AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
The True Cost Of Climate Change
While we have been subjected to yet more Green propaganda in the UK press over the last few weeks, what is the real cost of going Green? Why are we being primed for a large increase in energy prices when Green is seen as the long term solution?
Over the last few weeks the press has been full of suggestions for ways that we can save energy, more and more government policies and even...
Plastic £5 notes to be introduced from 2015
23/05/2014 Plastic £5 bank notes will be in use in Great Britain as early as next year when 2 million bank notes are issued by Clydesdale Bank branches. However, only Scottish bank notes will be introduced in 2015, with the Bank of England expected to introduce plastic notes into general circulation by 2016. The Scottish banknote will feature the Forth Bridge on its 125th anniversary as...Read More
Cold Weather Plan may help save you money on bills
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Co-operative Bank turns down £100 million of unethical business
In a sign of the times, the Co-operative Bank has today confirmed that last year it turned down the opportunity to invest in 20 financial arrangements which breached the company's ethical guidelines. The company has a number of these ethical guidelines in relation to human rights, the arms trade and the environment. It is unclear exactly what opportunities were turned down but the very fact they w...Read More
Northern Ireland car insurance under investigation
A report by the Consumer Council has confirmed the shocking find that car insurance in Northern Ireland is costing consumers in excess of £136 million a year more than any other area of the UK. On average it is estimated that an extra £300 a year is added to annual cover premiums with more and more of the population now unable to afford insurance.
Surprisingly, the hardest hit are...