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?
Tesco looks to expand financial division
Tesco Bank has this week confirmed a deal with insurance giant Fortis UK which will see Tesco travel insurance transacted through the Fortis UK network. It is believed that the travel operation of Tesco Bank has around 170,000 customers each year with gross premiums estimated at around £59 million. It is unclear what kind of profit each party will take from the agreement but this would appear to...Read More
Don't automatically renew your travel insurance
Many people across the UK automatically renew their home insurance, car insurance and travel insurance for example without ever considering the consequences. Aside from the fact that many do not even consider looking around for better rate, what is the point of renewing your travel insurance if you do not have a holiday booked this year or next?
While it may sound crazy to the vast...
Your Guide to Life Insurance
Choosing and applying for life insurance can be a confusing process. Unlike most other insurance policies, many people go into the application process unaware of what they are actually looking for, and how to get what they want. At financialAdvice.co.uk, we can help you to find the right policy, and provide you with all the information you need to complete the application process, putting th...Read More
Life insurance fraud 'very low'
It has been suggested that instances of life insurance fraud are rare in the UK because the industry takes strong measures to prevent fraudulent claims being made.The recent media furore surrounding the case of John and Anne Darwin, who have been arrested in relation to potential life insurance fraud, has ignited interest in the sector's efforts to prevent people from fraudulently claiming on thei...Read More
The £500 million hidden car insurance cost
A report by comparethemarket.com has suggested that the UK drivers are being charged in excess of £500 million a year extra, just to cover the cost of those driving with no insurance. The figure works out at an extra £31 for the average cost of car insurance in the UK, something which law abiding citizens are some how forced to cover. But why?
As the figure is brought into the p...