|By PR Newswire||
|November 13, 2012 12:01 PM EST||
CHESTER, England, November 13, 2012 /PRNewswire/ --
- Average car insurance premiums have decreased by 6.4 per cent over the summer to £456 according to The MoneySupermarket Monitor*
- Scots benefit from the average cheapest premiums
- New gender rules could reverse the downward trend, warns MoneySupermarket
The latest MoneySupermarket Monitor on Car Insurance shows the downward trend in car insurance pricing continued over the summer of 2012, with average annual premiums now standing at £456, a fall of 6.4 per cent.
The full analysis of more than 18 million quotes* tracks the average car insurance prices of customers using the UK's number one comparison site. The Monitor found car insurance prices have fallen 10.9 per cent since September last year, saving the average motorist £56 on their annual premium.
However, despite the overall fall in car insurance premiums year on year and Quarters 2 to 3, a more detailed breakdown of the data month by month indicates a slight increase in the average cost of car insurance premiums between August and September of 1.6 per cent - an extra £7 to the cost of an average policy.
Our historical data shows a similar 'bump' in the late summer of 2011. There was also an increase in Quarter 4 2011, which could indicate that increases are in the pipeline for Quarter 4 2012.
Female motorists continued to benefit most from the overall fall in the cost of cover in recent months, as the average price for women drivers decreased by 7.5 per cent compared to a 5.4 per cent drop for male motorists.
Over the summer months, the price gap between the average cost of cover for male and female motorists stood at £115, meaning men are paying 29.1 per cent more. This is 2.8 percentage points higher than the gap recorded between the genders in the spring 2012 data, showing that, despite the imminent implementation of the ECJ ruling outlawing gender discrimination in insurance pricing, the gap between male and female car insurance premiums has actually increased in the three months to the end of September.
Kevin Pratt, insurance spokesperson at MoneySupermarket.com, said: "Overall things still look good for motorists who long for cheaper car insurance premiums as the cost of cover was lower in the summer than it was in spring, and significantly lower than the same time last year. However, we have seen a slight increase between August and September which may indicate the trend is not set to last.
"Insurers are slowly releasing information on their plans for the implementation of the ECJ ruling, so we continue to expect uncertainty over the cost of car cover for the final quarter of this year."
The Monitor found all regions in the UK continued to benefit from a reduction in the cost of premiums over the last quarter. The average cost of cover continues to vary considerably across the country with London topping the chart for the most expensive car insurance premiums, averaging £704 per year. Overall, motorists in Scotland have the cheapest annual car insurance, averaging £303 in North Scotland and £291 in South Scotland.
Kevin Pratt continued: "As we saw in the last MoneySupermarket Monitor on Car Insurance the cost of annual cover varies considerably across the country. Londoners continue to suffer from the highest premiums while those in Scotland are benefitting from average premiums around £400 lower. Despite the title of the UK's cheapest car insurance going to those drivers in Scotland, when looking at who has had the lowest levels of deflation year on year, Scottish postcodes fill the table. This may mean premiums might not continue to fall in those areas as the rate of reduction slows compared to other areas of the country.
"The fall in the cost of cover across the UK is partly due to intense price competition in the market. This is excellent news for motorists who are prepared to shop around to ensure they get the best deal. The typical saving made by those using MoneySupermarket to take out their car insurance is £409**. Other factors that account for deflation include insurers making improvements to fraud detection, cutting the amounts paid out on false claims dramatically, and, new cars are more secure than they have ever been, with alarms and immobilisers fitted as standard. It is also easier to track stolen cars via satellite, therefore improving the likelihood of recovery."
Notes to editors:
* MoneySupermarket Monitor on car insurance:
18,378,495 quotes run on the MoneySupermarket website between July 2011 and September 2012.
Average Movement Last Movement Area Price GBP Quarter % Last Year % GREATER LONDON GBP 704 -5.9% -7.8% NORTH WEST ENGLAND GBP 547 -7.7% -13.6% WEST MIDLANDS GBP 487 -5.7% -10.2% YORKSHIRE GBP 475 -6.5% -14.3% NORTH EAST ENGLAND GBP 436 -6.8% -12.4% EAST ANGLIA GBP 435 -5.9% -9.1% NORTHERN IRELAND GBP 433 -5.5% -10.7% SOUTH WALES GBP 425 -6.9% -11.5% EAST MIDLANDS GBP 418 -6.1% -10.1% SOUTH EAST GBP 401 -6.8% -9.0% NORTH WALES GBP 343 -6.7% -9.9% MID SCOTLAND GBP 341 -6.2% -10.4% MID WALES GBP 339 -7.8% -7.9% SOUTH WEST GBP 320 -7.4% -9.2% NORTH SCOTLAND GBP 303 -4.1% -5.0% SOUTH SCOTLAND GBP 291 -5.7% -9.2%
** Based on online independent research by Consumer Intelligence during 01 September 2012 to 30 September 2012
MoneySupermarket.com compares (at 30th Oct 2012)
- 129 car insurance brands and 100 home insurance brands
- 10 broadband providers and 18 energy providers
- 30 unsecured loan and 5 secured loan providers
- 62 mortgage lenders and 29 credit card providers
- 66 savings providers and 37 current account providers.
- Over 950,000 mobile phone deals
We help our customers to save money on all of their household bills by providing a free, easy to use online service so they can compare a wide range of products in one place and find the product most suited to their needs. Our size means we are able to offer our customers exclusive, market-leading deals, including some they can't even get direct from providers.
By having considerable volumes of informed customers actively looking for products and ready to purchase, we offer our providers an efficient and cost effective customer acquisition solution across all of our channels. This enables our providers to target their marketing spend in an effective and completely measurable way.
Our revenue comes predominantly from fees paid to us by product providers when a customer clicks through to their website and actually applies for or purchases a product. It is a success based marketing fee.
Our customer commitment
- We make it easy to find the brands you expect to see
- We strive to ensure a product cannot be found cheaper by going direct
- We let you remain in control of your personal data
- We are independent and impartial
- We make it easy to switch and save
- We strive to always show the most competitive product available
For further information, please contact:
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 5, 2015 01:30 AM EDT Reads: 983
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be.
Sep. 5, 2015 01:00 AM EDT Reads: 249
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Sep. 5, 2015 01:00 AM EDT Reads: 405
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 4, 2015 06:45 PM EDT Reads: 459
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
Sep. 4, 2015 04:15 PM EDT Reads: 537
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
Sep. 4, 2015 04:00 PM EDT Reads: 101
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, will discuss how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the data to create additional revenue streams, such as improved warranties or premium features. Or slash...
Sep. 4, 2015 04:00 PM EDT
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Sep. 4, 2015 03:45 PM EDT Reads: 153
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 4, 2015 03:00 PM EDT Reads: 233
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Sep. 4, 2015 02:00 PM EDT Reads: 278
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 4, 2015 12:30 PM EDT Reads: 126
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Sep. 4, 2015 12:00 PM EDT Reads: 301
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
Sep. 4, 2015 12:00 PM EDT Reads: 117
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 4, 2015 12:00 PM EDT Reads: 507
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Sep. 4, 2015 11:45 AM EDT Reads: 407
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Sep. 4, 2015 11:00 AM EDT Reads: 1,620
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on demos and comprehensive walkthroughs.
Sep. 4, 2015 11:00 AM EDT Reads: 438
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 4, 2015 10:45 AM EDT Reads: 671
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
Sep. 4, 2015 09:30 AM EDT Reads: 341
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small, but are focused on specific tasks. The ability for developers to deploy multiple containers – thous...
Sep. 4, 2015 09:00 AM EDT Reads: 223