Archive for the ‘Featured News’ Category

UK motor insurance customers ‘don’t know traffic light sequence’

traffic lights

More than half of all motor insurance customers in the UK do not know the traffic light sequence, new research has revealed. Autoquake, the UK’s largest online car retailer which boasts being ten per cent cheaper than car supermarkets, asked 1,000 car insurance policyholders to name the signal after amber. Just under half (48 %) [...]

Proposed fuel tax plan shelved

Fuel Tax Plan

The proposed fuel tax plan designed to protect car insurance holders from volatile oil prices has been shelved, it has been reported. According to the Daily Mail, the coalition government has decided to ditch the idea of a fair fuel tax stabiliser, which was one of the key commitments outlined in the Conservatives’ election manifesto. [...]

Highways Agency to suspend roadworks on many major roads

Highways Agency

Car insurance holders worried about endless traffic jams this bank holiday weekend have been given a boost after the Highways Agency announced it is to suspend roadworks on many major roads. In addition, the body is to provide live traffic information to road users, with Friday evening and Saturday lunchtime predicted to be the busiest [...]

Car insurance affecting scam warning in Nottinghamshire

nottinghamshire Police

Drivers in Nottinghamshire have been warned about a scam which could have an impact on their car insurance policy. There have been two incidents reported in the last month where drivers have been stopped and asked for directions only to find valuables have been taken from their vehicles. In one incident, a woman was approached [...]

Brit Insurance unveils new Gibraltar boss

Brit Insurance Logo

Brit Insurance has promoted Andrew Cunningham to head of office for its Gibraltar business who has 17 years of experience in the insurance sector. As well as being a qualified actuary, with experience of providing statistical and financial modelling of complex reinsurance structures, he also has significant underwriting experience. He has worked for Brit since 2000, [...]

Volcanic ash cloud has changed consumers approach to travel insurance

Volcanic Ash Cloud Iceland

The disruption to air travel caused by the volcanic ash cloud has changed consumers’ approach to travel insurance, new research has suggested. According to a study conducted by TNS RI Travel and Tourism on behalf of Travel Weekly, one in five holidaymakers would now be more likely to ensure they had the correct travel insurance [...]

Legal costs push car insurance premiums up

Car insurance premiums rose by 6.3% in April

The Association of British Insurers (ABI) has revealed that spiralling legal costs are having a detrimental effect on the cost of car insurance premiums for all UK motorists. The news comes after the Office for National Statistics announced that car insurance premiums saw a rise of 6.3% in the month of April alone. The increase [...]

Female drivers feel the pinch after being hit by hike in insurance rates

female-driver

Recent research has revealed that young female drivers are really feeling the pinch after being the worst hit from the rise in insurance rates. According to the survey conducted by a car insurance price index company, over the last 12 months car hire insurance prices have soared by 14.3% with the average cost of car [...]