UK motor insurance premiums increase yet again
The AA insurance has today commented upon the state of the UK motor insurance market with a suggestion that the average comprehensive motor insurance policy is now costing in excess of £1000 a year. This is an increase of around 20% on the 2008 figure and is predominantly because of fraudulent claims and the damage caused by uninsured drivers in the UK.
All in all it is believed that UK motorists will face an additional £2.1 billion in insurance costs this year alone purely and simply because of these fraudulent claims and uninsured drivers. Despite the fact that the recession is still impacting upon many people around the UK, and indeed some people are considering downgrading or even cancelling their car insurance, the cost of insuring your vehicle continues to climb higher and higher.
In what is certain to become something of a vicious circle, a 20% increase in motor insurance premiums will almost certainly see more people taking the risk of driving uninsured which will yet again feed into the cost of insurance premiums in the future. Quite why perfectly legal and insured drivers have to pick up the bill for those who have decided not to take out insurance, which is illegal, continues to remain a mystery to many in the UK.
Provide private medical insurance, ABI tells employers
The Association of British Insurers has advised employers in the UK to provide private medical insurance for their workers, detailing the benefits of making such a provision.Spokesman Jonathon French has highlighted the advantages of securing private policies for employees in the case of injury or sickness.He said: "It's certainly something which many companies consider a good thing for the sake o...Read More
Halifax issues warning after Met Office predicts storms
Britain is bracing itself for storms over the next 24 hours, in which an estimated 50mm of rain will fall.The south west and north east of England, along with Wales, are expected to be worst-affected by the extreme weather, according to Met Office forecasts.So bad is the forecast that Halifax Home Insurance issued a warning today, recommending that homeowners take steps to protect their properties...Read More
Hated hand-me downs worth £50 million
Brits are hoarding hated hand-me-downs and inherited items worth a whopping £50 million, according to home insurance provider Abbey.Some 12 per cent of people admit to living in homes cluttered up by inherited items, with the average person owning 12 such items, worth an estimated £9,466 per person.Over half (53 per cent) hide the heirlooms around the house, while one-in-five (20 per cent) sell...Read More
Conservative Party's national insurance claims thrown into doubt
A report by economists working for the shadow Chancellor George Osborne in 2007 has cast doubt on Conservative Party accusations regarding an increase in national insurance and the impact this would have on the employment market. The Conservatives are claiming that a 1% increase in national insurance would lead to 57,000 job losses in the UK although using the formula from the 2007 report this cou...Read More
Could you handle a large vet bill?
While the UK has for many years been a country of pet lovers, could you handle a significant vet bill in the event that your pet needed treatment?
This is a question which many pet owners in the UK should be asking themselves and whether in fact they should be considering pet insurance plans. As with so many other areas of our financial lives it can often be easiest to ignore a pote...