New, low-cost insurance for learner drivers
by Richard Kilner
Story link: New, low-cost insurance for learner drivers
Driver’s champion Provisional Marmalade has teamed up with Halfords, the titan of motoring accessories, to offer an innovative and fresh approach to car insurance.
Costing just £3 per day, a provisional driver will be able to take out fully comprehensive insurance on a car belonging to family, or a friend.
On a monthly basis the new insurance [...]
Saga voted best customer service for motor insurance
by Richard Kilner
Story link: Saga voted best customer service for motor insurance
The readers of This is Money, the Daily Mail’s personal finance website, have voted Saga Motor Insurance as the motor insurance provider with the best customer service.
Five thousand of the website’s readership participated in the survey to discover which firm was considered the most trusted and equipped with the best customer service.
Saga was also named [...]
Winter freeze costs insurers £650m
by Gill Montia
Story link: Winter freeze costs insurers £650m
The Association of British Insurers (ABI) has reported that its members paid out £650 million in total in dealing with claims arising from the coldest winter in the UK in thirty years.
Policyholders submitted 335,000 claims for damage to their homes, businesses and vehicles, broken down as follows:
Motor insurance – 268,400 claims at a cost of [...]
Parliament looks at faster RTA compensation scheme
by Richard Kilner
Story link: Parliament looks at faster RTA compensation scheme
Parliament today looked at a new, faster process for those injured in road traffic accidents to receive compensation.
Under the new proposals there would be fixed stages and costs and deadlines for the claimants’ and defendants’ solicitors.
Compensation sums between £1,000 and £10,000 would be covered, (claims of this size have previously comprised the majority of road [...]
Better van hire excess insurance from insurance4carrental.com
by Richard Kilner
Story link: Better van hire excess insurance from insurance4carrental.com
Insurance4carrental.com has updated its van hire excess insurance page to reflect the fact that Towergate Underwriting Group, on whose behalf the site has advertised van hire excess, has now launched its new Insuremyvanhire.com site.
Philip Suter of jml Insurance has expressed his delight that the new site has gone live, adding that insurance4carrental.com had updated its [...]
Hastings opens first High Street branch
by Gill Montia
Story link: Hastings opens first High Street branch
True to its word, Hastings Direct has made an appearance on the High Street with the opening its first branch, in Bexhill-on-Sea.
The firm says the move will provide the local community with a face-to-face service that includes an annual review and price check; help managing claims; and access to exclusive offers and promotions.
The [...]
Most trusted car and home insurers revealed
by Gill Montia
Story link: Most trusted car and home insurers revealed
Thisismoney.co.uk has named the UK’s most trusted financial providers, based on a poll of 5,000 of its readers.
According to the financial website, firms providing savings accounts, current accounts, mortgages and car and home insurance have all been evaluated on the basis of trustworthiness and customer service.
In all but one category the same provider took the [...]
THB Clowes introduces faster online quote system
by Richard Kilner
Story link: THB Clowes introduces faster online quote system
THB Clowes, the motorsport insurance specialist, has launched a new online quote system.
The new system, On-Track, gives professionals and amateurs a quick and easy way to change their on-track insurance coverage.
Managing Director Karen Ellis has expressed the firm’s pride at its intimate relationship with the motorsport business, and said that the firm has developed and [...]
AA reveals gender bias in motoring offences
by Gill Montia
Story link: AA reveals gender bias in motoring offences
Male drivers are almost one-and-a-half times more likely to have a motoring conviction than their female counterparts, although it should be noted that men are clocking-up 20% more mileage than women, on average.
According AA research 18% of the UK’s motorists have at least one conviction (compared with 14% a decade ago) and 4% have two [...]
Halo launches with car rental excess cover
by Gill Montia
Story link: Halo launches with car rental excess cover
Halo Insurance Services has been launched today.
The underwriting agency, which is backed by Bridges Ventures and Magenta Partners, will focus on niche personal lines offerings for both wholesale and retail customers.
The firm has set out with a suite of car hire excess products available through brokers and affinity partners under the Halo Insurance brand, and [...]
Premiums double for sporty models
by Gill Montia
Story link: Premiums double for sporty models
Britons with a taste for flash cars are paying dearly for their pleasures, according to swiftcover.com.
The online insurer reckons premiums are around twice that for standard models from the same manufacturer.
For example, a 30-year-old male with five years’ no claims discount can expect to pay £1,000 to insure a VW Golf GTi, whereas the [...]
Over two-thirds of UK drivers hazy on “fronting”
by Gill Montia
Story link: Over two-thirds of UK drivers hazy on “fronting”
Large numbers of motorists could be deceiving their car insurers by naming themselves as the main driver of a vehicle when they are not.
An example of this would be a parent insuring a car and declaring themselves the main driver in order to reduce the premium, when in fact their son or daughter will be [...]
Five year old cars the worst for claims
by David Masters
Story link: Five year old cars the worst for claims
Motorists with five year old cars are the most likely to make a claim on their car insurance, according to research by Virgin Money.
The insurance provide found that 9.6% of all claims were from drivers with five year old cars.
This compares to ten year old cars, which account for just 6% of claims, and cars [...]
UK’s uninsured driver hotspots revealed
by Gill Montia
Story link: UK’s uninsured driver hotspots revealed
A growing number of people are driving without insurance, moneysupermarket.com has warned.
To make the point, the price comparison website has compiled a top 10 hotspots list for the uninsured drivers who are responsible for bumping up the cost of the average car insurance policy by £30, to provide for their accident victims.
The firm has analysed [...]
Moneysupermarket.com revamps car insurance comparison
by David Masters
Story link: Moneysupermarket.com revamps car insurance comparison
Moneysupermarket.com has revamped its car insurance price comparison service to make it more user friendly.
The website said the updates make its price comparison service the fastest and most accurate available in the UK.
Visitors to moneysupermarket.com can now get up to 120 car insurance quotes in under three minutes.
A new look results page displays both voluntary [...]
AXA Assistance expands Rescue 24 fleet
by Gill Montia
Story link: AXA Assistance expands Rescue 24 fleet
AXA Assistance has expanded its Rescue 24 fleet with the purchase of six new rescue vehicles and one motor bike.
The fleet is deployed strategically in London and the North West of England, where it complements AXA Assistance’s existing 400-strong third party network.
Rescue 24 currently employs 40 technicians who, in addition to rescuing customers on [...]
Kwik Fit reports strong sales
by Gill Montia
Story link: Kwik Fit reports strong sales
Kwik Fit Insurance has reported its strongest sales figures for a single day since the company was established in 1995.
The Lanarkshire-based firm saw more than 2,000 new policyholders signing up to the Kwik Fit Insurance brand in just 24 hours, with sales of new car insurance policies topping 1,600, alongside 400 new home insurance [...]
M&S promotes car insurance with free washes
by Gill Montia
Story link: M&S promotes car insurance with free washes
M&S Car Insurance is offering free car washes for one year to motorists buying insurance through moneysupermarket.com.
The deal is exclusive to the price comparison website which calculates the value of the offer at up to £84.
Qualifying customers will receive a booklet of 12 vouchers entitling them to one free car wash per month, redeemable at [...]
Is protecting your no-claims discount worth the money?
by David Masters
Story link: Is protecting your no-claims discount worth the money?
Motorists who fail to protect their no-claims discount (NCD) could find themselves paying up to 73% more on car insurance after a crash.
Research by moneysupermarket found that a driver with five year’s unprotected NCD would see their premiums hiked from £528 to £911, an increase of £383, or 73%.
Motorists who protected their five year’s NCD [...]
Wesleyan launches Private Clients service
by Gill Montia
Story link: Wesleyan launches Private Clients service
Wesleyan is launching a new service aimed at affluent professionals with busy lifestyles.
The mutual has developed a dedicated home, motor and travel insurance offering, promising a more personal approach and flexible cover.
Private Clients Insurance provides immediate cover on newly purchased items, a 24-hour customer call centre based in the UK and an advice service for [...]
