We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy.

Four-wheel drive insurance on the rise

Four-wheel drive insurance on the rise

Four-wheel drive insurance on the rise The number of insured four-wheel drive vehicles in the UK has increased over the past several years, according to car insurer Admiral.
 
Admiral said 10% of the cars it currently insures are 4x4 vehicles, up from 7% just five years ago.
 
The insurer said 4x4 vehicles are even more common in some parts of the UK, where around 25% of motorists insured by the company drive one.
 
“We’ve seen a big increase in the number of 4x4s we insure since the end of the recession in 2009,” said Alistair Hargreaves, head of service at Admiral.
 
“This could be because consumer confidence has increased and more people are buying more expensive four-wheel drive vehicles cost than regular cars,” he added.
 
Admiral found that 4x4s are most common in two very different parts of the country – the rugged and wild north east of Scotland and the affluent quarters of west London.
 
According to the insurer, the number one 4x4 hotspot in the UK is the AB33 postcode area around Alford in Aberdeenshire.
 
The RM4 postcode area around Abridge in Essex is the second hotspot, followed by AB34 around Aboyne in Aberdeenshire.
 
Admiral also discovered that the occupations most likely to own a 4x4 vehicle are farmers, stockbrokers, investment managers and merchant bankers.
 
 
Related stories:
Admiral boosts customer engagement with speech analytics
Admiral slammed on back of record results
Admiral may move business away from UK over Brexit