The accident happened on the A396 just south of Cove near to Bickleigh Wood late this afternoon. One vehicle appears to have left the road and dropped approximately 40 feet down a steep bank into trees.
The male driver has been pronounced dead at the scene. Police are appealing for witnesses to contact them.
It's a tradition that goes back three quarters of a millennium. The Charter Fair in Bampton, on the edge of Exmoor takes place on the last Thursday of October without fail. Bob Cruwys has been to find the secret of its success.
Emergency services were called to Bampton this afternoon after flash floods hit the area.
Fire engines were used to pump out a number of homes and the local supermarket.
The Environment Agency has issued a flood warning for the area.