News

Car Insurance Premiums Continue To Increase

Confused.ComAccording to the Confused.com Car Insurance Price Index that is produced in association with Willis Towers Watson, motorists will be disappointed to read that, in the first quarter of 2017, fully comprehensive car insurance premiums rose. This has been a trend for quite some time and it remains to be seen when it will end.

Such premiums have increased by an average of 16% in the 12 months to 31st March 2017. In monetary terms, this equates to an average rise of £110 per annum that is no small sum. In fact, there has been an average increase of 2% per annum in the first quarter of this year with this equating to an extra £14 per annum. The cost of providing such cover at the end of the first quarter of 2017 had reached an average of £781 per annum.

Regrettably, every UK region saw an increase in premiums over a period of 12 months with the biggest percentage rise being in the Scottish Islands and Highlands that saw a rise of 21%. The Scottish Borders saw an increase of 19% but, interestingly, premiums in that region are still the lowest in the UK averaging £547 per annum.

Those motorists living in Inner London have seen their fully comprehensive car insurance premiums increase by an average of £174 per annum to £1,260 per annum in the 12 months to 31st March of this year. That equates to a rise of 16%. The South West saw an annual rise of 15% Traffic Jamalthough in the first quarter of 2017 the average premium in that region actually dropped by £1 per annum.

It is 66 year olds who have been subjected to the largest percentage increase with car insurance premiums going up by 23% in the last 12 months. The lowest increase in percentage terms was for 18 year olds who saw their premiums rise by an average of 9% although it is that age group who pay more for their motor insurance than anyone else with premiums being an average of £2,164 per annum.

With the cost of covering your car going up it is important that you shop around for a competitive deal. In that respect, why not speak to one of our experienced members of staff on 02380 268 351. AIB Insurance has access to an extensive panel of insurers and can help arrange cover on various makes and models of vehicle.

Classic Tractor Breaks UK Auction Record

Classic Tractor Last month Cheffins Cambridge Vintage Sale took place at which a classic tractor was sold for £86,100 with this being a record price at an auction here in the UK. The vehicle in question was a Matbro Mastiff built in 1963 and had a guide price of £40,000 that it significantly exceeded.

The above sale included vintage and classic motorbikes, tractors, cars and steam engines and, by the end of the day, in excess of £2 million of such vehicles had been auctioned. Several thousand people attended from various countries around the world no doubt creating competitive bidding.

There were also a number of other classic vehicles that achieved record prices such as the £63,000 that was paid for a David Brown crawler tractor dating as far back as 1957.
There were also some interesting classic cars sold including a Rolls Royce 25/30 Light Tourer built in 1936 that went for £35,700 as well as a Mini Cooper MK1 built in 1966Cheffins Cambridge Vintage Sale that achieved a sale price of £14,700.
There were also some wonderful classic motorbikes for sale including a Scott Super Squirrel built in 1927 that achieved a sale price of £9, 396. An AJS Model 499cc manufactured in 1938 went for £11,340. There was obviously a great deal of interest as 92% of motorcycles were sold for in excess of their guide prices.

Classic steam engines were also a feature in the auction with two John Fowler Ploughing Engines that were constructed in 1918 achieving a total price of £147,000.

There is obviously a great deal of interest from around the world in classic vehicles of various types including the likes of steam engines, tractors, motorcycles and cars. Let us hope that this interest continues for many, many years.

If you are looking to insure your classic vehicle then why not get in touch with us so that we can discuss your requirements and seek to obtain a competitive quotation for your consideration.

40% Of Landlords Are Women

Female LandlordsLandlords may like to set aside some time to read the Simple Landlords Insurance – Women in Property Report 2017 with 500 tenants and 400 landlords participating in the survey. The report contains many interesting statistics one of which is that around 40% of landlords here in the UK are now women.

Compare this with the fact that in the region of 17% of women are owners of business then the percentage of women that are landlords rather stands out. So, what are some of the differences in relation to male and female landlords?

Although the main reason why men and women invest in property is to generate monthly income, females were more likely to do so than men. A larger percentage of men invest for capital growth.

When a new tenant moves into a rental property women landlords are much more likely to speak to them than men. The same applies when the tenant moves out. However, there are a slightly greater percentage of women landlords who never personally speak to their tenants in comparison to male landlords.

Women landlords are more likely to rent to people that are on housing bHome Insuranceenefits as well as students, those people that have retired and single employed people than male landlords. Male landlords are more likely to rent to family tenants than female landlords are.

Most tenants did not mind whether their landlord was male or female. However, 15% of male tenants preferred a landlord that was male and 11% of females preferred a female landlord.

Female landlords were more likely to have a smaller portfolio of investment properties (1 to 2 properties) than men. Male landlords were more likely to have a larger portfolio of properties (3 to 10 plus properties) than female landlords.

Women landlords were less likely than their male counterparts to have bought an investment property to let out with the assistance of a buy-to-let mortgage. More women owned their investment properties outright than male landlords.

It is interesting that women landlords were more confident about the year ahead than male landlords in respect of their investment property portfolios.

More information can be found in the above report that may prove of interest to both male and female landlords.

If you are a landlord then why not get in touch with us here at AIB Insurance on 02380 268 351 and we will be happy to discuss your insurance requirements and obtain quotations from our extensive panel of insurers.

Auction Of 1966 Aston Martin Barn Find

Aston Martin Barn FindClassic Aston Martin DB6’s do not become available for sale at an auction too often but it is rarer still to come across one that is a “barn find”. Well, if you are an Aston Martin fan then now may be your chance to own one.

This is because, a right hand drive 1966 Aston Martin DB6 with an automatic gear box is being auctioned by Stacey’s Auctioneers and Valuers on the 7th May 2017 at the Essex Classic Car Auctions. Despite requiring full restoration work, it has an estimated sale price of £180,000 to £220,000.

Apparently, twenty-five years ago, this classic, sought after vehicle was placed in a barn having had its engine removed with a view to painting the bodywork. However, the car remained in the barn until recently and is now available for sale. It is reported that the instruments inside the car are still in situ and the lighting and chrome work on the outside of the vehicle are said to be in place. The engine is still there albeit it will not be firmly attached.

It would appear that whoever may decide to buy this rare classic car is going to have to spend some time restoring it or pay someone else to do the work. Hopefully, it will not be too long before it is restored to its former glory and is in perfect working order as there are fewAston Martin Barn Find sounds that beat the engine noise of an Aston Martin.

Here at AIB Insurance, we have insured many classic cars including a significant number of highly valuable ones. So, if you are looking to insure a classic vehicle why not give us a call on 02380 268 351 and speak with one of our experienced members of staff who will discuss your requirements and provide a bespoke quotation without any obligation on your part.

Tandem Skydiving World Record Attempt By 101 Year Old

SkydiveSkydiving is not for the faint hearted as jumping from a plane at heights of several thousand feet could prove stressful for some people. Well, at the tender age of 101, that does not appear to concern Bryson William Verndun Hayes who likes to be called Verndun.

This brave Second World war veteran plans to do a tandem skydive on the 13th May at Skydive Buzz near Honiton in Devon. Supporting him and making the jump will be several members of his family as well as his doctor.

Apparently, he had wanted to skydive when he was 90 but his family persuaded him otherwise. However, this is not the first time that he has been skydiving as Verdun currently holds the British record for the oldest person to do a tandem skydive from 10,000 feet which he achieved in 2016 when he was 100 years of age and thoroughly enjoyed the thrilling experience. If he is successful on the 13th May he will hold the world record for being the world’s oldest tandem skydiver jumping from 10,000 feet taking the record from a Canadian who was a few days younger than Verndun when setting the record in 2013.Tandem Skydiving

No doubt our many skydiving clients will join us here at AIB Insurance in wishing Verndun good luck for his very special day and that he has a wonderful experience and a safe landing.

Any monies raised by Verndum are for the benefit of the Royal British Legion.

If you do participate in skydiving or another extreme airsport then why not get in touch with us on 02380 268 351 to discuss your insurance requirements without any obligation. We have many years experience in arranging such tailored cover from an extensive panel of insurers for a competitive premium. We look forward to hearing from you.

Jaguar E-Type Reborn – For A Price!

Jaguar E-Type The Jaguar E-Type was an iconic sports car that was particularly popular way back in the 1960s. It was driven by the likes of famous film and football stars such as Brigitte Bardot and George Best and was renowned for its speed and elegant looks. It featured in many racing events.

Well, if you have got a spare £285,000 or more then you may be able to become the proud owner of an original Jaguar E-Type Series 1 that has been painstakingly restored to its former glory. Initially, there are 10 of these classic vehicles being restored.

Jaguar Land Rover Classic Works is located in Coventry where skilled craftsmen lovingly restore Jaguars under the “Reborn” scheme. The unit has the most up to date technology available to assist in the restoration process. Original Jaguar classic parts are to be utilized when the vehicles are restored.

You may be interested to read that a Jaguar George BestE-Type Series 1 4.2 Fixed Head Coupe finished in opalescent gunmetal grey is the first one to be restored. Back in 1965, the vehicle was shipped to California but found its way back to the UK. It has 78.000 miles on the clock. Its original engine, gearbox and bodywork have been rebuilt to the highest standard of workmanship.

The Jaguar E-Types will have either 3,781 cc or 4,235 cc six cylinder engines producing 265 bhp getting from 0 to 60 mph in around a mere 7 seconds and capable of a top speed of around 150 mph. We are sure that you will agree those are extremely impressive performance figures.

So, if one of these classic sports cars is still available to purchase and you are considering buying one why not get in touch with one of the experienced, friendly team here at AIB Insurance on 02380 268 351 to obtain a competitive quotation for classic car insurance to provide you with complete peace of mind.

Things Just Got Bigger!

ExpansionAIB Insurance has been in operation for over 20 years during which time we have grown in so many ways. For instance, we have progressively increased the number of insurance partners on our extensive panel providing our valued personal and business customers with access to a larger, more comprehensive range of insurance products resulting in them having a greater opportunity to obtain competitively priced, quality insurance cover.

This has resulted in a significant increase in the number of customers that we look after on a daily basis. That meant it has been necessary to recruit additional staff to provide our bigger customer base with the outstanding level of service that they have come to expect from us. You only have to take a look at our News section where we introduce our clients and business partners to our carefully selected newly appointed staff members to see what we mean.

Of course, those new staff and the additional office furniture and equipment that they needed have taken up more space meaning that we were outgrowing our current accommodation and required further room. As a result, we are pleased to inform you that we have been able to increase our office space but without having to move from our current location as the premises next door became available and we have signed a new lease.

AIBAt the present time, we are having building works carried out around us such as the removal of walls between both sets of offices to create one large premises. We will retain our current address. When the works are completed, we will have doubled the floor area that will also have the capacity to comfortably cope with our anticipated steady growth in the future.

We would just like to take this opportunity to thank our clients, insurer partners, advertising and marketing friends as well as our staff for bearing with us during the alterations. We can assure you all that it is “business as usual” here at AIB Insurance so feel free to continue to give us a call or pop into the office to discuss your insurance requirements.

AIB Sponsors The Hymer Owners Club’s Tea Urn

Tea UrnFor some time, here at AIB Insurance we have been arranging competitive insurance for a number of Hymer Owners club members on their Hymer motorhomes and campervans. This includes cover for both modern and classic vehicles.

Well, you may be interested to read that our relationship has grown even stronger as we are pleased to inform you that we have agreed to sponsor the Hymer Owners Club’s tea urn. This means that members have access to the likes of a traditional cup or mug of English Breakfast tea or perhaps a cup of caffeine-free tea that may help bring out someone’s inner tranquilit-tea whilst at the club perhaps whilst exchanging stories about their recent holiday in a Hymer motorhome. After all, it is thought that avid drinkers of tea can be rather chat-tea.

We love to arrange insurance cover on RV’s, motorhomes and campervans that come in a variety of shapes, sizes and ages. So, if you are the proud owner of a brand new Hymer motorhome, a second hand or classic one, a fully converted vehicle, a DIY conversion or a professional conversion then why not get in touch with us on 02380 268351.Tea

A member of our team will then happily arrange to obtain one or more quotations from our panel of specialist insurers for your consideration without any obligation on your part. As with most types of insurance, there are many providers of motorhome insurance but, dare we say, some of them are not everybody’s cup of tea. However, our experienced staff should be able to brew up one that is ideal for you. You will be pleased to hear that we are usually able to cover most drivers – even some of the naught-tea ones!

We look forward to hearing from you.

Rare Classic 1930’s Motorcycle Sold At Auction

This 1933 Matchless Model B Silver Hawk 593 cc classic motorbike with the registration number YD6392 was one of only 500 that were sold between 1931 and 1935. Furthermore, it is believed that only around 60 of these wonderful bikes are in existence today making it a rather rare motorcycle.YD6392

It is interesting to note that, back in 1933, brand new Matchless Model B Silver Hawk 593 cc motorbikes sold for the princely sum of £72. When production ceased four years later in 1935 you would have had to pay a little more for a new one as they had gone up in price to £79 – an increase of £7.

Well, earlier this month, this motorbike was offered for sale through auctioneers Dee Atkinson & Harrison at an auction in Driffield, East Yorkshire. It was sold for the sum of £43,000 – a substantial increase in value.

This vintage motorcycle had a number of owners from March 1933 when it was registered in Taunton, Somerset to Mr AC Thomason. There is a gap in its ownership history until 1949 when it was bought by Mr E Randall from Bexley, Kent. In 1954 it was sold to Mr R Hooker residing in Crayford, Kent. In 1957 it was purchased by Mr PF Smith-Stafford. Up until then the motorcycle had been registered as a Sidecar Bicycle but later that year its registration was changed to it being a Bicycle. Following Mr Smith-Stafford’s death in 2009 the Silver Hawk motorcycle was sold at a Bonhams auction in Harrogate, North Yorkshire to Mr D Law who lived in Hull achieving a sale price of £28,000.Motorbike

Whilst in Mr Hull’s possession, restoration work commenced on the motorbike but, unfortunately, he passed away whilst this work was underway. A Mr P Autherson took over the restoration project. Having completed the work the Silver Hawk was then auctioned achieving the figure stated above.

Here at AIB Insurance, we have insured many classic vehicles. So, if your cover is shortly due to be renewed or you require insurance for a new classic vehicle why not give us a call on 02380 268 351 and speak with a member of our experienced staff.

Cruise Critic Publishes UK Cruisers’ Choice Awards

If you are interested in taking to the high seas for a holiday on a cruise liner then you may find it of interest to visit the website of CruiseCritic.co.uk that has recently published details of the winning ships in their UK Cruisers’ Choice Awards for 2017.

CRUISE SHIPThe awards are based upon reviews carried out by a number of people going on cruises in 2016 and cover cruise liners that can accommodate 2,000 or more passengers (Large Ship), 1,200 to 1,999 passengers (Mid-Size Ship) and 1,199 passengers or less (Small Ship).

Below are some of the awards: –

In the Large Ship size, Celebrity Cruises vessel called Celebrity Reflection won the awards for Best Overall, Best for Value and Best for Cabins. Best for Public Rooms and Best for Service were won by Celebrity Silhouette.

In the Mid-Size Ship size, Oceania Cruises vessel called Riviera did particularly well winning six of the awards – Best Overall, Best for Service, Best for Dining, Best for Cabins, Best for Embarkation and Best for Public Rooms.

In the Small Ship size, Viking Ocean Cruises did well. Viking Star won the top awards for Best Overall, Best for Public Rooms, Best for Value, Best for Embarkation and Best for Service. Viking Sea won the top awards for Best for Fitness and Recreation, Best for Cabins and Best for Entertainment.CRUISE SHIP

The Best for First Timers award was won by Royal Caribbean’s Freedom of the Seas that is a large ship. The Best for Families award was won by Royal Caribbean’s Harmony of the Seas that is also a large ship.

As well as publishing reviews from holidaymakers about cruises they have gone on, Cruise Critic provides other information about cruises. So, as well as doing other research, you may find the website of assistance in helping select a cruise that you feel is suitable for you.

Of course, if you are considering a cruise, you will no doubt wish to make sure that you have suitable travel insurance in place. So, why not give us a call on 02380 268 351 and speak with a member of our friendly, knowledgeable team about such cover.