Efforts to preserve the safety of car insurance customers from drink driving threats on Britain’s roads could be affected by police budget cuts.
Travel insurance holders reveal ideal city break companions
September 24, 2010 By
British travel insurance holders have revealed who their ideal city break companion would be.
Graduated driving scheme could slash cost of car insurance for young drivers
September 24, 2010 By Leave a Comment
It’s been suggested that the introduction of a graduated driving licence could help slash the cost of motor insurance for young drivers.
Swiftcover.com estimate that newly qualified drivers could see the cost of car insurance reduced by 10% with the use of the graduated driving licence.
With the graduated driving scheme drivers who have recently passed their tests would not be permitted to transport passengers of a similar age as themselves, nor would they be allowed to drive at night. The research was conducted by Cardiff University who believe that 200 lives a year could be saved with the introduction of the new system.
At present the youngest drivers on the road, those aged between 17-19 years are most likely to be involved in a road traffic accident. It’s also been revealed that 62% of claims for car accidents for those in this age group are made by male drivers. For this reason, this age group faces extremely high car insurance rates, so most young drivers would welcome the opportunity to reduce their premiums in order to make driving more affordable.
However the idea of the graduated driving licence is just that, an idea at present, so there’s no guarantee it will ever become part of driving laws in the UK.
Car insurance threat in Bedford
September 23, 2010 By
Drivers in Bedford have been warned of a threat to their car insurance after a series of break-ins were reported in the Castle Road area of the town.
Divorce insurance launched in the US
September 23, 2010 By Leave a Comment
It may not be the most romantic of prospects, but in the US many couples are turning to divorce insurance to safeguard their financial future in the event of a break-up.
The divorce insurance policy, known as WedLock, was introduced on August 5th by John Logan from North Carolina who has firsthand experience of the money-related issues a divorce can throw up. Logan saw his life savings disappear after a costly separation from his wife, and so decided to set up a new form of insurance cover to prevent others from suffering the same financial hardship.
However couples on the brink of divorcing can’t pick up a policy and expect a pay-out as the policy doesn’t mature until 4 years into the marriage. The payout increases with every year the marriage continues.
There is a range of cover options available costing from $16 a month to insure every $1,250. Logan says he’s already sold a number of policies, with some policyholders forking out as much as $1,000 a month on cover.
It’s been suggested that divorce insurance maybe something which relatives or friends of a couple who are concerned about the longevity of a relationship may consider taking out on behalf of a husband and wife without their knowledge.
Some relationship experts have criticised the new insurance policy as they say it could act as an incentive for some individuals to encourage them to divorce.
Car insurance holders ‘hit by streetlight dimming’
September 23, 2010 By
Streetlights in Lincolnshire are going to be dimmed, which could affect car insurance holders travelling on the county’s roads.
Used car buyers ‘must know their rights’
September 22, 2010 By
Car insurance customers have been advised to learn their rights before purchasing a used car from a dealer, after the Office of Fair Trading’s Consumer Direct service noticed a rise in car breakdowns.
Insurance policy admin fees criticised
September 22, 2010 By Leave a Comment
The administration fees which are charged to policy holders wishing to make amendments to their cover have come under fire this week after research from Which? found that some companies charge up to £55 for minor changes.
Back in 2004, just under fifth of car insurers charged an administration fee for changes to a policy. Now that figure has changed significantly with 70% of motor insurers and 30% of home insurance companies charging for changes to policies such as altering your marital status or changing a name or address on the cover.
Which? who carried out the research concluded that the administration fees are too high and are not always made clear to the policyholder as they are sometimes hidden in the small print.
The Association of British Insurers (ABI) has defended the use of admin fees by insurance companies. In a statement the ABI say that insurers don’t want to charge customers, but must ask for a fee to be paid if they incur costs in the process of administering the change on the policy.
Which? found that the average administration fee charged for a change to a car insurance policy stood at £21 and for a home insurance policy the average amount was £18.
Prescription drug risk for car insurance holders highlighted
September 22, 2010 By
Ten per cent of motor insurance policyholders admit their ability to drive was impaired after they took prescription medication, according to a new poll.
Car insurance customers: reliable cars
September 21, 2010 By
As many car insurance customers return to university this month, one company has revealed some of the best-value cars to send them off in.
