Simple ways to cut your car insurance
There is no doubt that all drivers in the UK dread their renewal date for car insurance as premiums continue to move higher and higher. However, there are a number of simple ways to reduce your car insurance premiums to a level which reflects your risk and your annual mileage.
One of the best ways to reduce your car insurance premiums is to limit the mileage which you clock up each and every year. The more miles you travel each year, the longer your time on the road and obviously the more chance of an accident - reducing your mileage will immediately reduce your car insurance premiums. Using your garage overnight will also reduce the risk of theft and damage to your vehicle and obviously have an impact on your car insurance premiums. A higher excess is something which many people tend to avoid but if you are a careful driver this can have a marked impact upon your premiums.
However, one of the simplest ways to reduce your car insurance premiums is to pay the full insurance cover in one foul swoop on an annual basis. Many people do not realise the significant increase in their car insurance premiums purely and simply because of the fact they pay monthly. If you look at the small print of your insurance policy you would probably be astounded by the difference between monthly premiums and one annual premium. Each of the above suggestions will shave a little off your car insurance premiums and place more money in your pocket.
Homeowners can reduce home insurance premiums, says ABI
There are plenty of proactive steps homeowners can take to cut their home insurance premium, according to Jonathan French, assistant director of media relations at the Association of British Insurers (ABI).ABI figures show that the UK insurance industry paid out £64 million per day in 2006 in general insurance claims, including £9 million to householders for property damage or the loss of posses...Read More
Will the UK banking sector ever recover?
The ongoing demise of the UK banking sector, with Royal Bank of Scotland, Lloyds bank, Northern Rock and Bradford & Bingley all in some way heavily dependent on the UK government, has cast a very dark cloud over the UK economy. As we mentioned in some of our other articles there is concern within the investment industry and indeed the Standard & Poor's credit rating agency is very downbeat on the...Read More
Small Savings are Big Savings
There are a multitude of ways to make small savings that over the course of the month can add up to significant amounts. These small savings can in many cases literally be the difference between slipping further into debt and slowly digging yourself out of a financial crisis.
Here are a few very simple ideas for saving small amounts of cash that can accumulate into considerable sav...
Rate cut before Christmas looks unlikely, says Charcol
A rate cut before Christmas is looking unlikely, according to independent mortgage advisors, John Charcol.The minutes from the last meeting of the Monetary Policy Committee (MPC) show that, despite calls from many different quarters for an immediate cut in interest rates, the majority of committee members thought that the time was not yet ripe for a cut.Members ruled that it was best to wait and s...Read More
UK Banks win right of appeal regarding charges
The ongoing debacle which has seen UK banks taken to court by the Office of Fair Trading, with regards to overcharges, appears set to go on for some time yet after the banks were granted the right of appeal to the House of Lords. They are looking to appeal against a recent decision which effectively confirmed that the charges could be subject to "unfair contractual terms" laws. This had been seen...Read More