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?
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...Read More
Irish authorities place Quinn Insurance into administration
The Irish financial regulatory authorities have today placed Quinn Insurance Ltd, one of Ireland's largest insurance companies, into administration amid unclear matters which have come to light after an investigation of the company. However, the company, founded by one of Ireland's richest investors Sean Quinn, believes it could have corrected the mystery issues without being placed into administr...Read More
Have regulators gone overboard regarding PPI changes?
After the announcement of substantial changes in the sale of payment protection insurance (PPI) a number of financial advisers have come forward to suggest the government may have gone overboard. However, when you consider that at one point Barclays bank was alleged to be making 70p profit from every one pound of PPI it sold, the industry would appear to have little basis for appeal.
Government looking at raising national insurance
The UK government is rumoured to be looking at a potential rise in national insurance contributions to fund a guaranteed minimum level of care for the elderly in the UK. A Green Paper is to be released to the Houses of Parliament next week amid signs that politicians from all sides of the house are now gearing up for a general election. National insurance is one such tax which has crept higher and...Read More
Homeowners warned to consider Christmas fire risk
Homeowners have been urged to consider the potential danger for an accident when putting up Christmas lights on their home.While those who go overboard with Christmas lights and decorations will not have their home contents policy affected in any way, Halifax Home Insurance said, they do need to ensure that simple safety tips are followed in order to minimise the risk of fire.David Rochester, head...Read More