The average car insurance premium is now £950
The typical car insurance premium increased by 52 per cent year-on-year in December 2023 to a steep £950, according to new research.
Parking your car in a garage overnight could add £54 to your insurance
Comparison site Go Compare reviewed car insurance policies bought through it between May and July of this year and found that the average insurance premium for drivers who kept their cars in a locked garage was £710, compared with £656 for vehicles left in other areas of the home.
Average car insurance premium increases by 19% in three months
The average UK car insurance premium has risen by £338 over the past year, reaching £924. Inner London saw the highest increase, with residents paying an average of £1,503. Notably, those aged 21 and under are now paying over £2,000 on average. However, drivers aged 30-38 are not exempt, with none paying less than £1,000 on average. Despite the increase, savings are still available, especially for those who seek ways to reduce costs.
More than £47m of car insurance claims rejected
Over £47 million worth of motor insurance claims were rejected during the second half of 2021, new research has found.
(more…)
The average price paid for motor insurance rose by 8% in the final months of 2022
The typical premium paid for private motor insurance was £470, up by 8% on the previous quarter.
How to get the best deal on your car insurance
If you’ve had to insure your car recently, you’ll likely have noticed your premiums have risen compared to the previous year.
Insurers warned they must offer fair settlements when cars are written off
The Financial Conduct Authority (FCA) said it has seen evidence some people left with written-off cars after an accident are being offered a price lower than the vehicle’s fair market value by their insurance providers.
Average car insurance premium rises by £51 year-on-year
Comparethemarket’s Premium Drivers research has found that the average annual motor premium now comes in at £704, compared with £653 in the same three-month period in 2021.
Car insurance rises by £100 for most popular models
Data from comparison site comparethemarket has found that drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 during the same period in 2021.
Car insurance costs up for older drivers and in some parts of UK, figures show
Overall, the average cost edged downwards by 0.6% between August and November 2021, to reach £782, according to Consumer Intelligence.
Motorists set to make insurance savings as new whiplash claims portal launches
Motorists across England and Wales are set to collectively make over £1 billion-worth of savings as new rules on whiplash claims come into force.
Higher insurance premiums for loyal customers banned by regulator
New rules are to be introduced to stop car and home insurers from imposing so-called loyalty penalties on customers, the financial watchdog has announced.
Drivers who pay car insurance monthly could be up to £500 worse off
Motorists have been warned to watch out for extortionate APR on car insurance as it’s revealed paying monthly could cost almost £500 more than if paid in one lump sum.
Admiral to refunds car and van insurance customers due to lockdown
Admiral is giving its car and van insurance customers a £25 refund. It’s in recognition of the fact that customers are staying at home and driving less during the lockdown.
Average car insurance premium increases to £809
The average price of car insurance premiums has risen by around £47 per year to £809, according to data from Confused.com.
Car insurance ‘auto renewal’ costs motorists £674million
Drivers are being hit with heavy penalties if they don’t shop around for car insurance, according to research by MoneySuperMarket.
(more…)
Pass Plus driving courses ‘don’t cut insurance costs’
Advanced driving courses such as Pass Plus don’t save motorists money on their insurance, despite the commonly held belief that they do.
(more…)Insurance pricing quirks could leave motorists out of pocket, Which? warns
Drivers could risk paying hundreds of pounds more than they need to for car insurance due to “quirks” in how insurers and comparison websites collect data, according to Which?
(more…)August is the cheapest time to insure a car
A Study by insurance firm MoneySupermarket suggests that wallet-savvy motorists should renew their insurance policies in August for the best rates.
Huge fall in number of uninsured drivers caught by police
There has been a huge fall in the number of uninsured drivers caught on Britain’s roads, according to new government data.