Car Insurance News Articles

Recent claims statistics from Norwich Union, the UK's largest insurer, have revealed an increase in thefts of older, less valuable cars.

Norwich Union's stats show that over 87% of car theft claims in 2007 were for vehicles worth less than £5,000 with cars 15-17 years old more than twice as likely to be stolen than newer cars.

The global rise in demand for steel and other metals has meant a sharp increase in the value of scrap metal, making even the most rusty old banger attractive to thieves.

Technical claims manager at Norwich Union, Martin Smith said: "Opportunist thieves are more inclined to target older cars that are not fitted with immobilisers, rather than take on modern day security systems. Cars most Full Story

New research by Norwich Union has revealed that as many as 19% of UK motorists involved in a crash have felt under pressure by the other party to admit liability. What's more, in 71% of cases, the cause of the crash wasn't actually their fault.

The study surveyed more than 1500 drivers and also found that 40% of respondents had suffered post-traumatic stress symptoms following a crash. These included recurring memories and feelings of distress when recounting the even, related to the facts that they had mistakenly admitted liability.

Norwich Union is urging drivers to be better prepared should they be involved in a Full Story

Research from Sainsburys Car Insurance has revealed that a staggering 1.15 million motorists have admitted to driving a car without being insured to do so in the last 12 months. Of these, almost 40% were aged between 17-24 and a further 22% aged 25- 34.

Penalties for driving illegally without insurance include hefty fines, a lengthy ban from driving and even having your vehicle seized and crushed. Figures from The Association of British Insurers show that the cost of uninsured motorists impacts all responsible drivers as an extra £25-£30 is added to the average annual car insurance premium.

Shockingly, 19% of those interviewed who admitted driving without insurance said that Full Story

This shocking revelation was the result of research carried out by the price comparison site moneysupermarket.com which asked motorists what they would do if their car was stolen because they had failed to secure it properly. Only 36% said they would own up and tell their insurer the truth, with another 33% admitting that they would keep it from their motor insurance provider. In addition, 31% were sitting on the fence, not sure if they would come clean about their mistake

Director of insurance at moneysupermarket.com, Richard Mason said... "It seems many British Full Story

The Chief Executive of the British Insurance Brokers’ Association (BIBA) has criticised the Government for being too slow in creating legislation to tackle the problem of uninsured driving on Britain's roads.

Speaking at the associations annual conference, Eric Galbraith called on the Government to accelerate the process and to fund publicity to raise awareness of the dangers of uninsured driving.

Victims of uninsured driving are responsible for 35,000 claims every year against the motor insurers’ bureau, of which 24,000 result from injury costing £417 million. BIBA considers the level of uninsured driving incidents to be unacceptable and is pressing for more resources to create a new enforcement agency to crack down on the Full Story

A survery by the internet-only insurer Swiftcover has revealed that thousands of UK motorists risk breaking the law because they are unaware of what their car insurance policy does and doesn't cover them for.

The research found that UK drivers are very confused about the benefits on their policies and could be unwittingly committing a criminal offence by making false assumptions. For example, many drivers are not aware that they could be accused of negligence if involved in an accident while smoking or eating at the wheel; resulting in a drastically reduced payout from their insurer.

Tina Shortle from Swiftcover.com commented: "While choosing the lowest price car Full Story