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?
Aviva setback as further legal challenges materialise
Insurance giant Aviva has received a setback in its three-year battle to pay out orphan funds to shareholders, policyholders and the company itself. The original £1 billion offer from a £4.2 billion fund has since been reduced to £500 million after the fund in question fell in value to just over £1 billion. However, last week saw what many believe was the final ruling in this ongoing saga but...Read More
Why did it take so long to sort out Equitable Life compensation?
Yesterday's news that the UK government is on the verge of announcing a £1.5 billion compensation package for those who lost money in the Equitable Life collapse has taken 13 years to come through. It is believed that £1 billion will be made available immediately with a further £500 million put aside to cover those who lost money on with-profits investment. But why has it taken 13 years for t...Read More
EU Gender Directive: Have you heard about it?
What is the EU Gender Directive? The EU Gender Directive relates to a ruling across the EU for equal treatment between men and women, which means that providers will no longer be able to price insurance and annuities on the basis of gender. When does the EU Gender Directive come into place? The EU Gender Directive comes into force as of Friday 21st December 2012, from there onwards provid...Read More
Legal & General warns over allowing staff into homes
Allowing home help such as cleaners, gardeners and odd job men, into your house can pose a significant risk to security, a home insurance company has warned. Legal & General's survey of UK spending habits found that among the 41 per cent UK households which employ help, some 17 per cent use a cleaner. Meanwhile, seven per cent pay someone to help with their ironing, while 17 per cent delegate thei...Read More
Sickness benefit for the self-employed
As more and more people in the UK look to work online and potentially work for themselves from home we have seen an increase in the number of sole traders and small business operations. However, while there are many benefits to working for yourself and working from home there are also a number of potential pitfalls that you need to be aware. Sickness benefit is an area which is often left unexplor...Read More