Experts at Eydens Auto Locksmiths Recommend Tips to Reduce the Cost of Car Insurance
06/02/2025, Coventry Midlands // KISS PR Brand Story PressWire //
Eydens Auto Locksmiths, a highly experienced team of professionals providing emergency auto locksmith services, van security, immobilisers and replacement keys, has shared advice for motorists and commercial vehicle drivers struggling with ever-increasing insurance premiums.
The company, which serves clients across the West Midlands from its base in Coventry, offers emergency auto locksmith support and the installation of insurance-approved trackers and other security devices for companies, rental providers, and private clients.
Trends and Factors Behind Increased Costs of Car and Van Insurance Coverage
Spikes in the costs involved with keeping a vehicle on the road are far from a secret. An article published by the House of Commons Library last year addressed the fact that private driver quotations had risen by a staggering 82% since May 2021 – a period of just over three years—in comparison to a far more modest 21% rise in the price of other consumer goods and services.
Similar cost pressures apply to businesses and tradespeople, who have found that even the most competitive premiums available today remain 25% higher than in early 2023. This demonstrates that increases in insurance costs apply to all motorists, commercial and private, across the board.
There are varied factors, including the higher costs of repairing modern vehicles with more sophisticated technologies, increased rates of vehicle theft, especially for work vans, shortages of parts and components, and advancements in the techniques criminals use to target and break into or steal vehicles.
Vehicle and contents thefts have risen steadily over recent years, adding to the claims frequencies insurers account for when preparing quotations. The latest data from the RAC indicates that 30 vans are stolen daily in the UK, with a commercial tool theft every 12 minutes.
Further reporting shows that, despite the higher costs of replacing or repairing damaged or stolen vehicles, only 42% of vans sold as new are fitted with a manufacturer-approved alarm, and 5.5% do not have the capacity or connectivity to enable the owner to install a modern, high-functioning alarm system.
Expert Recommendations to Utilise Cutting-Edge Vehicle Security to Lower Insurance Premiums
Rob Eyden from Eydens Auto Locksmiths says, ' Relying on the standard locks, doors, and occasional alarms that come fitted with your vehicle is, unfortunately, never advisable. This may increase the likelihood of needing to claim against your insurance at some point, and the chance that your quoted premiums are higher than anticipated.
We always recommend that our clients take a proactive stance when it comes to vehicle security, regardless of the type or value of the car or van they drive. This protects them from criminal activity and can make a real impact on how much it costs to keep their vehicle on the road.
Some massively cost-efficient options are available, including insurance-approved S7 Trackers and S5+ Imob Trackers. These effectively act as advanced immobilisers and mean your vehicle cannot be driven away without you being present with an encrypted card.
Adding a GPS tracker, or a hybrid immobiliser and tracker, isn't solely suited to theft prevention. Insurers may actively offer discounts, given that these devices make it easier for the authorities to trace and recover a stolen vehicle.
While we know many people are reluctant to opt for a 'black box' type device, most commonly offered to younger drivers, these trackers don't transmit data to your insurance provider but provide a great way to attract competitive premiums and position yourself as a driver an insurer will want as a customer.'
The Impacts of Advanced Vehicle Security Measures on Insurance Premiums
Most car insurance providers have a generalised set of queries that affect the premiums an applicant is eligible for. That might include parameters such as whether the car is parked in a garage, driveway, or public road overnight, the number of named drivers, and whether the vehicle is used for private, business, or mixed usage.
Opting to pay a higher excess on any potential claims, and shopping around when insurance policies become due for renewal can lower your premiums and is beneficial for those needing a good degree of coverage but with limited budgets.
Eyden adds that, ' While a lot will depend on your insurer and your car or van, we've heard from clients who have saved a significant amount, with the average premium reducing by between 5% and 30% once they have provided evidence of an insurance-approved immobiliser or tracker – which might mean comprehensive coverage is more affordable, and the cost of a security device will easily pay for itself.'
Read more about Eydens Auto Locksmiths and Vehicle Security - Eydens Auto Locksmiths Advise Drivers of the Advantages of Installing a GPS Tracker
About Eydens Auto Locksmiths and Vehicle Security
Eydens Auto Locksmiths have over 20 years of experience and are members of both the MLA and the ALA, providing auto lock and key services to motorists in Coventry, Rugby, Nuneaton, Bedworth, Kenilworth, Leamington, Stratford upon Avon and Warwick.
Media Contact
Rob Eyden
024 7699 7703
https://eydensautolocksmiths.co.uk/
Source published by Submit Press Release >> Experts at Eydens Auto Locksmiths Recommend Tips to Reduce the Cost of Car Insurance
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
XY MINERS LIVE: UK‑Regulated Cloud Mining Platform Launches Real‑Time Bitcoin & Dogecoin Mining — No Hardware Needed
South Road, Brighton, East Sussex, United Kingdom, June 10, 2025 (GLOBE NEWSWIRE) — New initiative makes passive crypto income accessible to everyone, with instant mining, daily earnings, and a $15 sign-up bonus Advertisement XY Miners, a UK-regulated cloud mining platform, today announced the launch of XY Miners LIVE, a groundbreaking service enabling users worldwide to mine Bitcoin (BTC) and Dogecoin (DOGE) in real time, without purchasing or managing hardware. With traditional savings yields slashed and market jitters on the rise, savvy investors are looking for low-risk, passive income avenues. XY Miners LIVE answers this need by offering fully automated, zero-equipment mining, powered by 100% green energy and built for both seasoned crypto veterans and newcomers alike. About XY Miners XY Miners is a compliant cloud mining platform headquartered in the UK, dedicated to providing safe, efficient and environmentally friendly cryptocurrency mining services to users around the world. Since its establishment, the platform has attracted more than 3 million registered users. Relying on renewable energy technologies, including hydropower, wind power and solar power, we have successfully built multiple zero-carbon mines, reducing mining costs while achieving the dual goals of environmental protection and profitability. Users do not need to buy mining machines or have a technical background, and can remotely start mining through the platform, and easily obtain daily income from popular currencies such as Bitcoin, Dogecoin, XRP, etc. How to mine Bitcoin with XY Miners? Sign up in less than a minute and get a $15 bonus（Click here Choose from a variety of mining plans based on different budgets and profit goals. Here are the profits you could potentially make. (The platform has launched a variety of stable income contracts, which can be viewed on the XY Miners official website.) your contract is active, the system begins mining for you instantly. Daily income is calculated every 24 hours, and you can withdraw or reinvest at any time. Conclusion: Start your passive income journey with XY Miners now In 2025, a crypto era full of challenges and opportunities, you can easily get daily income from Bitcoin and Dogecoin without expensive equipment, professional skills, or market fluctuations. XY Miners is becoming the preferred passive income tool for global investors with its advantages of zero threshold, high returns, and compliant operations. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
2 hours ago
- Yahoo
Growth in rental prices ‘cools to four-year low but low income tenants squeezed'
Rental prices have slowed to their lowest annual increase since the market was dealing with the impacts of the coronavirus pandemic, according to figures from a property website. Average UK rental prices for new lets in April were 2.8% higher than a year earlier, marking the lowest rate of rental inflation since July 2021, Zoopla said. The average monthly rent now stands at £1,287 per month, marking a £35 annual increase. Rental price inflation is now running at less than half the levels seen a year earlier, with a typical 6.4% annual increase in rental prices recorded in 2024. Despite the slowdown, average UK rental prices have still jumped by more than a fifth (21%) over the past three years, Zoopla said. The website noted a particularly big slowdown in rental prices in Yorkshire and the Humber compared with a year earlier, with annual rental inflation now put at 1.1%, down from 6.4% in 2024. This is due to slower rental growth in key university cities, such as Sheffield, Bradford and Leeds, the website said. In the North East of England, rental growth has slowed to 5.2%, down from 9.4% in 2024. In Scotland, the rate of annual rental price growth has slowed to 2.4%, with Dundee recording a 2.1% annual fall in rental prices, compared with a 5.8% increase in 2024. Rental growth in London stands at 1.5%, Zoopla said, with average rents at £2,175 per month. The slowdown in the rate of rental growth is a result of weaker rental demand and growing affordability pressures, rather than an increase in supply, the report suggested. Mortgage rate stability and improved access to mortgage finance for first-time-buyers, many of whom rented before buying a home, are also factors, it added. Despite weaker demand, renters are still facing a limited supply of homes for rent, Zoopla said. Richard Donnell, executive director of research at Zoopla said: 'Rents rising at their lowest level for four years will be welcome news for renters across the country. The average annual cost of renting is over £2,500 a year higher than three years ago, the same as the increase in average mortgage repayments for home owners. 'While demand for rented homes has been cooling, it remains well above pre-pandemic levels, sustaining continued competition for rented homes and a steady upward pressure on rents. 'The pressures are particularly acute for lower to middle incomes with little hope of buying a home and where moving home can trigger much higher rental costs.' Adam Jennings, head of lettings at Chestertons, said: 'To stay ahead of the competition, tenants are advised to start their property search as early as possible but also establish what they might be prepared to compromise on whether that's price, location or the size of the property.' Tom Bill, head of UK residential research at Knight Frank said: 'Rental value growth has cooled over the last year but upwards pressure remains thanks to tight supply. While some demand has transferred to the sales market as mortgage rates edge lower, a number of landlords have sold due to the tougher regulatory and tax landscape.' Greg Tsuman, managing director for lettings, Martyn Gerrard Estate Agents said: 'There is immense pressure in the rental market right now.' Angharad Trueman, president of Arla (Association of Residential Letting Agents) Propertymark, said: 'A significant number of landlords face increased costs across the board, from continuous legislative hurdles, tax hikes, and mortgage increases, many are struggling to break even on their costs.' Ben Twomey, chief executive at Generation Rent said: 'The price of new rents finally slowing will sadly not undo the enormous rent rises we have seen in recent years.' The Zoopla rental index tracks rents for new lets when homes become vacant.
Yahoo
2 hours ago
- Yahoo
Reeves to say spending review will reflect ‘priorities of working people'
Rachel Reeves will unveil her spending review on Wednesday, arguing that her priorities are 'the priorities of working people'. The Chancellor is expected to focus on 'Britain's renewal' as she sets out her spending plans for the coming years, with big increases for the NHS, defence and schools. Arguing that the Government is 'renewing Britain', she will acknowledge that 'too many people in too many parts of the country are yet to feel it'. She will say: 'This Government's task – my task – and the purpose of this spending review is to change that, to ensure that renewal is felt in people's everyday lives, their jobs, their communities.' Among the main announcements is expected to be a £30 billion increase in NHS funding, a rise of around 2.8% in real terms, along with an extra £4.5 billion for schools and a rise in defence spending to 2.5% of GDP. But Wednesday could present a tough prospect for other government as the Chancellor seeks to balance Labour's commitments on spending with her fiscal rules. The Institute for Fiscal Studies has already warned that any increase in NHS funding above 2.5% is likely to mean real-terms cuts for other departments, or further tax rises to come in the budget this autumn. This could mean a budgetary squeeze for areas such as local government, the justice system and the Home Office, despite reports that policing would receive an above-inflation settlement. The Chancellor has already insisted that her fiscal rules remain in place, along with Labour's manifesto commitment not to increase income tax, national insurance or VAT. She will say on Wednesday: 'I have made my choices. In place of chaos, I choose stability. In place of decline, I choose investment. In place of retreat, I choose national renewal. 'These are my choices. These are this Government's choices. These are the British people's choices.' Other announcements expected on Wednesday include £39 billion for social and affordable housing over the next decade as the Government aims to meet its target of building 1.5 million new homes by the next election. The Treasury said this would see annual investment in affordable housing rise to £4 billion by 2029/30, almost double the average of £2.3 billion between 2021 and 2026. The additional spending has been welcomed by homelessness charities, with Crisis calling it 'a determined political signal that housing really matters' and Shelter describing the move as 'a watershed moment in tackling the housing emergency'. The Chancellor has also already announced some £15.6 billion of spending on public transport in England's city regions, and £16.7 billion for nuclear power projects, the bulk of which will fund the new Sizewell C plant in Suffolk. There is also expected to be an extension of the £3 bus fare cap until March 2027 and an extra £445 million for upgrading Welsh railways. But one of the big losers from the spending review could be London, which is not expected to receive funding for any significant infrastructure projects or powers to introduce a tourist levy – both key requests from Mayor Sir Sadiq Khan.
