Why shopping around for your car insurance is vital!
As we covered in one of our recent articles on motor insurance, the AA reported a 7.2% increase in average car insurance premiums in the final quarter of 2009. However, the annual increase in car insurance premiums is well into double digits and there is serious concern that motorists will be hit with higher and higher premiums in the short to medium term.
Many of us will have been with the same car insurance company for a number of years and ultimately there are thousands in the UK who will never have looked around. However, there are many comparison websites available which will indicate any potential savings you could make by taking your car insurance elsewhere. Even if your current insurance company turns out to be the most cost-effective for your situation then surely a quick look around the comparison websites will do you no harm?
The truth is that developments in the online arena now make it easier than ever before to check out a whole raft of different car insurance companies using one simple form. Gone are the days when individual e-mails and individual forms had to be completed, and in many cases you will have a summary of estimated car insurance premiums from different providers within a matter of seconds. Many people have made savings into the hundreds of pounds simply by looking around, so what do you have to lose?
Payment Protection Insurance Plans Under Fire
In a move which many believe will see the end of the Payment Protection Insurance (PPI) sector the Competition Commission has indicated a number of possible changes which will give power back to the consumer. The changes involve forcing retailers to advise clients that they can buy their PPI cover elsewhere, price caps and annual subscriptions which need to be agreed by the consumer.
Unlike most other types of insurance, drivers in the UK are required by law to possess car insurance that covers them for the car they are driving. The Road Traffic Act 1988 says that you must have some kind of insurance or protection against liability to third parties in the event that personal injury is inflicted upon them, or that their property is damaged, as a result of your use of the road....Read More
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 risin...Read More
Christmas comes early for some Norwich Union customers
UK insurance giant Norwich Union has this evening confirmed plans to return up to £40 million of unclaimed life and pension policy assets to over 40,000 customers. The move has received widespread approval as some of these unclaimed policies date back to the 1950s. The company is currently handing back over £1 million a month to customers who have either changed address or disappeared off the ra...Read More
Eight million suffer from 'crashback'
Up to eight million British drivers could be suffering from a post-car accident condition known as 'crashback'.New research says two in five motorists endure the "serious" affliction, which can lead to a "loss of confidence, nightmares about their accident and panic attacks even when they're not driving".Insurance provider More Than, which produced today's survey, claims that 170,000 people take s...Read More