The expense of car insurance for young motorists can be exceptionally high. They are regularly priced at several thousand pounds and can be more than the price at which the car was bought. There is no wonder why young motorists frequently are left frustrated by the prices they are charged for cover. The main reason […]
In some cases, the car insurance premium paid by young drivers is several times above the value of the car. But what is the fundamental reason behind the high car insurance premium? Well, car insurance companies effectively base the quoted premium on a set of statistical assumptions and, statistically speaking, 1 in 5 drivers have […]
Statistically, at the age of 21 your car insurance premiums should be less than what it might have been if you were at a younger age – this reduction in premiums is due to insurers noting a lower risk of a claim and accident. Nonetheless, the premiums you are quoted will still be quite high […]
There are various reasons why you might need car insurance only for a week. For example, if you’re back from university for a short period of time and you wish to use the family car or perhaps you’re going on a long journey in a borrowed family car and hence getting car insurance for a […]
Whilst it may not feel like it over the years, car insurance premiums has in fact fallen. But why is it still so expensive? Fraud Every week, over 2,500 fraud claims are identified amounting to a claim amount which is in excess of £15 million. To combat this problem, insurers have an Insurance Fraud Register […]
Statistically young drivers are the most likely to be involved in an accident/ make a claim and hence they have some of the highest insurance premiums around. But to combat this, many insurers now offer telematics insurance, also known as black box insurance or pay as you go insurance. This type of insurance effectively tracks […]
