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?
Norwich Union Starts To Hand Back Orphan Assets
The issue of so called insurance orphan assets has long been a major problem for the insurance industry, who owns them and what can legal be done with them. In a deal which has taken two years to negotiate, CGNU has announced that more than one million policyholders will receive compensation of between £400 and 1,000 to forego any right to future bonuses and payments from the orphan assets.
Do parents really need life insurance?
As the economic environment has changed in the UK, for the worse, more and more people are now looking at ways to reduce their outgoings and consolidate their financial position. One area of interest is the insurance market with many parents considering whether they actually need life insurance. So do parents really need life insurance? Life insurance is one of those financial products which yo...Read More
It is time to look at cut price health insurance?
As more and more health insurance policyholders learn of increasing premiums this year there is a feeling that the sector could go quiet in the short to medium term. However, while many in the UK are struggling to survive on a day-to-day basis there are significant concerns that health insurance could be a short-term victim of ever tighter budgets. But is there an alternative?
Tell your insurer before making home bio diesel, firm warns
Making bio diesel at home can be dangerous - and might invalidate home insurance claims if an accident occurs.Defaqto said today that mixing cooking oil with ethanol and caustic soda, a common method of making the fuel, was becoming increasingly common among householders as they battled to counteract price rises at the pump.The firm made the comments following the widely-reported case of a Northam...Read More
New ash tax announced for UK travellers
There is anger today amongst UK travellers with news that British insurer Aviva will be adding £10 to the cost of travel insurance from 1 July in order to cover any costs associated with disruption caused by the ash cloud. The £10 additional cost relates to annual insurance cover for any individual although those booking single trip insurance will only be charged an additional £5. There has...Read More