Car insurance trips to bring down driving costs
With the recent rise in the price of petrol keeping the cost of driving high, motorists have been advised to look for savings elsewhere, with a review of their car insurance policies likely to save them money.According to a survey undertaken by American Express, just 57 per cent of drivers have shopped around to find the best car insurance deal, despite the fact that one in five claimed that rising costs have forced them to alter their driving habits.The most effective way of saving money is to research and compare policies and to choose the insurance package appropriate to the car's use, while sensible precautions such as fitting a security system and avoiding getting penalty points are also likely to save drivers money."The cost of motoring seems to rise year on year and whilst there is little motorists can do to cut the cost of fuel or road tax, insurance is one area where real savings can be made," said Joanne Field, marketing manager for American Express Motor Insurance.The comments come as the insurance firm Zurich revealed that, with the average motorist spending £1,176 on tax, fuel, parking and maintenance, increasing numbers are putting themselves and others at risk by choosing not to pay for their car insurance.
Share this..
Related stories
No-claims analysis released by Sainsbury's
No-claims bonuses on home insurance policies should be made less confusing for the customer, a provider has said.Sainsbury's Finance has released new analysis, showing that around 75 per cent of such policies do not provide details on how the discounts work.Further, the provider said that eight per cent of the policies charge an extra penalty on those customers who make a claim during their discou...
Read More24 European Banks fail financial health test
27/10/2014 A total of 24 European Banks have failed a financial health check, which was carried out by the European Banking Authority (EBA). The test measured the financial strength of 123 European Banks, as of December 2013. However, some of the banks have taken action to raise extra capital since then. Nine of the 24 banks that failed the test were Italian, with Monte dei Paschi being t...
Read MoreWaitrose calls time on online delivery charges
The online arena may well be entering a serious shakeup with news that Waitrose has ended delivery charges with regards to its online operations. This is sure to place pressure on Tesco's and Sainsbury's to follow suit and could lead to a substantial price war in the sector.
While Waitrose has been a part of the online sector for some time, the perception of the company is as a high...
How low can the UK property market go?
The UK property market has been under pressure for some time and opinions amongst experts are very mixed with regards to the direction in 2009. While many are hopeful of a stabilisation in the market there are others suggesting that 2009 could actually be worse than 2008. However, the majority of parties with an interest in the property market are of the opinion that until bank lending is resurrec...
Read MoreLloyds Bank fails to agree toxic asset insurance deal
It has today been revealed that Lloyds Bank is no nearer an agreement with the UK authorities with regards to its toxic assets from the combined Lloyds Bank and HBOS group. While the amount of toxic assets in question is less than half of that which has already been agreed with the Royal Bank of Scotland there appears to be some problem on the side of the UK authorities. There is speculation that...
Read More