February 9, 2012
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What you need to consider for covering your business

What you need to consider for ...

Many business owners rely on their personal insurance to cover their small businesses. It is, especially true of business owners, working at home. But health insurance is not designed to ...

How advantageous can be a suitable insurance company?

How advantageous can be a suit...

If you use any form of business, chances are you have some form of business insurance in place. It might be just the legal minimum, it could be any liability ...

As a business owner you need a business insurance

As a business owner you need a...

A woman enters the restaurant you own, and is triggered by a nail protruding from the floor. It sounds great, but a week later she is back with a lawyer ...

Home business requires a business insurance

Home business requires a busin...

There are so many aspects you must consider when you own a home business. Insurance could be something that you do not even have time to think. However, remember that ...

Browsing all articles tagged with Car Insurance

Higher car insurance excesses bypass lower premiums

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Nate SpofforthDecember 17, 2010

Increasing the excess on a car insurance policy should lower the premium but new research from Which? Money suggests this is not always the case.

Having compared car insurance quotes from a range of providers, the consumer group discovered that raising the total excess on a quote from Aviva, from £350 to £550, actually increased the premium by 8%.

Which? Money was quoted £424 with a total excess of £350 but £458 with an excess of £550.

In the case of the AA, a similar rise had no effect on the premium, while for Budget, the Post Office and the RAC, raising the excess by £250 reduced premiums by a mere 1%, saving the consumer just £6.

Which? chief e

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Tags: Car Insurance, Lower

Aviva launches salary-sacrifice car insurance scheme

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Nate SpofforthDecember 8, 2010

Aviva is launching a block car insurance policy for businesses that operate an employee salary-sacrifice car scheme.

Under such a scheme, the employer receives the vehicle from the leasing company, paying net of tax, rather than the full price.

This saving is then passed on to the employee, who receives a new car at a better price than if they went independently to the leasing company.

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Tags: Car Insurance, Scheme

36 percent car insurance customers break the speed limits

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Adam BarungaSeptember 29, 2010

Due to increasing car insurance premiums, a number of motorists have resorted to fraudulent practices and uninsured driving on the roads in the UK. It is important to carefully compare car insurance quotes and select the best deal. Even after you have purchased a car insurance policy for your vehicle, it will require a certain level of care and caution. Responsible and careful driving is necessary if you want to be away from the unnecessary hassles of making claims from the insurance company.

In a recent survey conducted by a road safety charity and a leading car insurance provider together has revealed some disturbing figures.

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Tags: Car Insurance, Insurance

Rising Admin Fees Increasing Car Insurance Prices

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Adam BarungaSeptember 16, 2010

The rising administration fee is increasing the car insurance bills for the motorists in UK. According to a leading financial research company in the country, it is getting increasingly common for the insurance providers to add the administration expenses to the cost of insurance product.

The company has observed that since the year 2004 the scale of administration fees being levied on the customers has been rising almost dramatically. In fact, for the past six years, the number car insurance policies charging admin fees has increased considerably. While it was just two percent policies charging admin fees six years back, it is now seven percent.

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Tags: Car Insurance, Insurance, Rising Admin

Fraud fuels 31% hike in car insurance premiums

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Nate SpofforthSeptember 4, 2010

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.

 

Tags: Car Insurance, Car Insurance Premiums, Insurance Premiums, Premiums

Dishonest drivers add £50 to car insurance premiums

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Nate SpofforthAugust 31, 2010

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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Tags: Car Insurance, Dishonest Drivers, Insurance

Frauds Pertaining to Car Insurance behind the Increase in the Insurance Premium

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Adam BarungaJuly 25, 2010

The last few weeks have seen a tremendous untold increase in the car insurance rates. Experts believe that one of the premium reasons behind this rise is the increasing number of fraudulent cases of exaggerated injury claims. The April and June statistics show a 12 percent increase in the costs of the comprehensive car insurance cover indicating a further increase in the coming months.

It seems like an added injury for car owners mounting on top of the increased fuel prices as well as the taxes levied on the car insurance premiums. If you compare car insurance, you are likely to end up realizing that the cheapest of the comprehensive insurance quotes have increased by as much as 11.5 percent in a short period of three months as compared to the last quarter when the value was at €704. T

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Tags: Car Insurance, Premium