack insurance comparison site

Technology website The Register has revealed a security flaw affecting motor insurance aggregator Google Compare, which allows cyber criminals to steal personal details. A vulnerability in the SSP software used by the broker website allowed the data to be harvested by editing a motor insurance proposal form. Google has now suspended its connections with the […]

November 9, 2012 More
Accident numbers fall but whiplash claims still rise

Accident numbers fall but whiplash claims still rise

The number of claims for compensation for a whiplash injury sustained in a motor accident has continued to increase despite a fall in accident numbers, the Institute and Faculty of Actuaries has revealed. The Institute reported a 20 per cent drop in the number of injuries reported to the police in accidents between 2006 and […]

October 15, 2012 More
Insurers call for one-year minimum L-plates

Insurers call for one-year minimum L-plates

With an 18-year-old driver three times more likely than a 48-year-old to be involved in an accident, the Association of British Insurers (ABI) says restrictions should be placed on new drivers in order to save lives. The ABI is calling for a number of changes to the way youngsters learn to drive in the UK, […]

October 4, 2012 More
Car insurance prices fall 11%

Car insurance prices fall 11%

The average cost of car insurance premiums has fallen by nearly 11 per cent, according to research by price comparison website MoneySupermarket. Premiums have been rising for some time but increased competition among insurers and the use of price comparison sites, has finally helped prices to fall across the UK. Motorists in Cleveland and Harrogate […]

September 24, 2012 More
Doctors call for action on bogus whiplash claims

Doctors call for action on bogus whiplash claims

Around nine out of ten doctors want the government to clamp down on bogus whiplash claims made by motorists, according to research by insurance group AXA. Seven per cent of the doctors polled by AXA had been offered money to refer patients with whiplash injuries. Twenty-two per cent of the doctors said the number of […]

September 20, 2012 More
EU gender rules bring mixed blessings for women

EU gender rules bring mixed blessings for women

New EU rules, due to take effect on 21 December, are expected to lead to a substantial increase in the cost of car insurance for female drivers, but could benefit female pensioners. In 2011, the European Court of Justice in Luxembourg ruled that setting insurance premiums or pensions based on gender was discriminatory and breached […]

Automatic insurance renewal costs motorists £3 billion

Automatic insurance renewal costs motorists £3 billion

Automatic car insurance renewals are causing British drivers to be collectively out-of-pocket by £3.1 billion a year. Price comparison site MoneySupermarket.com claims that the 8 million drivers who remain with their existing insurer could save £404 each if they shopped around. More than one in five UK car owners automatically renew their motor insurance, according […]

August 30, 2012 More
Police seize millionth uninsured vehicle

Police seize millionth uninsured vehicle

Police have seized the millionth uninsured vehicle, indicating the size of the problem of uninsured driving in the UK. The vehicle was seized in Birmingham, which is one of UK’s motor insurance evasion hotspots. According to the Motor Insurers’ Bureau (MIB), Bordesley in Birmingham has now replaced the Barkerend area of Bradford as the place […]

August 22, 2012 More
Average car insurance now more than £1,000

Average car insurance now more than £1,000

The average cost of car insurance is now £1,034, breaking the £1,000 barrier for the first time, according to the AA British insurance premium index. Motor insurance is now 8.5 per cent higher than it was a year ago and has doubled in price over four years. In July 2008 the average fully comprehensive policy […]

July 27, 2012 More
Sharp fall in car insurance costs

Sharp fall in car insurance costs

The average cost of comprehensive car insurance was £797 in spring 2012, a fall of more than 7 per cent, or £60, compared with a year ago. The fall reverses a steady rise in the price of motor insurance premiums since 2009. A survey by Confused.com and professional services company Towers Watson revealed that men […]

July 16, 2012 More
‘Black box’ motor insurance sales soar

‘Black box’ motor insurance sales soar

Sales of telematic, or ‘black-box’, car insurance will reach 500,000 in the next two years, according to the British Insurance Brokers’ Association (Biba). The trade body for the insurance industry has recorded a five-fold increase in this type of motor insurance in the past two years. The use of telematic technology is proving popular because […]

July 12, 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
Black box technology improves young driver safety

Black box technology improves young driver safety

The use of telematics technology to monitor the driving habits of young drivers has led to a 20 per cent fall in accidents, according to Co-operative Insurance. This could lead to a reduction in the cost of motor insurance for young drivers, which will be welcome news for many young people who are currently unable […]

April 5, 2012 More
Insurance industry to signpost services for older customers

Insurance industry to signpost services for older customers

A new initiative by the insurance industry and the UK government should make it easier for older customers to find motor and travel insurance. The Association of British Insurers (ABI) has entered into an agreement with the UK Government and the British Insurance Brokers’ Association (BIBA), requiring insurers and brokers to refer clients to another […]

Motorists unable to pay insurance excess

Motorists unable to pay insurance excess

Many motorists are increasing the voluntary excess on their motor insurance policies in order to keep the cost of the policy down, according to a study by Axa. However, if they have an accident, this can mean they are unable to afford the excess payment and are therefore unable to have their vehicle repaired. The […]

March 13, 2012 More