To highlight the new insurance write-off categories coming into effect on 1 October, used vehicle checker mycarcheck.com has revealed the UK’s top five write-off hotspots.
Following a consultation involving insurers, car makers, the police and the salvage industry, the A, B, C and D write-off categories will be replaced with new codes: A (scrap), B (break), S (structurally damaged repairable) and N (non-structurally damaged repairable).
[See table in attached Word doc]
Mark Bailey, Head of CDL Vehicle Information Systems, which owns My Car Check, said: “Some parts of the country are much worse than others when it comes to write-offs, with London particularly renowned for it. On average, over 18% of vehicles we check are listed as having been involved in a crash, around one in every five. For Morden, in the first half of this year, the risk of buying a write-off was more like one in three.
“Used car buyers should note that, from October, the new S and N categories will reflect the severity of accident damage, whereas the old C and D categories focused on the cost of repair. This is vital information, particularly regarding category S, because the consequences of being involved in a further smash in a car that hasn’t been properly structurally repaired could be horrific. As before, category A and B write-offs should never return to the road.
“Leaving the safety aspect aside, there’s the impact on desirability and value. A category N write-off which has had cosmetic damage repaired should still cost substantially less than a similar vehicle with clear history. In a survey a couple of years ago, 79% of mycarcheck customers said they wouldn’t buy a write-off. That’s why it’s so important to check before you buy.”
With information from the police, DVLA, insurers and finance houses, mycarcheck.com holds comprehensive data on every vehicle on UK roads – things that buyers should be aware of before making an offer.
CDL performs over a million look-ups a day for companies including AutoExpress, CompareTheMarket, Go-Compare, Moneysupermarket, Swiftcover and Tesco.