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Insurance Companies Are Writing Off Cars Faster Than Ever After Accidents

Carscoops

Insurance companies are quickly writing off cars due to rising repair and tech costs. It’s making the cars we love harder to repair, and in some cases, downright totaled after a fender-bender. Let’s take a look at the cogs leading to higher insurance premiums than ever before. The real reason? The downside?

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Guess How Much It Costs To Repair This Rivian R1T

Carscoops

A Rivian owner received a massive repair bill after bumping into a parking garage pillar. EV repair costs are often higher due to complex designs, limited service centers, and parts. It’s no secret that EVs can rack up higher repair bills than their gas-powered counterparts. The damage?

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Omoda and Jaecoo strive to solve aftersales issues

Autocar

Chery duo Jaecoo and Omoda will work with UK industry body to improve security, ease of repair Chinese newcomers Omoda and Jaecoo have teamed up with a leading insurer-backed organisation in a bid to avoid the aftersales issues that have plagued insurers and customers since their compatriots started entering the UK market.

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Can dealers sell repairable write-offs?

Drive.com

Despite being legally obligated to disclose if a vehicle is a repairable write-off, some used car dealers aren’t abiding by the rules. However, the vastness of the second-hand industry can lead some buyers to unknowingly purchase a repairable write-off vehicle. But what type of car qualifies as a repairable write-off?

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Smart Repairs expands mobile business into Ireland

Motor Trader

Smart Repairs is aiming to increase turnover by 10% this year to hit 12m as it expands it business into the Republic of Ireland. Smart Repairs was established in 1995 by Dan Besau. Managing director Darryl Short attributed this growth to sustained efforts over the past six years to disrupt the fragmented cosmetic vehicle repair sector.

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Media post: Car Insurance Prices Set to Rise in 2025: What You Need to Know

Best Selling Cars Blog

Car insurance premiums are expected to increase significantly in 2025, with experts projecting a rise of 7-10% on average. – Advanced Vehicle Technology : Modern cars are equipped with sophisticated technology, making repairs more expensive. This is due to the potentially higher medical costs and increased risk of lawsuits.

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Motability takes £565 million blow as costs soar

Autocar

The package includes road tax, servicing, insurance, breakdown cover, and tyre and windscreen repair. The company, which is owned by four major banks including Barclays and HSBC, blamed rises in the cost of servicing, insurance and new cars, including EVs.