New car accidents are costly

New Car Accidents are Costly
Nearly 10 per cent of all accidents over the last 12 months involved new 15 and 65-plate vehicles, according to a recent study.

Prangs

Accident prone buyers tended to prang their brand new pride and joy on the 57th day after the car was first registered, when averaged out. Putting those cars back on the road is estimated to have cost nearly £402 million in just 12 months.

Stats

In fact, 32 per cent of all 15 and 65-plate accidents happened within just two months of ownership. The crash statistics recorded by Accident Exchange occurred between March 2015 and the end of February 2016. With an estimated 2.2 million accidents – minor and serious – occurring annually, that implicates 196,000 2015-plate vehicles. The average cost of accident repairs is £2,050, meaning all 15 and 65-plate crashes cost drivers and insurers £402 million.

Big deal

Scott Hamilton-Cooper, director of operations at Accident Exchange, said: “Any accident is a traumatic and emotional experience for the driver and passengers, but this increases for those driving brand new vehicles usually costing a lot of money.

“Buying a new car is a big deal; the old adage that it’s the second largest purchase most people will make after a home still rings true.

“Whenever a driver reports a crash to us, we make sure they are back on the road as swiftly as possible and that their vehicle is repaired according to strict manufacturer approved guidelines. The vehicle should always be returned to factory finish condition for safety reasons and because it is someone’s pride and joy.”

The study examined 35,800 incidents between February 2015 and January 2016.