Motorists could typically save more than £300 by switching their car insurance three weeks before their existing policy is due to end, rather than waiting until the last day, analysis suggests.
Drivers across the UK could be risking fines, points on their licence or higher premiums by falling for car insurance myths, according to new research.
The average price of car insurance premiums has risen by around £47 per year to £809, according to data from Confused.com.
Direct Line says it has taken action to have 500 “ghost brokers” – unregistered firms claiming to sell insurance – shut down.
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Drivers who vape at the wheel could land themselves in trouble with the law and risk having insurance claims rejected, according to safety experts and insurance brokers.
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The number of high-end cars stolen across the UK has more than doubled in the last five years.
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Figures released by the Association of British Insurers (ABI) show that the number of motor theft claims paid by insurers in the first quarter of this year were at their highest for any quarter since 2012, with a payment made to a car crime victim every 8 minutes.
A study by GoCompare found 61% of motorist feel insurers reserve the best prices for new customers at the expense of loyal policyholders.
A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million every day according to figures published by the Association of British Insurers.
Motorsport could be made illegal across Europe thanks to a new car insurance directive.
The UK’s financial regulator has confirmed that it will investigate the way in which firms charge their customers for home and motor insurance.
The cost of motoring for young drivers has risen to more than £2,400 a year, thanks to rising insurance and fuel prices. (more…)
