Insurance

Rowan Atkinson escapes injury after McLaren F1 crash

The actor and car enthusiast lost control of his £650,000 McLaren F1 near Haddon, Cambridgeshire, walking away with a shoulder injury and a massive repair bill.

Hagerty's DriveShare Turns Classic Cars into Peer-to-Peer Rentals

DriveShare, Hagerty's classic car rental platform, lets owners earn income from their prized vehicles while giving enthusiasts access to everything from Mustangs to Ferraris for special occasions or road trips.

Citroën launches C1 Furio with sporty looks for young drivers

Citroën has introduced the C1 Furio to the UK, targeting first-time buyers with bold styling, low running costs and insurance-friendly engines.

Allianz prepares legal action against Volkswagen over emissions scandal losses

German insurer Allianz is set to seek compensation from Volkswagen, joining a wave of investors claiming damages after the automaker’s share price collapse in the wake of the diesel emissions scandal.

Swiss man torches Ferrari 458 to pressure father for upgrade

A 20-year-old from Switzerland paid accomplices to burn his Ferrari 458 Italia in a staged arson, hoping to persuade his wealthy father to buy him a new supercar.

Lamborghini Gallardo destroyed by fire during petrol stop

A 2013 Lamborghini Gallardo was completely destroyed after catching fire while being refuelled on a road trip from Indianapolis to Houston.

Bugatti Veyron Damaged in Track Crash in the Netherlands

A Bugatti Veyron suffered bodywork and wheel damage during a track incident in the Netherlands, with repairs expected to be costly due to the model's exclusivity.

Lamborghini Gallardo and Range Rover end up in US pond after collision

A Lamborghini Gallardo collided with a Range Rover in the United States, sending both vehicles off the road and into a pond, with both cars suffering substantial damage.

US insurers criticised for failing to reward low-mileage drivers

A study by the Consumer Federation of America claims most US insurers do not offer meaningful discounts to drivers with low annual mileage, potentially penalising older and lower-income motorists.

Alonso’s Barcelona Crash Triggers €1.8m Insurance Payout

Fernando Alonso’s testing accident at Barcelona forced McLaren’s insurers to pay out €1.8 million after the Spaniard missed the Australian Grand Prix on medical advice.

Audi R8 Smashed by Wife After Cheating Revelation

A red Audi R8 was heavily damaged by its owner’s wife after she discovered his infidelity, leaving the supercar with extensive body and interior destruction.

Insurers Push for Driver-Tracking Tech in Exchange for Lower Premiums

Insurance companies are offering discounts of up to 30 percent to drivers who allow telematics devices or apps to monitor their driving behaviour, with global uptake accelerating.

UK car insurance premiums rise for first time since 2012

AA figures show a 1.2% increase in average car insurance premiums in the third quarter of 2014, reversing two years of falling prices driven by intense competition.

Subaru WRX tops US speeding ticket charts, Insurance.com study finds

A 2014 Insurance.com analysis found the Subaru WRX had the highest proportion of drivers with recent speeding tickets in the United States, ahead of discontinued models like the Pontiac GTO.

Mercedes-Benz SLS AMG lost at sea during Argentina delivery

A white Mercedes-Benz SLS AMG was declared a total loss after its container plunged into the Rio de la Plata en route to Buenos Aires in 2013.

German Carmakers Consider Black Boxes for Autonomous Cars

Mercedes-Benz and BMW are among manufacturers discussing aircraft-style data recorders for self-driving vehicles as regulators and insurers seek clarity on accident liability.

Autonomous Cars Set to Reshape the Global Motor Industry

Major manufacturers and technology firms are accelerating autonomous vehicle development, with wide-ranging effects forecast for transport, insurance and mobility by the 2020s.

Seized Lamborghini Aventador Sold at London Police Auction for £218,000

A Lamborghini Aventador impounded by the Metropolitan Police for lack of insurance and number plates has been auctioned in London, raising £218,000 after the owner failed to claim it.

Rowan Atkinson’s McLaren F1 Returns After £910,000 Repair

Rowan Atkinson’s McLaren F1, damaged in a 2011 crash, has been returned to the actor following a two-year restoration that cost his insurer nearly a million pounds.

Honda tops engine reliability as MG Rover and German brands struggle

Warranty Direct’s 2013 report highlights Honda and Toyota as the UK’s most reliable engine makers, while MG Rover, Audi, BMW and Volkswagen rank among the worst for engine failures.

15,000 Hurricane Sandy-damaged cars stored for auction at New York airpark

Insurance Auto Auctions has parked 15,000 flood-damaged vehicles at Calverton Executive Airpark in Riverhead, New York, with many set to be scrapped, parted out or auctioned over the coming months.

Nearly 1,200 Cars Set Alight Across France on New Year's Eve

France saw 1,193 vehicles torched during New Year's Eve celebrations in 2012, as authorities released figures on a phenomenon that has become an annual occurrence.

Hurricane Sandy Destroys Over 230,000 Vehicles Across US Northeast

More than 230,000 vehicles were declared total losses after Hurricane Sandy, with New York and New Jersey accounting for most of the damage, according to insurance data.

Volkswagen Financial Services and Allianz Launch Global Car Insurance Joint Venture

Volkswagen Financial Services and Allianz SE will form Volkswagen Autoversicherung AG, a joint venture offering bundled insurance and finance packages to VW customers worldwide from April 2013.