Average car repair costs continue to rise in the first half 2019 to a weighted average of £1,919, from £1,845 per repair recorded in 2018 – according to data from the UK’s most comprehensive report on the UK Car Body Repair Market. This represents a 4% overall increase in insurance related accident repair expenditure, for all makes/models of cars, for the first half of the year.
Looking at the longer term average repair cost trend for cars, the overall average cost repair has risen quite significantly; from a weighted average of £1366 in 2013 to £1919 for the first half of 2019 (a 40.5%, or £553, increase over the period).
Insurers see 400% increase in insurance claim capture rates and up to 25% cost savings per claim thanks to new smartphone tool!
TEC Reports Group’s Image Assist smartphone tool gives vehicle owners easy to follow on-screen instructions that in most cases give the TEC’s vehicle engineers all the detail they need to make an quick and accurate accident damage assessment.
One prominent user company is recording exceptionally high success rates, with a 400% increase in claims capture take-up and an average saving of £2,864 per claim. TEC Group CEO Charles Griffin comments that the Image Assist software is delivering impressive results, “beyond even our most optimistic expectations with insurers seeing significant reductions in accident claim costs whilst giving their customers peace of mind. It allows prompt economic, non-physical inspection of damaged vehicles to be carried out with easy, early identification of vehicles that need physical inspection plus prompt negotiation and agreement of settlement”