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?
Perilous pooches uninsurable?
Pet owners who have a pit bull may find it very difficult to obtain a pet insurance policy, as many large insurance companies are now refusing to provide cover for 'dangerous dogs'.Both Tesco and Churchill are among companies that will not offer pet insurance to any breeds listed under the Dangerous Dogs Act.A spokesperson for Churchill Pet Insurance said: "Certain dog breeds which are considered...Read More
Should Aviva have mentioned the RSA approach?
The management of Aviva is this weekend under immense pressure from leading shareholders over the non-disclosure of an approach by RSA and a potential £5 billion offer for the company's general insurance business. Many believe that this highly sensitive piece of information should have been released into the public domain instead of being brought to the attention of the market by the financial pr...Read More
Brit drivers over-rely on hearsay, car insurer warns
Britons who rely on received wisdom and hearsay about motor insurance cover rather than studying the small print of their policies are risking a severe financial hit, according to a car insurance provider. In a study conducted by swiftcover.com, 36 per cent of respondents assumed they would be covered in the event of a crash when they were behind the wheel of their partners or friend's car. In fac...Read More
Insurers to discuss flood claims with ministers
Insurance industry representatives will today meet with ministers to determine how best to deal with the high volume of claims resulting from the recent widespread flooding in England and Wales.The talks come after the Association of British Insurers (ABI) warned that the estimated cost of addressing damage caused by the floods has increased to around £1.5 billion. It is now thought that some 27...Read More
Mergers and acquisitions expected in the UK insurance sector
Over the last few days the ongoing dispute between Aviva and the RSA has dominated the headlines and many people believe that the insurance industry is very much primed for a number of mergers and acquisitions in the short to medium term. Royal Bank of Scotland is already under pressure from the European Union to dispose of its Direct Line and Churchill insurance operations in the short to medium...Read More