Is it time to review your car insurance?
If there is one area of the insurance market which continues to attract the wrath of UK consumers it has to be the car insurance sector. This is an area of the insurance market where premiums constantly seem to go higher and higher with legally insured drivers also paying the price, and the cost, of those who drive on the UK roads without insurance. So is it time to review your car insurance?
Many people do not realise but there is the potential to reduce your car insurance premiums simply by either increasing the excess or taking out an insurance policy which best suits your driving habits and your driving requirements. For example, if you drive less than 5,000 miles a year then you may well be able to have this written into your policy with reduced premiums. There are other areas which you can review which include the safe parking of your vehicle, the introduction of a car alarm and other similar measures which will reduce the risk to your insurance company and therefore, in theory, reduce your premiums.
Those who remain with the same insurance company year after year after year are potentially paying over the odds for what they actually require.
Motor insurance industry branded ‘dysfunctional’
The office of Fair Trading has moved to call the motor insurance industry dysfunctional, and has requested the Competition Commission investigate why people end up paying so much for insurance. The cost of insurance has been on the rise for years now, and it is though it could have risen by as much as 20% over the last three years alone. The industry has justified this by pinning much of th...Read More
Car insurance is cheaper online!
Hands up how many of us have never changed our car insurance company for years, or never even reviewed the potential premiums charged by other insurance companies.
If you're one of a growing band of people in the UK who are more than happy to stay with their current car insurance company without checking the competition then you could literally be losing out on hundreds of pounds of...
Drivers lie over claims to insurance companies
Millions of British motorists would lie to insurance providers to avoid jeopardising their claim, a new survey suggests.The study by Moneysupermarket found that 2.5 million drivers in the UK would bend the truth to ensure they received a payout.When asked what they would do if they had failed to lock their car properly leading to it being stolen, 26 per cent of motorists said they would resist tel...Read More
Critical illness insurance 'is better financially' than life insurance
Critical illness cover represents a better financial solution than life insurance policies, it has been claimed. According to Dr Marius Bernard, the South African surgeon, a critical illness policy, which provides a lump sum payment in the event of your becoming seriously ill, is more practical given advances in medicine.Moreover, with life expectancy having increased, coupled with doctors' abilit...Read More
Women better behind the wheel
Nearly a third of men think that they are better drivers than women, despite both insurance statistics and scientific studies proving the opposite.In a survey of 4,000 British drivers, yesinsurance.co.uk reveals that 31 per cent of men believe they are better behind the wheel than women, with only five per cent of women believing this fallacy.Twenty-three per cent of men acknowledged that women we...Read More