The NFDA has urged dealers to ensure their compliance with new regulations governing the way in which Guaranteed Asset Protection (GAP) insurance is sold to consumers. Set out by the Financial Conduct Authority (FCA), the new rules are due to come into effect on 1 September 2015. Dealers will be required to explain that customers must return to the dealership four days after purchasing their car if they want GAP insurance.
In his Budget, the Chancellor said Insurance Premium Tax will be increased from 6 per cent to 9.5 per cent. The AA, for one, was unimpressed, describing the increase as “an outrageous hike thatcould well backfire by leading to an increase in uninsured drivers.” The IPT increase will mean an extra £17.50 on a £530 average Shoparound premium according to AA benchmark British Insurance Premium Index.
Road safety charity, Brake and Direct Line have released data on drivers’ attitudes when it comes to vehicle safety checks and basic maintenance. Almost half of respondents admitted to driving with at least one risky vehicle problem or defect. The IMI, the professional body for the motor industry which is campaigning for the licensing of the retail motor trade, believes fears of being over-charged or given poor service by garages are probably contributing to motorists’ attitudes.
Crash for cash – road traffic accidents deliberately caused in order to claim whiplash compensation – is now at the highest level ever detected by Aviva, the UK’s largest insurer. Organised gangs are at the heart of the increase in the number of these induced accidents. So far this year, Aviva has seen a 21 […]
As British Summertime ends, a new survey of over 1,ooo motorists commissioned by the Eyecare Trust and not for profit insurer Westfield Health reveals more than half of Britain’s 34 million motorists struggle to see when driving after dark, whilst many more avoid driving at night altogether.
MoneySuperMarket analysis of over 11 million car insurance quotes reveals the top ten professions in the UK that make both the fewest, and most, ‘at fault’ claims on their car insurance policies.
Surgeons are most likely to make an at-fault claim, followed by a GP, health visitor and hospital consultant; meaning the healthcare sector may be best placed to save your life, but are the ones to avoid on the road. The only sector outside of health care to enter the top ten table for at-fault claims are probation officers, who will no doubt spend a lot of time in the car between meeting offenders, victims and the police.
A new study from Churchill Car Insurance of over 2,000 UK adults reveals that the majority (56 per cent) say they would not purchase a driverless car and a quarter (25 per cent) believes that autonomous vehicles will not be safe.
One of the Eagle-eyed editors at Tyres & Accessories’ German sister title, Neue Reifenzeitung recently dropped us a line with regard to our coverage of insurance firm Liverpool Victoria’s research into the UK part worn tyre market (see “23 million part worns sold since 2009” online and in the June issue of the magazine for the original story). In short it seems that while we accurately reported the figures that were released to the press, some of the calculations undergirding the report’s claims couldn’t bear their own mathematical weight. Or in other words the research shows that annual worn tyre demand is less than 4 million units annually and not knocking on the door of 6 million tyres a year (5.7 million units annually was the precise figure) that was originally quoted.
There’ll be room on top at Continental’s Reifen 2014 stand. The German tyre maker will make itself at home with a double-decker show stand in Hall 3.0 (Stand 3A36), and present its Continental, Uniroyal, Semperit, Barum and Matador-brand products on a floorspace of approximately 450 square metres.
The latest research suggests that as many as 5.6 million part worn tyres have been sold in the UK each year since 2009. The ICM poll, which was commissioned by insurance firm Liverpool Victoria (otherwise known as LV) and published on 10 April found that 1.5 million motorists have bought “sub-standard second hand tyres” since 2009 and that a total of 23 million part worns have been sold in the UK since then.
A specialist insurance broker is offering discounts of up to 20 per cent for vehicles fitted with auto-braking systems. Adrian Flux, the country’s largest specialist motor broker, has launched a new scheme to cater for the growing number of vehicles fitted with the technology, which significantly reduces the likelihood of lower-speed collisions.
The National Farmers Union Mutual Insurance Society Limited, or NFU Mutual for short, is the latest organisation to join TyreSafe. Following the example set by Adrian Flux Insurance Services two years ago, NFU mutual is the second insurer to join the tyre safety organisation; in total, TyreSafe now boasts some 70 members from a diverse range of sectors including tyre manufacturers and retailers, car manufacturers, emergency services, local councils and fleet operators.
A survey commissioned by insurance price comparison website Gocompare.com shows that young people feel priced out of car ownership, or even learning how to drive. Over a third (35 per cent) of non-drivers aged between 17 and 25 responding to the survey said it is just too expensive to learn to drive or to own […]
UK automotive industry charity BEN has extended its support for colleagues in the business. As the devastation caused as a result of the extraordinary series of weather storms in the UK continues, BEN said it recognises the likelihood that members of the automotive community are extremely likely to be amongst those being challenged by the experience.