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.
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Homeowners in line for £60 million PPI mortgage insurance refund
The Financial Services Authority (FSA) has today announced a new initiative which will see mortgage companies pay back up to £60 million to consumers who are being impacted by changes in mortgage PPI schemes. It was revealed that a number of companies have in fact increased the premiums associated with mortgage PPI arrangements while at the same time reducing the cover available as they became mo...Read More
Legal action launched over air passenger duty
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Prudential Directors Cancel Orphan Fund Payments
Just a few months ago it was suggested that the Prudential was looking at the possibility of authorising a one-off payment to policy holders in exchange for giving up their future rights to the company’s so called orphan assets. There were rumours that the payment would have been several hundred pounds for each of the company’s 4.5 million policyholders, but the company has decided no...Read More