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Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.

Hagerty contest seeks America's sweetest lemon for Concours d'LeMons

Our friends at Hagerty Insurance will be taking online submissions for a contest seeking America's best off-the-wall car. The “Sweetest LeMon” gets a free trip to the 2011 Concours d'LeMons. In contrast to the prestigious events and careful selections for the Monterey Classic Car Week, the third-annual LeMons event spotlights quirky and unusual cars chosen on a whim.

Baby Jag Gets A Name

LUXURY car maker Jaguar has released a teaser picture of its next new model, in advance of a full reveal later this year. Positioned below the firm's mid-size XF, the new XE is expected to do battle with the likes of BMW's 3 Series, Audi's A4 and Mercedes' C-Class. Industry experts are predicting a sub £30,000 entry price for the XE, which will be powered by a new range of Jaguar designed and built engines.