motor insurance

JLR slashes in-house insurance premiums by 80%

Jaguar Land Rover has announced it will contribute £150 per month for three years towards certain in-house insurance policies. The offer, which effectively cuts the average price of its in-house […]

Claims costs outstripping premiums

Motor premiums rose one per cent in the first quarter of 2024, although average motor claims were up by eight per cent to an average of £4,800 during the same […]

ABI to tackle premium finance charges

Members of the Association of British Insurers (ABI) have announced a raft of new principles to manage premium finance charges. Premium finance charges are the fees applied to policyholders who […]

Recovery rates of stolen cars plummet to 5%

New figures have revealed that just 65 of the 1,169 cars stolen in Kent last year were recovered. This represents just 5.6% of vehicle thefts compared to the average of […]

Premium prices show signs of easing

New figures have revealed that car insurance premiums fell by five per cent in the last three months. According to Confused.com’s price index, produced in collaboration with WTW, comprehensive car […]

Police seize over 200,000 vehicles

More than a quarter of a million vehicles were taken off UK roads last year. According to a new Freedom of Information request by National Scrap Car, 214,051 cars were […]

BIBA and Novo unveil new EV-dedicated scheme

The British Insurance Brokers’ Association (BIBA) has joined forced with Novo to launch a new motor insurance scheme tailored directly for electric vehicles. Available to all BIBA members, the scheme […]

Motor Ombudsman announces Howden partnership

The Motor Ombudsman has announced a new partnership with Howden to enhance services to both policyholders and members. Following the agreement, Howden motor trade insurance customers not already accredited to […]

Motor insurers report record year of payouts

Motor insurers paid out an average of £1.13m in compensation every hour last year, according to new figures from the Motor Insurance Claims Tracker. It reported that from 2.3 million […]

NBRA calls for fair insurance valuations

The National Body Repair Association (NBRA) today published its support of findings from the Financial Conduct Authority (FCA) regarding insurance valuations. Specifically, the FCA has uncovered a trend observed in […]

Drivers warned of airbag scams

Drivers have been warned of a new crash data clearing scam that falsifies if a car’s airbags have been deployed. Crash data clearing involves firms offering to reset motorists’ locked […]

ABI announces new motor insurance initiative

The ABI has unveiled a series of steps the industry is taking to combat the rising costs of motor cover. In collaboration with its Consumer Advisory Group, it will commission […]