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 has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
LGA warns of significant risk of flooding for UK homes
The Local Government Association (LGA) has issued a warning to the UK government with regards to the risk of potential flooding for up to 50,000 homes across the UK. The LGA is deeply concerned that the situation which arose in 2007 could arise again as no progress has been made on promised changes. The problem back in 2007 related to surface water as much as direct rainfall with a number of drain...Read More
Small business insurance costs set to rise
Just when those in the small-business market thought it could not get any worse the indications from the insurance market are for a sharp increase in premiums this year and next year. At a time when business has never been as bad, income for many has disintegrated and the financial woes of trading in a recession are catching up, an increase in insurance premiums will be the final straw.
Have you considered pet insurance for your four-legged friend?
The UK has long been renowned as a pet loving nation and while pet insurance has increased in popularity over the years, there are still a significant number of pet owners who have not even considered let alone taken out pet insurance. Anybody who has taken their pet to the vet over the last few years would have seen a substantial increase in general veterinary care costs but what about specific o...Read More
Travel insurance urged for skiers
People heading off on skiing holidays have been urged to take a moment to think about their travel insurance requirements.InsureandGo has warned travellers that they should ensure they have adequate travel insurance policies in place when heading to the slopes this winter.Spokesman Perry Wilson also warned skiers to make sure that they take proper precautions when on piste this winter and do not d...Read More
Top five tips for cutting life insurance premiums
With life insurance premiums at their lowest level in years, now is good time to buy, and protection specialists LifeSearch has published its top five tips to help cut the cost of life cover even further.Number one - shop around, an independent adviser can search the whole market, as opposed to tied agents who might only be able to sell a limited product range or expensive products from banks and...Read More