AA Insurance has warned motorists to look out for motorcycles coming back on the roads after a winter in hibernation. Most of Britain’s 1.6 million motorbikes will be back on the road over the next few weeks, and according to the AA, insurance claims relating to motorcycles increase 40% at this time of year. Many [...]
AA Insurance has this month launched a new caravan insurance policy, aimed at UK tourers. Caravan Essentials is a value policy that should be of interest to the average family with a caravan worth up to £10,000. The Association’s head of caravan insurance, Karen Jakes, is expecting strong interest, explaining: “With the poor exchange rate, [...]
As the Met Office continues to issue severe weather warnings for heavy snow and icy roads, the AA has expressed concern that drivers braving the weather could be risking their lives as local authorities run low on salt for road gritting. The car insurance and breakdown service provider called on the government to lead a [...]
Motor insurers have been inundated with claims this week following heavy snowfall across much of the UK. AA’s call centres struggled to cope with the number of insurance claims, whilst esure reported a 100% increase in snow related claims. AA said the increased number of claims were largely due to UK motorists being unfamiliar with [...]
Car insurance premiums continued to rise over the fourth quarter of 2008, according to data released this week by the AA. The cost of car insurance increased by an average of 1% per month over the three month period. Since October, the average premium for annual comprehensive cover has risen 2.9% to a record £741.66. [...]
A leading broker has warned that car insurance premiums could rise by a record 20% during 2009. Swinton Group’s chief executive, Patrick Smith, believes that premiums are seriously adrift and 20% lower than they should be. He is expecting a significant correction this year, which could see the cost of the average motor policy rise [...]
Four in five UK drivers believe they may have driven the morning after a night’s drinking when the level of alcohol in their blood was still too high for them to drive legally, a survey by the AA has discovered. The online poll, conducted by Populus, also found that almost half of Brits know someone [...]
Research from AA Insurance shows that young men are paying around twice as much for their car insurance as young women. According to the study, premiums for newly qualified young male drivers have continued to rise, while for young women, they have declined. For example, the average quote for a 17-year-old male driving a three-year-old [...]
The AA’s quarterly British Insurance Premium Index shows a marked rise in car insurance costs in the three months to the end of June. During the period, the average premium quote rose by £20 for comprehensive insurance, taking the average cost of such cover to £700. For young drivers, who typically buy third party, fire [...]
The widely tipped surge in cost of car and home insurance premiums has yet to appear, according to the AA British Insurance Premium Index. Car insurance premiums rose by 6% over the course of a year, but most recently have recorded a modest decline. The present average cost of comprehensive car insurance is £682, £37 [...]
AA Insurance is not in agreement with a recent assessment of the profitability of private motor insurance business by market analyst, Datamonitor. The latter is predicting that private motor insurance will show a profit in 2009, for the first time in 14 years. However, AA Insurance thinks this is unlikely because of inflation and the [...]
Chris U’dell has been appointed as AA Warranty’s new commercial director. He previously worked for Assurant for 14 years, covering a number of managerial positions in sales and business development. U’dell’s new role will require him to continue the success of the firm and developing growth strategy for new and current markets. He expressed his [...]
Saga and the AA insurance have fiercely denied claims made today by the GMB that they could be poised to lay off around 2,000 staff in the coming months, as a result of slimming down from the recent multi-billion pound merger. The claims made by the GMB put over 2,000 jobs at risk from a [...]
Following the £6.15 billion merger of Saga and the AA, four senior AA executives are being replaced by senior managers from Saga. The AA posts vacated are: financial director, human resources director, information systems director and head of insurance. Saga’s Stuart Howard has been named group finance director, Janet Thompson will become director of human [...]
The AA Insurance senior management structure has undergone a significant overhaul today following the completion of its merger with Saga worth approximately £6.2 billion, which will see the companies controlled by a single entity with establishing cross platform selling a priority. The move is designed to allow easier integration of both Saga and the AA’s [...]
The merger of Saga financial services and the AA is on track to be completed next week after having received the green light from competition authorities, which would see the brands establishing a cross-selling platform for insurance and breakdown cover packages. The deal, worth an estimated £6 billion (approximately $12 billion) will be concluded through [...]
According to the AA’s British Insurance Premium Index, car insurance premiums increased to their highest level ever over the three months to July. The average premium quoted for annual comprehensive motor insurance rose 2.5%, to over £822, a figure over double that quoted in 1994, when the Index was first established. In the case of [...]
According the AA, road safety trends alone are not responsible for increases in car insurance premiums. The UK has seen a decline in its road safety record since 2001, which inevitably has had its effect on insurance premiums. However, a number of other factors are coming into play, including the development of new cars designed [...]
