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?
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Zurich Insurance loses personal data for British customers
It has been revealed that ZÃ¼rich Insurance has lost a data tape which held the personal details of 51,000 of the company's British customers. The revelation comes more than a year after the tape was lost in transit from South Africa and there are concerns that the company, while admitting the error to the regulatory authorities some time ago, has not yet been in touch with customers to warn the...Read More
AA: Insurance premiums on the up
Car insurance premiums have risen by an average of £20 over the past three months, new AA data has shown.According to the firm's latest British Insurance Premium Index, young drivers have faced the sharpest rise in annual cover costs - and are now paying £45 more than they did in March.On average, car insurance premiums now cost £700 per year.Rises have also been registered for home buildings i...Read More
Is it time to revamp motor insurance?
A report by Cardiff University has today hit the headlines with a suggestion last over 200 lives a year could be saved, as well as 1700 fewer serious injuries, if young drivers between the ages of 17 and 19 are restricted from driving at night. There are also calls for younger drivers to be banned from carrying young passengers with statistics showing that males under the age of 21 are 10 times mo...Read More
Aon fined £5.25 million for compliance failures
The financial services authority (FSA) has today levied the largest fine ever on a UK insurance company with news that Aon has been fined £5.25 million for having insufficient internal controls to stop over $7 million worth of suspicious payments being made to overseas firms and individuals. It is not clear as to whether these payments were actually illegal or fraudulent but the fact that the int...Read More