car insurance premiums

Car insurance companies in the UK are increasing premiums even when the claiming driver is not at fault. Coming as a surprise, these price hikes are made by companies like Esure, More Than, Rias, Admiral and AXA. More Than has increased premiums by a whopping 33% followed by Esure (17%), AXA (14%) and Admiral (11%). With so much increase in premiums, car insurance has become a costly affair. The companies are asking premiums from drivers even when they were not at fault. So, if you meet up with a crash then you would pay higher premiums to your insurer. This does not go well with the policyholders and only five out of 1,281 drivers in the UK could understand or agree with these new norms. So, if your insurer has to pay for your car crash then you will have to suffer from a higher premium. Esure made a premium […]

Read More

When you choose a car, you may consider a particular model or make, but what you might not have considered is that the kind of car you pick can have a significant impact on the amount you on your car insurance premium. In simple terms, your premium will be far greater on a Porsche compared to a Vauxhall. This is since insurance firms determine premiums on statistical risk – and since the driver of the Porsche is statistically higher likelihood of making a claim compared to the policy owner of the Vauxhall driver. Before choosing a policy, it is beneficial to check which car insurance group your chosen car fits into as this will have a knock on effect on how much you pay for your policy. If saving money is your goal, you will want to choose a car that would have cheap cover. There are a total of […]

Read More

You’ve parked in a shopping centre car park, paid a man from a car wash company to clean your car and returned three hours later to find the car is scratched. So who is liable; the car washing company or your insurer? Well, a huge factor depends on the type of insurance you have. For example, research on 237 comprehensive car policies showed just under 50% would insure your car if damaged in the valet’s care, which could include car washing companies. This implies you aren’t immediately covered. Car wash and valet firms tend to have their own insurance to cover themselves against any unfortunate incidents but the amount of liability they would be willing to accept can vary greatly, since some may not cover damage or theft from your car. So if you want to recover the costs of damage, claiming a breach of contract or an act of […]

Read More

All motorists would love to have a reduction in their car insurance premiums and a recent investigation by the CMA aimed to achieve this by increasing competition. Competition According to investigation it was discovered that there are many areas in which competition is being impeded and inefficiencies is leading to high premiums. Generally, it seems consumers were given unclear information during the sale of add-ons, such as no-claims discount protection which makes comparison more difficult. As such, the CMA has put forward measures to address the information gaps. It proposes the provision for more detailed information to the customer, so that they are aware about the benefits as well as costs of any extra add-ons. To add, the CMA has requested an investigation by the Financial Conduct Authority (FCA) into how the insurance companies are conducting their sales to ensure that customer is knowledgeable. Moreover, the CMA failed to find […]

Read More

According to Which?, Admiral customers are getting implicated to a £145 double charge. Admiral and its sister companies, Diamond and Elephant.co.uk, are charging a higher premium for customers who prefer to make monthly payments and then charging them interest too- meaning they are getting charged twice for the option to spread their car insurance quotes. Premium Most people prefer paying monthly for their car insurance as they can spread the cost over the year and hence budget according to their income. However, this option is usually more expensive than making the full payment upfront, as the insurer increases the premium to account for the cost of credit and default risk. These charges are reflected as an annual percentage rate (APR) but according to the research by Which?, some insurers are adding to this extra premium charge. Which? Example The example by which?. includes a quote done on Elephant.co.uk, for a […]

Read More
Compare Car Insurance Providers and Save Up to £200