6 Sep, 2010
Car Insurance Car Insurance Premiums Insurance Premiums Premiums
The AA has named fraud as a major contributor to a 31% increase in car insurance premiums, over the past 12 months.
According to the motoring organisation, the typical cost of fully comprehensive cover currently stands at £704, premiums having risen at their fastest rate since records began 16 years ago.
Furthermore, premiums for younger drivers are rising at an above average rate, with those aged under 30 having to accommodate an 11.5% hike the past quarter alone.
AA Insurance director, Simon Douglas, comments: “While the organised ‘cash for crash’ scams that ripped millions of pounds off insurers have made headlines, the problem of car insurance fraud is much deeper and has become one of the principal drivers of insurance premium inflation.”
Last week, Co-operative Insurance suggested that the UK’s honest motorists are paying £1.25 billion a year to support the activities of dishonest drivers.
According to research from the insurer, the average car insurance premium carries a £50 penalty to cover costs incurred by uninsured and fraudulent road users.
1 Sep, 2010
Car Insurance Dishonest Drivers Insurance
Honest UK motorists are paying £1.25 billion a year to support the activities of dishonest drivers.
According to research from Co-operative Insurance, the average car insurance premium carries a £50 penalty to cover costs incurred by uninsured and fraudulent road users.
Launching a joint initiative with road safety charity, Brake, Co-operative Financial Services chief operating officer, Tim Franklin, said: “Millions of people are deliberately flouting the law by not insuring their cars at massive cost to honest road users and the wider insurance industry, posing an unnecessary and unjustified risk.”
He added: “Whilst work is continuing to highlight the dangers of uninsured drivers – and keep them off the UK’s public highways – by the police, road safety groups and the insurance industry, there is clearly more to be done.”
Last month The Motor Insurers’ Bureau (MIB) identified the UK’s uninsured driving hotspots, placing Barkerend in Bradford (BD3) at the top of the list.
The West Yo
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16 Aug, 2010
Car Insurance Insurance
There are various reasons as to why you might be looking for a new car insurance policy. Perhaps you’re unhappy with your current policy or insurance company, or maybe your car is currently uninsured due to financial factors. Whatever your reason, it’s simple to find a policy that will fit both your budget and your cover needs. Of course, with all the car insurance policies on the market, you might not always know where to begin with your search for new car insurance. Should you pay more to get that extra bit of cover, or should you save some money and forego a few features?
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13 Jul, 2010
Car Insurance Insurance
Motorists have been advised by Post Office Car Insurance to ensure that their coverage protects them against theft or damage to contents.
With festival season upon us, Post Office Car Insurance suggest travellers should check their insurance arrangements prior to travelling.
Should present coverage prove inadequate, the policyholder ought to contact their provider to enhance or amend their insurance.
In addition, festival-goers are advised to take basic precautions, such as not leaving valuables (such as sound systems or musical instruments) visible in their cars.
Motorists also need to ensure that any friends taking part of the driving duties on a long journey are included on their insurance policy.
Recently, the Post Office has also urged those going on holiday to make sure they take out travel insurance, to protect them against unforeseen woe with a financial safety net.
Related stories to Car insurance a must for festival-goers:
12 Feb, 2010
Car Insurance Insurance Term Car Term Car Insurance
It is normal for people under the age of twenty-one to want to drive around the town. This is where they will need short term car insurance for under 21. This is considered to be one of the unique and innovative types of car insurance that is being offered at present. If you have plenty of speeding tickets, or if you have caused an accident, then the cost for regular car insurance will be very high. So what do you do in such a case? You can consider getting a temporary auto insurance for people below the age of twenty-one. When it comes to this insurance, you should know that it is a temporary insurance and not a full year one. If you do not mind driving for only few months in a year then this plan is perfect for you.
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