Why shopping around for your car insurance is vital!
As we covered in one of our recent articles on motor insurance, the AA reported a 7.2% increase in average car insurance premiums in the final quarter of 2009. However, the annual increase in car insurance premiums is well into double digits and there is serious concern that motorists will be hit with higher and higher premiums in the short to medium term.
Many of us will have been with the same car insurance company for a number of years and ultimately there are thousands in the UK who will never have looked around. However, there are many comparison websites available which will indicate any potential savings you could make by taking your car insurance elsewhere. Even if your current insurance company turns out to be the most cost-effective for your situation then surely a quick look around the comparison websites will do you no harm?
The truth is that developments in the online arena now make it easier than ever before to check out a whole raft of different car insurance companies using one simple form. Gone are the days when individual e-mails and individual forms had to be completed, and in many cases you will have a summary of estimated car insurance premiums from different providers within a matter of seconds. Many people have made savings into the hundreds of pounds simply by looking around, so what do you have to lose?
Unlike most other types of insurance, drivers in the UK are required by law to possess car insurance that covers them for the car they are driving. The Road Traffic Act 1988 says that you must have some kind of insurance or protection against liability to third parties in the event that personal injury is inflicted upon them, or that their property is damaged, as a result of your use of the road....Read More
Income Protection Insurance-only Comparison Site Launches
The first site dedicated purely to the comparison of income protection insurance policies has been founded, giving consumers a specific and informative insight into the products available and why they are most suited to them. Incomeprotectinsurance.co.uk focuses on being professional and giving consumers all the information, and the wide range of income protection products they need, in order...Read More
Hedge Fund Launches Collapse
Once the darling of the new age investment era, it seems that the investor love affair with hedge funds may be taking a break. It has been revealed that there were fewer hedge funds launched in the first quarter of 2008 than at any other time over the last eight years. The sector has also seen a substantial rise in the number of hedge fund being liquidated, a sign that investors are pulling thei...Read More
What is happening with the asset protection scheme?
Each day brings new rumours regarding Royal Bank of Scotland and Lloyds bank and the company's involvement in the UK government's asset protection scheme. First we hear that both companies are very keen to become involved and then we hear they're looking to backtrack and either reduce their exposure or leave the scheme altogether. So what exactly is going on?
When the UK government...
Devastating floods could cost insurance industry over £100 million
The devastating floods in Cumbria and South Scotland could cost the UK insurance industry in excess of £100 million although this figure could rise significantly because the flooding has yet to subside. We have literally seen homes washed away in the flood water, vehicles left battered on the road site and indeed we have seen the unfortunate sight of casualties and fatalities during the floods....Read More