car insurance

We all know that car insurance cost is often unnerving and the continuous rise in motor insurance premiums makes it all the more difficult for drivers. In fact, increasing premiums and inflating motor insurance cost is one of the biggest reasons why people do not want to buy car insurance. They are always looking for alternatives to get cheap motor insurance. Again, there is a section of drivers which do not choose comprehensive car insurance and instead opt for third party motor insurance as they think a comprehensive policy may cost them more. Logically as the policy gives more benefits this makes sense, but that is not always the case. There are times when your third party insurance, which is the bare minimum requirement to drive a car in Britain, may prove costlier than comprehensive motor insurance. Let us check how! Even if the cost of car insurance rises astronomically, […]

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The inevitable question of how to save on car insurance premiums holds itself tight in front of the UK drivers. As the car insurance cost rises every now and then it becomes difficult to manage the finances. However, experts suggest that those who use cars for a small time period should switch to pay-as-you-go car insurance to minimize their motor insurance cost in UK. Statistics reveal that by not choosing pay-as-you-go insurance, drivers pay at least £300 a year extra on their car insurance premiums. Although, the rising cost of motor insurance can take a breather due to the change in Ogden rule, it may still suffer from the much higher annual car insurance cost. Therefore, it is but natural to switch to car insurance providers that offer cheaper premiums. According to reports, there is a huge section of UK drivers who use their car for less than an hour […]

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Young UK drivers are believed to be paying the highest car insurance premiums. Major reasons responsible for the skyrocketing UK motor insurance premiums are fraudulent claims, increase in IPT and reduced discount on payouts of fatal injuries. Due to these reasons, the UK car insurance providers charge heavy premiums from young drivers to such an extent that at times the insurance cost surpasses the cost of the vehicle. When motor insurance providers were prodded, they blamed it on the risk value associated with young UK drivers. Why young UK drivers pay higher car insurance premiums? As most of the young drivers have less experience in driving vehicles, they tend to make more mistakes than the experienced ones. In addition, they like to speed often which makes them a riskier bet for car insurance providers. Even if we look at the statistics of last year, it suggests a 19% rise in […]

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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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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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The UK government is serious about decarbonising the environment and clearing up road traffic situations to reduce the number of accidents. To facilitate the process of minimising congestion on UK roads, it has invested in traffic dispersing technologies so that it speeds up the daily journey of millions. The technology would also focus on clearing up the environment so that UK citizens live in the less polluted surroundings. The government ensured that the tech projects should roll-out fast by allotting £4 million to them. The projects would be aimed at things like notifying motorists about free parking spaces, traffic on the roads as well as real time driving information. The projects would also include using technology to inform visually impaired people about the real time traffic situations so that they can ensure their personal safety while on the roads. According to government reports, 19 councils across England would receive funds […]

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