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News Tag: motor insurance

December 11, 2012

Government acts to curb whiplash epidemic

by Jan Harris
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 consult on a number of possible measures ...




December 10, 2012

Insurers warn householders to keep Christmas gifts secure

by Jan Harris
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 need to be vigilant about security ...




November 24, 2012

Crash for Cash fraudsters adding £400m to premiums

by Jan Harris
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 across the UK to combat the ...




November 21, 2012

Parents concerned over EU motor insurance rules

by Jan Harris
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 December, insurers will no longer ...




November 14, 2012

Paper motor insurance certificates could be scrapped

by Jan Harris
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 companies have already stopped sending ...




November 9, 2012

Hackers attack insurance comparison site

by Jan Harris
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 broker sites which used software from UK-based ...




October 15, 2012

Accident numbers fall but whiplash claims still rise

by Jan Harris
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 2011, but a 40 per cent ...




October 4, 2012

Insurers call for one-year minimum L-plates

by Jan Harris
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, including the introduction of a minimum 12-month ...




September 24, 2012

Car insurance prices fall 11%

by Jan Harris
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 enjoyed the biggest drop in prices, with a fall ...




September 20, 2012

Doctors call for action on bogus whiplash claims

by Jan Harris
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 patients claiming to have whiplash injuries had ...




EU gender rules bring mixed blessings for women

by Jan Harris
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 EU rules on ...




August 30, 2012

Automatic insurance renewal costs motorists £3 billion

by Jan Harris
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 to a new study by the ...




August 22, 2012

Police seize millionth uninsured vehicle

by Jan Harris
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 with the highest concentration of uninsured motorists. ...




July 27, 2012

Average car insurance now more than £1,000

by Jan Harris
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 cost just £509. Young male drivers have been ...




July 16, 2012

Sharp fall in car insurance costs

by Jan Harris
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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 are paying £110 more than woman, on average, but this is ...




July 12, 2012

‘Black box’ motor insurance sales soar

by Jan Harris
‘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 it can reduce the cost of motor insurance, ...




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 ...




April 5, 2012

Black box technology improves young driver safety

by Jan Harris
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 to afford soaring premiums. According ...




Insurance industry to signpost services for older customers

by Jan Harris
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 provider if they are unable ...




March 13, 2012

Motorists unable to pay insurance excess

by Jan Harris
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 study found that in the past ...