Insurance

Home insurance is an important part of one’s investment for the property and is considered as a safety measure against all odds including natural calamities. However, a huge mass of Britons do not think so and simply avoid investing in home insurance just to skip the additional cost of buying a home insurance policy. There are also many who have tried their hand at this and burnt their fingers. As per statistics, one in ten home insurance policy holders have made claims which were rejected due to an insufficient policy. The UK insurance providers and experts suggest that such failures are due to the fact that most of them could not find a policy that matches the requirements of their property. Prominent UK home insurance providers coverbuilder.co.uk performed research on 2,256 participants that were 18 and above to check the status of their home insurance in UK. They discovered that […]

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Motor insurance seem to be a scary phrase mostly because the annual premiums are increasing by leaps and bounds. Many Britons show a grumpy face when asked about car insurance costs and share how they face the constant pressure of ever increasing car insurance premiums. Well, everything has a solution and so does the matter of the ever increasing car insurance cost. One of the easiest ways to get lower car insurance premiums is to choose a telematics or black box insurance policy. For this, a black box is fitted into your car to monitor your driving method. The device records your driving speed, frequency of applying brakes, acceleration on bumpy roads etc. As the tiny gadget passes all the records to your telematics car insurance provider, it has a strong correlation with the increase or decrease of motor insurance premiums. If you are rash driver, your telematics record will […]

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The UK car insurance scenario seems to be tilting towards higher premiums in the near future. This year again, we see a considerable increase in UK car insurance premiums and that too by a huge margin of 14.6%. According to reports by Consumer Intelligence, the car insurance premium rates are increasing five times faster than the actual rate of inflation (2.9%) thus, resulting in soaring motor insurance bills. Due to this the average annual car insurance bill amounts to a whopping £755. In addition, experts claim that the rate of inflation has decreased in the last three months as the Government plans to improve the Ogden rate. This rate is responsible for the pay-out of major injuries and is the key factor behind a £75 increase in UK car premiums. According to Consumer Intelligence, it is the older drivers that face the highest pressure by this. The average car insurance […]

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With energy suppliers doing things their way and burdening the customers with heavy tariffs, the energy regulator is in plans to make provision which allows customers to switch gas and electricity supplier within 24 hours of a price rise. We all know that the government and energy regulator Ofgem have often shown their displeasure on energy price rises. However, the Big Six energy suppliers are not giving them heed and are coming up with plans that show no signs of cheaper energy deals. To deal with the situation Ofgem has started consultation with the general public and is expected to make some big announcements soon. This gives a sigh of relief to millions of UK households that are already overpaying on energy. They are charged for the standard variable tariff, which is often the most expensive energy plan but the new rule from Ofgem would put the UK energy suppliers […]

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Whilst you do everything to buy cheap car insurance, there are several other mistakes that would still cost you heavy premiums. It is observed that UK motorists are making silly mistakes that push their car insurance cost to astronomical heights. Some of the common mistakes are modifying the car, record of accidents, speeding and road rage. Unfortunately, if you show any irresponsible behaviour while driving then you can end up paying heavier insurance on the next renewal of your policy. Apart from that there are some other common yet significant mistakes that plump up your motor insurance cost. Five common car insurance mistakes that cost you: No black box policy: Yes! Telematics car insurance is all you need to cut down on premiums. The black box will give all your driving details to the motor insurance provider showing them your responsible driving style. For good drivers, black box insurance is […]

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There is not an iota of doubt that car insurance premiums have seen a huge high in 2017 but there can be a sigh of relief in 2018 if the UK government reverses the Ogden rate calculation, which proved to be the major reason for increase in motor insurance costs. In a nutshell, the Ogden rate plays a significant role in compensation payment for life-threatening injuries. In March 2017, the Ogden rate was changed from 2.5% to -0.75% which had a straight effect on the car insurance premiums. As the insurers were made to pay higher pay-outs, the price of compensation was in-turn passed on to the car insurance policy holders. This had a negative impact as motor insurance premiums which got inflated by a huge margin. Basically, the Government’s decision to change the Ogden rate increased the average motor insurance premiums by £75. Motor insurance experts also had the […]

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In a recent survey conducted by the British Medical Association, it was discovered that the NHS may suffer from a severe staff shortage as thousands of doctors choose to live in Europe than Britain. Statistics suggest that nearly 12,000 doctors who got their degrees from the European countries may quit the UK due to the feelings of low belongingness post the Brexit vote. Two in every five doctors that were trained in the European Economic Area countries considers leaving Britain for Europe as they feel less welcomed. This step by the EEA doctors could be disastrous for the NHS, which already suffers from the lack of medical staff. The BMA conducted a survey of 1,193 EEA doctors that are working in UK hospitals. 42% (500) of them agreed to leave the UK when questioned about their choice of being in the UK or Europe. 26% (309) said they would never […]

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