The £400 million cost of crashing your brand new car within a year

Volkswagen new car dealer

New research has revealed 196,000 people crashed a 15-plate or 65-plate car in the past year, resulting in a whopping £400 million of repairs.

Even more heartbreaking, the most common time to crash a brand new car is just 57 days after taking delivery, reveals the research by Accident Exchange: 32% of people will have an accident in the first two months of ownership.

And because they’re brand new cars, putting them back to as-new condition doesn’t come cheap. The average cost of these crashes is £2,050, meaning the total cost to the insurance industry (and thus to motorists) is £402 million.

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.

“The vehicle should always be returned to factory finish condition for safety reasons and because it is someone’s pride and joy.”

Clearly though, the very fact someone’s brand new car has been sullied by an accident is too much for some. Accident Exchange data also reveals that nearly two in three motorists involved in a crash will go on to swap it for another new car within six months…

Managing Director at @editorial_mr. Runs a bit. Loves the motor industry.

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