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Car insurance ‘shock’ as premiums rise 40%

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A STARTLING surge in car insurance premiums has left British motorists reeling, as the average cost of coverage now stands at a staggering £776 – an alarming 40% increase over the past 12 months alone. This unsettling revelation comes to light following the latest car insurance price index for Q2 2023, powered by WTW, which analysed over 6 million quotes.

These astronomical price hikes have catapulted car insurance into the ranks of the three most expensive household bills, trailing only behind council tax and energy expenses. For the average UK driver, council tax sets them back £984 annually, while energy costs come close at £964, further burdening household budgets.

Nevertheless, amidst this financial turmoil, there remains a glimmer of hope for drivers seeking solace. Surprisingly, some individuals have managed to save money by diligently comparing and switching insurance providers. Research conducted by Confused.com reveals that motorists who shopped around and switched insurers in the past three months saved an average of £63. Regrettably, only a mere 9% reported receiving a cheaper renewal price compared to the previous year.

The experts at Confused.com attribute these escalating prices to a surge in claims and the consequential rise in the cost of processing such claims. The resulting unprecedented increase in car insurance costs can be largely attributed to this surge in claims.

To mitigate the financial burden faced by drivers, Confused.com has issued valuable advice on how to reduce car insurance costs. Additionally, the survey highlights that 40% of Brits are calling on insurers to play a more active role in keeping prices at a manageable level.

Delving further into the data, male drivers are experiencing even more pronounced price hikes, with the average premium now standing at £827. This reflects a substantial 40% increase over the past year and an 18% increase over the last quarter. In comparison, female drivers are paying £690 on average, marking a 40% increase year-on-year and an 18% increase over the quarter. This discrepancy places the average gap between genders at £137.

Location plays a critical role in determining insurance costs, with some drivers now facing premiums over £1,000. Outer London witnessed a substantial 42% increase in prices, resulting in an average premium of £1,003 – the first time it has surpassed the £1,000 mark since the index’s inception. Inner London remains the most expensive region in the UK, with the average driver paying a hefty £1,257.

Unsurprisingly, car insurance prices have risen across all regions, though some areas still experience considerably lower costs. The South West boasts the most affordable average insurance cost, reaching only £509, despite a 36% increase over the past year.

Moreover, age plays a pivotal role in determining the financial burden on drivers. Younger drivers, aged between 17 and 19, face the brunt of these price hikes, paying more than £2,000 for their policies on average. Among this group, 18-year-olds bear the highest costs, with an average premium of £2,404. In contrast, drivers around retirement age enjoy the most favourable prices, with 69-year-olds paying an average premium of just £413.

These variations in pricing can be justified by assessing the risk profile of different demographics. Factors such as claims frequency, location, and age all contribute to the variation in insurance costs. For instance, male drivers typically face higher risk profiles due to driving more miles and owning more expensive cars. Consequently, they are exposed to a higher risk of claims, leading to higher premiums.

To ease the financial strain on motorists, Confused.com offers several ways to potentially reduce insurance costs without altering driving habits significantly:

Accurate Mileage: Driving fewer miles can lead to savings on car insurance, as higher mileage often translates to increased accident risk and claim likelihood.

Voluntary Excess: Increasing the voluntary excess can result in cheaper insurance, although it is essential to ensure affordability in the event of a claim.

Annual Payments: Paying for insurance annually rather than monthly can be a cost-saving measure, as insurers typically charge interest for spreading costs throughout the year.

Enhanced Car Security: Improving vehicle security can lead to reduced premiums. Installing Thatcham-approved car alarms, immobilisers, and using secondary security measures like steering locks all contribute to lower insurance costs.

Amidst this challenging financial climate, Confused.com’s motor expert, Louise Thomas, emphasises the importance of shopping around for the best insurance deal. The competitive industry offers the potential for substantial savings, making switching a wise move for cost-conscious drivers. To incentivise this, Confused.com guarantees to beat renewal quotes or compensate customers with the difference plus an additional £20, providing drivers with peace of mind and financial relief.

 

Health

NHS Wales users share mental health support stories

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Two Welsh patients say free online programmes helped them manage anxiety and stress

TWO people who transformed their mental wellbeing with the help of NHS Wales’ online support services are encouraging others to seek help during Mental Health Awareness Week.

Kate, 39, from Cardiff, and George Ryley, 27, from Aberystwyth, both say free online self-help programmes helped them regain control during difficult periods in their lives.

The pair were supported through SilverCloud Wales, a suite of digital mental health programmes based on Cognitive Behavioural Therapy, managed by Powys Teaching Health Board.

The stories are being highlighted as part of Mental Health Awareness Week, which this year focuses on the theme of “Action”.

Parental anxiety

Kate sought help after her young son began suffering febrile seizures, triggering severe anxiety that quickly escalated.

“My chest would tighten and I’d get this feeling like a wave of nausea,” she said. “I couldn’t eat, couldn’t focus.”

She described becoming consumed by fear, constantly checking on her son and worrying about possible seizure triggers.

“I was so distracted at work that I had to stay behind after hours, and at home I didn’t feel I was always present with my son in the right way,” she said.

After speaking with her GP, Kate was diagnosed with parental anxiety and referred to SilverCloud’s “Space from Anxiety” programme.

She said the flexibility of the online course made it easier to fit around family life.

“I could do it in the evening when my son had gone to sleep, or during breaks in the day. It worked around me,” she said.

Kate says she still regularly uses mindfulness, breathing exercises and writing techniques she learned through the programme.

“I haven’t had a single anxiety attack since I started it,” she added. “I’ve not looked back.”

Stress and illness

Meanwhile, Aberystwyth resident George Ryley turned to the service after work pressures and illness left him physically and mentally exhausted.

“I was used to being busy and active,” he said. “Then suddenly, even having a shower would sap all my energy for the day.”

George said a period of poor health linked to mould toxicity left him bed-bound for several weeks and badly affected his mental wellbeing.

After contacting his GP, he was referred for counselling and encouraged to try SilverCloud’s “Space from Stress” programme.

“I didn’t have the most positive mindset at first,” he said. “But as I worked through it, I was amazed at how effective it was.”

Each SilverCloud user is assigned a dedicated supporter who provides encouragement and advice throughout the course.

“Having such lovely feedback on my progress was really motivating,” George said.

“I’ve recommended SilverCloud to so many people who I know have been struggling with stress.”

Taking the first step

Fionnuala Clayton, project manager for NHS Wales’ Online CBT Service, said the stories showed how small actions could make a major difference.

“This Mental Health Awareness Week reminds us that action doesn’t have to be dramatic or overwhelming – sometimes it’s simply about taking that first step to seek support,” she said.

“SilverCloud Wales gives people the tools to understand their thoughts, manage anxiety and stress, and build resilience in a way that fits around busy working and family lives.”

SilverCloud Wales is free to access through NHS Wales and can be used on phones, tablets or laptops.

The service is not intended as a crisis support platform or for those requiring high levels of intervention.

People can sign up at nhswales.silvercloudhealth.com/signup.

 

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Community

Fishguard RNLI volunteers respond after yacht runs aground

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SOLO SAILOR HELPED TO SAFETY BY COASTGUARD CREWS

FISHGUARD RNLI volunteers were paged on Saturday evening (May 9) after a 26ft yacht broke free from its mooring and ran aground near Fishguard Lower Town quay.

The charity’s D-class inshore lifeboat, Edward Arthur Richardson, was launched at 7:56pm following a request from HM Coastguard.

Information received was that the yacht, with one person on board, had grounded on the seaward side of the quay.

When the lifeboat arrived, the helm assessed the situation and sea conditions. Swells were lifting the yacht before dropping it back onto rocks below the surface.

Because of the yacht’s position and the weather conditions, it was decided that the safest way to assist the sailor was from the shore. Fishguard Coastguard officers, who were already on the quay side, helped the casualty from the vessel and back up the steps on the quay wall.

The lifeboat remained on standby while coastguard crews assessed the situation. During that time, the helm kept the inshore lifeboat facing into the conditions to ensure the safety of those on board.

Once it was confirmed that the sailor, members of the public and coastguard officers were safely away from the water, the lifeboat was stood down and returned to station.

‘Not viable to tow’

Fishguard RNLI volunteer Lifeboat Press Officer, Cedwyn Rogers said: “Fishguard’s volunteer crew responded to a request from HM Coastguard to attend a yacht with one person on board that was being pushed onto rocks by the weather.

“Once on scene, the helm made an assessment and it was determined that, given the proximity to the quay and accessibility of the casualty vessel from shore, the most appropriate way in which to preserve life was for the casualty to be assisted from the yacht by coastguards.

“With the vessel already aground and the nature of the surf due to the northerly winds, it was not viable to attempt a tow without presenting further unnecessary risks to the lifeboat crew and casualty.

“Once a vessel has grounded, the structural integrity and stability of a vessel is unknown, and to tow it off could compromise that further. In these situations, other means of assisting a casualty will be utilised.

“With the casualty sailor safe with HM Coastguard and no further persons near the water’s edge, the lifeboat returned to station.”

The RNLI added that anyone who is in trouble at sea, or who believes someone else may be in difficulty, should call 999 or 112 and ask for the Coastguard.

Pic: RNLI/Rhodri Pugh-Dungey.

 

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Business

Caws Cenarth celebrates growing success with Tesco partnership

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WEST WALES cheesemaker Caws Cenarth is celebrating a successful first few months in Tesco stores after its artisan cheeses were launched into the retailer’s Grab and Go range.

The award-winning family business, based in Carmarthenshire, says strong customer demand has followed the launch in selected large Tesco stores across Wales.

The range includes Thelma’s Original Caerffili PGI, Perl Wen, Cenarth Brie and Perl Las, which have proved popular with shoppers looking for high-quality Welsh produce in a convenient format.

Business growth

The success has marked a significant step forward for Caws Cenarth, which has expanded its team and appointed Paul Garnish as Commercial Director to support continued growth.

He will work on strengthening retail partnerships, identifying new opportunities and building on the momentum created by the Tesco launch.

Founded in West Wales, Caws Cenarth has built a reputation for producing artisan cheeses using locally sourced milk and traditional cheesemaking techniques.

The company says the Tesco partnership reflects growing appetite among customers for premium Welsh produce that combines quality, convenience and strong local provenance.

Tesco praise

Tesco Wales buyer Nathan Edwards said: “We’re delighted to see Caws Cenarth go from strength to strength with their artisan cheeses in our Grab and Go range.

“Customers are increasingly looking for high-quality, locally sourced options, and this success is a fantastic example of how Welsh suppliers like Caws Cenarth are meeting these needs.

“Caws Cenarth’s commitment to craftsmanship and quality really stands out, and we’re proud to support their continued growth.”

‘Just the beginning’

Caws Cenarth Managing Director Carwyn Adams said: “We’re absolutely delighted with how our cheeses have been received by Tesco customers.

“It’s incredibly rewarding to see more people enjoying what we do, especially as a family business rooted in West Wales.

“We’ve always believed in making cheese the right way – with care, quality ingredients and respect for tradition – and it’s exciting to be able to share that with a wider audience.

“This is just the beginning, and we’re looking forward to building on this momentum.”

The partnership forms part of Tesco’s wider commitment to supporting local suppliers and bringing regional produce to customers across the UK.

 

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