According to a recent report many parents in the UK are engaging in an illegal activity whereby they insure their kids’ cars in their own names, and then have their child added as a named driver on the policy. Of course, the reason why many parents are doing this is to cut back on the cost of cover, which can be very costly for younger and more inexperienced drivers. However, many experts state that these parents are doing their kids no real favours. Read the rest of this entry »
Popularity: 85% [?]
UK consumers that have insurance policies such as critical illness cover and life insurance cover could soon be enjoying increased fairness as a result of new regulations that could mean that insurance companies will not be able to deny claims as easily as they have been able to in the past. Insurance companies have come under fire in the past because they have denied claims on this type of cover because of information that they claim was not given at the time of applications, and this has left many claimants high and dry when it comes to making a successful claim on a policy that they have been paying the premiums on. Read the rest of this entry »
Popularity: 69% [?]
On July 1st 2007 new regulations came into force in Britain banning smoking in any enclosed public areas. Smokers are now no longer allowed to smoke in bars, pubs, clubs, restaurants, and other venues where smoking was previously allowed. As a result of this many smokers have decided to try and quit the habit, and for those that are successful there could be a fair amount of extra money available each month that can be invested elsewhere. This comes from the savings on the cost of cigarettes, which can be considerable for heavier smokers, as well as reductions in areas such as life and home insurance policies.
Financial experts are now offering advice on how ex-smokers could start using this extra money to benefit them most. It is thought that heavy smokers could be saving thousands of pounds a year on the cost cigarettes, and even lighter smokers could be looking at annual savings in excess of £1000. There are many different ways in which this additional disposable income could be used by ex-smokers, and advisers have suggested a number of options that consumers can look at to make the most of the money that they save.
One suggestion put forward by financial experts is to invest the money in a high interest savings account such as an ISA, where it can accrue high levels of interest each year and could really add up over time. Homeowners that quit the habit could also cash in by increasing the repayments on their mortgages. This could save them a fortune in interest payments over the term of the loan, and could cut the term of their mortgage, enabling them to get out of debt more quickly.
Another suggestion is to invest the money for the future in some form of retirement fund, and for younger smokers with more time to save this could add up to a considerable amount that could lead to a far more comfortable and enjoyable retirement.
Popularity: 98% [?]
Pet insurance cover is something that many people in the UK take up. As a nation of animal lovers, many of us want to provide our pets with protection in the event of an accident, sickness, or injury, ensuring that the pet can get the treatment or surgery that it needs. There are a number of providers that offer pet insurance to suit a wide range of needs and circumstances, so consumers are able to compare different policies in order to find the most suitable and affordable one. Read the rest of this entry »
Popularity: 63% [?]
Confused.com, the insurance specialist, has claimed that despite the company’s claims Direct Line is not the most competitive car insurance company, and around 90% of customers may be able to get a better deal on their cover elsewhere. Recently, Direct Line has been launching a campaign, with marketing materials that claim ‘Direct Line is the UK’s most competitive major insurer’. Read the rest of this entry »
Popularity: 93% [?]
A recent report has shown that many drivers in the UK do not shop around for car insurance, and many may be paying over the odds on their premiums as a result of this. The research was conducted by Sainsbury’s and shows that large number of consumers in the UK will simply go with the first quote that they receive for their car insurance rather than taking the time to shop around. Experts state that the rising cost of car insurance premiums makes it all the more important to compare deals before purchasing insurance cover. Read the rest of this entry »
Popularity: 71% [?]
One vehicle insurance company that specialises in finding affordable car insurance cover for younger drivers has been providing tips on just how simple it can be for younger drivers to save a small fortune on the cost of their insurance cover. Officials from Young Marmalade have stated that by investing a little extra in a safer car in the first place parents of new drivers – or the drivers themselves – can both increase health and safety, and cut down on the cost of insurance cover. Read the rest of this entry »
Popularity: 71% [?]
Consumers that want to save money on the cost of their private medical insurance could see a big difference in their premiums if they make the effort to stay as fit and healthy as possible, according to a recent report. Compared to last year there has been a rise of around 1.5% in the number of UK consumers taking out private medical insurance, and it is thought that this is, in part, due to large discounts that are being offered to consumers by insurance companies in exchange for leading a healthier lifestyle, which will then decrease the risk of having to make a claim. Read the rest of this entry »
Popularity: 80% [?]