Car insurance premiums are set to break through the £600 barrier for the first time next year as insurers pass on higher costs and with the further increase in Insurance Premium Tax (IPT) from 10% to 12% from June. This means drivers, now typically paying around £50 a year to the Treasury when they insure […]
Read More →Increase in Car Insurance Premiums
on December 13, 2016in Insurance News, Towan Insurance Newstags: Car Insurance
Tougher penalties for drivers using mobile phones
on November 7, 2016in Homepage, Insurance Newstags: Car Insurance
Drivers caught using handheld mobile phones in Britain are to face “much tougher penalties”, with fines and points doubling. New rules coming into force next year will see drivers get six points on their licence and received a £200 fine. Also newly qualified drivers could be made to retake their test the first time they […]
Read More →Interesting Facts about Car Insurance
on November 2, 2016in Insurance News, Towan Insurance Newstags: Car Insurance
Here are some interesting facts you may not know about car insurance: Buying a brand new car is likely to increase your insurance premiums Credit rating can affect your premiums as much as a conviction or accident Although drivers under 25 have a higher risk and require higher premiums, not all insurance companies will drop […]
Read More →Some Facts and Figures about Vehicle Accidents
on February 17, 2016in Insurance News, Towan Insurance Newstags: Car Insurance
Around 40% of vehicle accidents incurring physical loss or damage occur during parking or manoeuvring, according to a recent Allianz Insurance research initiative. It also found that the vast majority of incidents happen when reversing. In eight out of ten cases, the accident happens when manoeuvring out of a parking space; incidents rarely occur when […]
Read More →New measures aim to tackle car insurance fraud
on January 27, 2016in Insurance News, Towan Insurance Newstags: Car Insurance
The UK Government has welcomed a new set of measures by the Insurance Taskforce (IFT) to tackle vehicle insurance fraud within the UK. The recommendations from IFT aim to encourage greater use of insurance data sharing, as well as collaboration between regulatory bodies and the insurance sector to curb the number of insurance scams occurring […]
Read More →Car Insurance Prices Soar
on January 23, 2016in Insurance Newstags: Car Insurance
Car insurance is one of those things that no-one really likes paying for, and unfortunately, it could be even more of an unwelcome expense in the year ahead, with research showing that the cost of car insurance premiums soared in the last few months of 2015 – and it isn’t showing any signs of slowing […]
Read More →Autonomous Emergency Braking (AEB)
on December 29, 2015in Insurance Newstags: Car Insurance, Fleet Insurance, motor insurance
What’s this all about? Autonomous emergency braking (AEB) is considered to be one of the most important safety features developed since the seatbelt. It monitors the road ahead and automatically brakes if the driver fails to respond to an emergency situation meaning it can reduce the impact, or even stop the accident from happening in […]
Read More →6 Facts about electric cars
on December 7, 2015in Insurance News, Towan Insurance Newstags: Car Insurance
A hundred years ago, electric cars outnumbered their gasoline-powered counterparts on US roads. Read on to find out which country is currently leading the electric car field and which vehicle is less expensive to operate. Around 1900: close to 34,000 electric cars in the United States Electric cars were the focal point of the 2015 […]
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