VAN INSURANCE NEWS ROUNDUP: 7 DAYS ENDING 13 MARCH 2015:

Wondering why your van insurance or car insurance is so high? Around £93 worth of it is a result of the number of whiplash claims insurers have to deal with.

So why in the world is the amount of whiplash claims raising everyone’s insurance by an average of £93 lately? Well that’s just how many claims that car and commercial van insurance providers have had to deal with lately. Apparently there’s been an absolutely massive spike in volume recently, and insurers say the costs they incur in paying out for all these supposed whiplash injuries.

Insurers of course are pointing the finger at ambulance-chasing personal injury lawyers that are drumming up spurious claims in order to benefit from court costs and lawyer fees. If only there were some way to limit the impact of whiplash claims, insurance companies have been whinging – or at least that’s what they say whenever they’re not accusing the Government from doing enough to crack down on insurance fraud.

Meanwhile who loses out in the long run? We do, of course – every single one of us who has to keep their van or lorry insured. The so-called £2.5 billion a year that insurers say whiplash claims cost them gets passed on right to everyone who has to climb behind a wheel – and our personal share is £93. It’s enough to drive you absolutely mad – especially when there’s so much else to worry about.

Still, there’s not much we can do about it, is there? We have to make sure our vehicles stay insured at all times or we’re liable for all sorts of fixed penalties. And good luck getting cover from an insurer if they know you like motoring about without insurance! No, we’re all kind of over a barrel here – we’re stuck having to play by the industry’s rules. Honestly the best we can do is just shop around every year when it comes time to renew our cover and try our best to find a reasonably priced premium policy that doesn’t offer cut-rate cover or leave us with having to take out a mortgage on our flat to pay for it.

I wish I was exaggerating for comedic effect but sometimes I really wonder; don’t you?

VAN INSURANCE NEWS ROUNDUP: 7 DAYS ENDING 27 FEB 2015:

If you think you’re safe on the streets surrounded by your fellow white van men, think again – the cops are using vans and HGVs to spy on motorists.

Think it sounds like something out of a poorly written spy novel? Think again – police are outfitting ‘spy trucks’ in the form of heavy goods vehicles and vans in order to keep an eye out for mobile phone offences like texting or making calls. Being caught red-handed can lead to heavy fines – and in some cases, a nasty surprise when you go to renew your commercial van insurance at the end of the year.

That’s right, you heard it here first: car insurance and van insurance providers have always been keen to charge you as much as they possibly could and will use any excuse to do it, but in some instances an insurer may decide you’re just too much of a risk. This could be the fate of any motorists nicked by one of these undercover lorries; with individuals who text and drive being bloody menaces on the road because they’re so distracted, more and more insurers are flatly refusing to insure any of these lunatics at all, let alone charge them miserably high premium prices.

On the one hand I’m all for punishing idiotic drivers who think they’re special and that the laws don’t apply to them when it comes to careless driving. I can’t even imagine how many lives might be saved by stopping these bastards in their tracks. At the same time it does seem a little overreaching to use vans and lorries as high vantage points to spot anyone thumbing through their mobile phones whilst sitting in traffic.

Honestly though, if it makes the roads safer I can’t really argue with it. All I can do is offer the warning to anyone out there who thinks they can get away with it. Turns out you won’t be able to, so don’t even try. For pity’s sake, if you need to send a text that badly pull over on the side of the roadway and let the rest of us get to work without risking death.

VAN INSURANCE NEWS ROUNDUP: 7 DAYS ENDING 20 FEB 2015:

The Association of British Insurers says that the Government simply isn’t doing enough to bring down the costs of car insurance and van insurance for Brits.

Britons have had it up to here with high insurance premiums, the ABI said recently, and it has pointed the finger squarely at the Government for neglecting to move forward on reforms that would have aided the industry in bringing down the cost of insurance for everyone. When it comes to issues like unresolved reforms on the small claims track limit and the driving licensing regime, ABI director of general insurance policy James Dalton said that more has to be done to strip away unnecessary costs that are limiting the market. Doing so will help bring down insurance premiums, especially for younger drivers, Dalton added.

Premiums for both personal car insurance and commercial van insurance would plummet if the Government would increase the small claims track limit, the ABI says. Meanwhile a lack of the Government moving forward on changing testing and training for young drivers is making the roads more dangerous than they have to be, jeopardising the lives of younger motorists, and keeping their costs astronomically high, Dalton also said. A graduated driving licence regime would likely go a long way to resolve such issues, the ABI director said.

While the reforms to how younger drivers are taught to act behind the wheel is likely a help – especially if this ends up dropping the costs of their insurance as a result – I’m not quite as convinced about the small claims track limit. I’m sure it will help insurers keep their costs down, as more car insurance claims will go through the small claims system instead of being dealt with by high-powered and expensive solicitors, I also have a sneaking suspicion that this could deny access to justice for those who need it most – those injured in car accidents. Just how high the cap would be raised is one of those things that could make or break such an initiative, if you ask me.

I suppose we’ll see if the Government responds to the ABI’s criticism. I wouldn’t hold my breath if I were you, though.

VAN INSURANCE NEWS ROUNDUP: 7 DAYS ENDING 16 JAN 2015:

Well if this just doesn’t prove my point that you’re damned no matter what you do: new research says that when petrol prices drop, insurance premiums rocket.

That’s right, ladies and gentlemen, you heard it here first: you officially can’t win. If you’re finally relieved to see you’re not suffering any more pain at the pump due to petrol prices dropping like a stone, you can look forward to your car insurance or van insurance rising to compensate for the sudden extra cash you had. Imagine how bad fleet owners feel after having to pay even more for their commercial van insurance cover, after finally breathing a sigh of relief that their fleet of commercial vehicles won’t be burning a hole in their pocket at the petrol pump!

So how does it work? Well it’s ridiculously simple, actually. As petrol prices come down, insurers figure that this means motorists will have more cash to devote to filling their tanks. This works out to drivers feeling like they can motor about more than they do when they’re suffering from high petrol prices, so insurers decide that the roads will inherently be more dangerous because everyone’s out and enjoying a nice day or two just driving about without having to worry about taking out a mortgage to fill their tank at the end of the week.

It makes sense statistically but it’s truly frustrating for drivers, don’t you think? Also, it’s not like rates go up that much during times of cheap petrol – research says that over the last three months as petrol prices dropped insurance costs went up by a paltry 2 per cent – but it’s the principle of the thing that rattles my cage. Can’t we just enjoy the fact that we’re not being squeezed at the pump without our insurance companies trying to squeeze every last penny out of us?

Do you know what a 2 per cent rise equates to on average. £12 a year. That’s not much individually but taken altogether with millions of motorists that adds up quickly. Does the insurance industry really need that much extra cash? What are they doing with it all anyway besides trying their best not to pay out on fake whiplash claims?

VAN INSURANCE NEWS ROUNDUP: 7 DAYS ENDING 9 JAN 2015:

Unbelievable: new research from the Society of Motor Manufacturers and Traders says that the number of new vehicle registrations hit a 10-year high last year.

So this is some brilliant news for carmakers and car insurance providers here in the UK, with some 2.476 million cars sold in the country over the course of the last 12 months. This is the highest figure since 2004, and it’s also a 9.3 per cent increase over 2013 figures as well.

Yes, well done car buyers, good for you! Guess what, though? With those 2.475 million new cars getting sold in the UK this year there were 2.476 million new insurance policies taken out as well. That’s a pretty big bump, and it could lead to either good news or bad news for the car and van insurance marketplace.

So here’s the first scenario: insurers were so chuffed by having the influx of new policies – more than 9 per cent more than last year, after all – that the extra revenue collected from premium payments has filled their coffers. The result: cheaper insurance for everyone in the UK, huzzah!

Doesn’t sound likely to you? Yes, me neither. It’s far more likely that these insurers will see this as the beginning of a trend where there will be increased demand for their services going forward. And you know as well as I do when demand goes up while supply stays the same: prices go shooting into the stratosphere. In other words, all these bastards buying Ford Fiestas and Vauxhall Corsas are effectively driving up the prices for everyone else, including personal and commercial van insurance customers, simply because there’s just so many more of them from last year.

In other words, hold on to your wallets, blokes – I’m reasonably sure that when you renew your policy this year you’re going to see that prices have gone up across the board. I mean there was already some evidence of this happening as of a few months ago, but now this absolutely seals the deal – or at least I think it does, anyway. But then what do I know?