Car insurance premiums decrease by £745, a drop of almost a third (32%), after one year of no claims discount, according to Compare the Market. When drivers come to renew their policy, those who have not made a claim on their car insurance can typically receive a no claims discount, or no claims bonus, from a number of insurance providers, with the discount rising the longer that you drive … [Read more...]
Older drivers reluctant to switch insurers
Go.Compare car insurance has discovered that around more than 2.1million drivers, have not switched car insurance in the past decade or more. The findings, which asked drivers how often they have switched insurers, also discovered that the older generation are less likely to switch, with 12% of those aged 65 or more admitting that they have been with the same car insurer for more than 10 … [Read more...]
Beware of holiday ‘hang ons’ with car hire
Holidaymakers planning to hire a car in the UK this summer should check the price of the car hire ‘extras’ they need, as the cost at the rental desk can differ by hundreds of pounds. That’s according to a study of Sixt, Europcar, Enterprise and Hertz in eight UK cities includding Swansea by iCarhireinsurance.com, provider of stand-alone car hire excess insurance. The cheapest place to hire a … [Read more...]
Jobless pay higher car insurance premiums
The unemployed are being hampered by higher car insurance premiums close to double those working. Students are also paying more than those out of work, according to a motor snapshot of policies compiled by Wales-based Comparethemarket.com . The trends discovered in the survey that the average price of a policy for someone working is £693, for an unemployed person it’s £1,162 and those in … [Read more...]