AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
Is insurance a necessity or an option?
As the UK consumer continues to be squeezed from all sides many people are looking at their insurance policies and investigating if any money can be saved in this area. However, insurance is something which offers a very valuable backdrop in the event of unforeseen circumstances and savings in this area can actually be counter-productive in the longer term. While car insurance is legally required...Read More
Disabled holidaymakers advised to check travel insurance
Disabled holidaymakers have been advised to check their travel insurance to make sure it covers key areas. Brian Seaman, head of consultancy at Tourism for All, said individuals with a disability should ensure they have enough medication with them to last the trip and to check any accommodation they plan to stay in has sufficient facilities to cover their needs. He noted: "You may need to ask a fe...Read More
Two million offered credit card insurance compensation
27/01/2015 Two million customers will be offered compensation from their banks for being sold insurance policies they didn’t need, covering the loss or theft of their bank cards. Banks and credit card issuers have been told by the Financial Conduct Authority (FCA) that they must send a letter to customers who were affected, asking them if they would like compensation. These letters will b...Read More
Wedding insurance can save the big day
With the cost of an average wedding having risen by around £2,000 a year in recent times to reach£20,000 in 2006, Marks & Spencer Money has said that wedding insurance is important should something threaten to ruin your big day.Liz Neild, media relations manager for Marks & Spencer Money, said the cost of an average wedding now is "frightening", but advised that wedding insurance could offer som...Read More