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Revealed: the most expensive areas for car insurance

A study by AA Insurance has found that drivers in London are paying the most for their car insurance – with the average premium costing a whopping £922.44. And – despite a recent fall in car insurance premiums – the average cost could soon increase, with some areas already noticing insurance getting more expensive. Top 25 new cars that are cheap to insure Cheapest cars to insure for 17-18 year olds The AA found that car insurance is the most expensive in London, followed by the IG postal area (including Ilford, Barking and Chigwell), with an average premium of £912.07.

'Need for Speed' custom Ford Mustang sells for $300,000

The customized Ford Mustang from "Need for Speed" recently sold for big bucks at Barrett-Jackson, to the tune of $300,000. It may seem like a lot for a Mustang with a body kit in a movie that isn't going to win any awards. But the money went to a good cause -- it supports the Edith and Benson Ford Heart & Vascular Institute.

Automotive X Prize teams begin performance testing in Michigan

The 28 teams competing in the Progressive Insurance Automotive X Prize will begin performance testing this week at Michigan International Speedway in Brooklyn, Mich. The teams are vying for $10 million in prizes, which will be awarded to consumer-friendly vehicles that exceed 100 mpg. This week begins the first of the three on-track performance testing stages: shakedown, knockout qualifying and finals.