The fastest rise in the cost of living for a decade is going to put more pressure on hard-pressed families this year, so saving money on day-to-day expenses is all the more important. Fortunately, when it comes to motoring insurance there are straightforward ways to keep costs down. Car insurance comparison website Quotezone.co.uk offers some handy tips to save the pounds: Check your … [Read more...]
Premiums rising again and young drivers’ risk
Motor premiums are rising again after months of decline in the wake of coronavirus travel limits. Dan Hutson, head of motor insurance, comparethemarket.com, said, “Car insurance premiums are on the rise and have increased by £16 to £714 in September, from August. “This follows four consecutive months of declining costs leading to premiums reaching the lowest level in four years during August. … [Read more...]
Auto-renew at your own peril
With the September peak of car insurance renewals, GoCompare is warning about letting a policy auto-renew without checking for a better deal. One in five motorists allowed their insurer to auto-renew their policy without seeing if they could get the same cover for less money compared with 15% in February 2020. Number of drivers auto-renewing is worth £6.7 Million, its highest level since … [Read more...]
Motorists taking risks with insurance ignorance
Millions of drivers have no idea exactly what their car insurance policy covers as one in four simply let their other half deal with it. A study of 2,000 UK motorists found one in 10 are clueless about whether they are covered for things like driving their car for business use, if they have windscreen cover or if they can drive other vehicles. Worryingly, nearly one in three wouldn’t know what … [Read more...]
Premiums are rising again, so shop around
Insurance premiums are rising again. Dan Hutson, head of motor insurance, comparethemarket.com, said, “After motor premiums reached their lowest level in over four years last month, they are now back on the rise. “The average car insurance price during May was £715, an increase of £36, or 5%, on April. As lockdown eases and more cars are returning to the roads, claims are likely to be … [Read more...]
Ask insurers for premium refunds over lockdown
GoCompare is urging drivers who are concerned about paying their car insurance premiums to contact their insurer as soon as possible, rather than wait for a refund. The comments follow Admiral’s decision to refund £25 to each of its car insurance customers, which has prompted speculation about what other insurers might do. In GoCompare’s view, other insurers may not rush to offer refunds, but … [Read more...]
Premiums continue to fall despite IPT hike
Average premiums have continued to fall in the third quarter of 2019 indicating a trend of reducing premiums, according to the latest Premium Drivers report from comparethemarket.com. While premiums have historically fluctuated throughout the year, average premiums are now markedly lower than the same time last year. In Q3 2018, average premiums were £732. Premiums have now fallen to £707 in Q3 … [Read more...]
Escalating cost of insurance can be trimmed for young
The average young learner is spending an incredible £7,600 to pass a driving test and get on the road. Getting a car, paying insurance and keeping it going is what really pushes up the learner’s bills. The figures are highest for those 17 and 18 year olds and once they hit 25 years the bills dramatically fall. The costs have seen the number of 17-20 year olds learning to drive fall by 21% … [Read more...]