All the updated news related to motor insurance

All the news related to motor insurance updated in real time

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Personal Finance

Average price paid for motor insurance climbs amid rising costs for insurers

The average annual price paid for motor insurance increased by £5 in the second quarter of this year, according to an industry body. The Association of British Insurers (ABI) said the typical price for private motor insurance has increased to £419 – ...

08 Aug 2022 at 01:01

Drivers urged to slow down near schools after ‘concerning’ research

Motorists have been urged to slow down near schools after research described as “extremely concerning”. Analysis of vehicle speeds outside a primary school in Berkshire found that more than a fifth (21%) of drivers exceeded the 30mph speed limit. ...

25 Feb 2022 at 01:25

Local News

Level of uninsured driving in Ireland is becoming “problematic” - MIBI

There are now more than 23,000 more uninsured drivers on Irish roads, than there were in 2018. The level of uninsured driving in Ireland is becoming “problematic”, according to the Motor Insurers’ Bureau of Ireland (MIBI). The MIBI were speaking ...

05 Apr 2022 at 10:33

Personal Finance

Insurers warned they must offer fair settlements when cars are written off

Insurance firms have been warned not to undervalue cars and other items when settling insurance claims. The Financial Conduct Authority (FCA) said it has seen evidence some people left with written off cars after an accident are being offered a ...

02 Dec 2022 at 12:10

Personal Finance

Average insurance premium paid by motorists increases

The average premium paid by customers for private motor insurance in the third quarter of this year was 2% higher than a year earlier, as vehicle repair costs increased, according to an insurance industry body. Motorists typically paid £436 in ...

02 Dec 2022 at 01:01

Local News

Donegal motorists paying up to €175 more insurance to cover uninsured claims

287 insurance claims were made due to accidents caused by uninsured and untraced drivers in Donegal over the past five years. And over that same period, the average Donegal motorist will have contributed between €150 and €175 to cover these ...

26 Apr 2023 at 15:33

Motoring

Donegal motorists paying up to €175 more insurance to cover uninsured claims

26 Apr 2023 at 14:33

Personal Finance

Average price paid for motor insurance has jumped by 16% in a year – ABI

The average price paid for motor insurance jumped by 16% annually in the first quarter of this year, as rising costs have become increasingly challenging for insurers to absorb, according to the Association of British Insurers (ABI). ...

11 May 2023 at 00:01

Personal Finance

City regulator warns insurance firms to make sure they are offering fair value

The City regulator has given firms producing a type of add-on insurance to motor cover an ultimatum to demonstrate they are providing fair value. Firms that are unable to prove they are providing fair value to their customers should ...

20 Sept 2023 at 16:09

Personal Finance

Average price paid for motor insurance has reached record high, says ABI

The average price paid for motor insurance has surged by just over a fifth (21%), or nearly £90 in cash terms, over the past year, to reach the highest levels since records started in 2012, according to the Association of British ...

11 Aug 2023 at 00:01

Personal Finance

Record £2.5bn in motor claims was paid out between April and June, says ABI

A record £2.5 billion in motor claims was paid out in the second quarter of this year, according to the Association of British Insurers (ABI). This was the highest quarterly figure since the ABI started collecting data in 2013 ...

05 Sept 2023 at 00:01

Personal Finance

Record £9.9bn paid out in motor insurance claims last year, says ABI

Motor insurers paid out a record amount in claims last year, according to the Association of British Insurers (ABI). The £9.9 billion paid out in 2023 is the highest annual figure since the ABI started collecting data in 2013....

06 Apr 2024 at 00:01

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