Posted by homesweethome on 08:08
The cost of car insurance for 17 year old drivers was already high, but average car insurance prices have jumped by a staggering 64% over the past 12 months, according to the AA's latest British Insurance Premium Index. The average premium for a driver between the ages of 17 and 22 is now £2,431. Men pay more than women: the typical premium for a young man is £3,052 compared with £1,767 for a young female motorist.
Young people often spread the cost of insurance by paying their premium by monthly direct debit. Monthly installments can be convenient, but there is usually an extra charge, so make sure you understand the fees involved.
The high...
Posted by homesweethome on 08:01
However old you are when you past your driving test, your first car insurance policy is likely to be expensive. Often, policies for new drivers cost more than their actual cars.Car insurance is a legal requirement in the UK, so - as cover is not optional - there are steps new drivers can take to find the cheapest possible car insurance.
A great place to start is our comparison tool which will help you to compare new driver insurance quotes from more than 100 companies
What should a new driver look for in an insurance policy?
Whilst getting the cheapest possible price for your car insurance is important, ensuring you get the most appropriate...
Posted by homesweethome on 07:58
If you thought your driving test was difficult, wait until you try and buy car insurance - that's when things could start to get really tricky.
The price of motor insurance is rising rapidly. A recent report calculated that the cost of cover has jumped 40% in a year, potentially pushing many motorists off the road.
The average car insurance premium is now about £900, but the average masks some big variations. Young driver's insurance premiums are typically the highest, often topping £2,000. To make matters worse, more than half of insurance companies simply refuse to cover teenage drivers.
Don't be tempted to drive without car insurance, though....
Posted by homesweethome on 07:52
An introduction to car insuranceOf all the financial products owned in the UK, car insurance is one of the most common. The reason for this is simple: to drive a vehicle on the road legally it needs to be insured, and with 26 million cars on our roads, that's a huge number of people insuring a vast number of vehicles.
Most of these people are given the chance to review their policies each year, allowing them to switch to a different company should they desire based on price, and the quality of service provided. Theoretically this should mean that everyone knows everything there is to know about insuring a vehicle, but this is not necessarily...
Posted by homesweethome on 07:50
Proud owners of classic cars often lavish their vehicles with care and attention. But do they take as much time and trouble over their motor insurance? A classic car insurance policy is often cheaper than insurance on a modern vehicle, but it pays to make sure that you buy the right cover for your prized possession.
Some enthusiasts only take their cars onto the road during the summer months. Previously they could let their insurance lapse over the winter when the car was off the road. But they could now fall foul of a new insurance law, which makes it an offence: if you car is taxed it must now also be insured.
If you don't drive your...
Posted by homesweethome on 07:46
If you have recently been on the receiving end of a driving conviction, chances are that it will have a negative impact on the car insurance prices you are offered. However, this doesn't mean that you should be forced off the road. Get cheap car insurance for convicted driversThe effects of the recession are taking their toll on the insurance market, with car insurance prices rising by up to 40% over the course of the past twelve months. Anyone in search of car insurance for convicted drivers has the additional handicap of their penalty points on top of this, which increases the perceived likelihood of an accident occurring in the eyes of insurers....
Posted by homesweethome on 07:43
Passing your driving test is an exciting time when the world seems to open up to you. Travelling suddenly seems so much easier. However, you first have to pass the hurdle of buying your first car. This isn't just as easy as picking a car that looks nice, and your first car insurance policy will be a major consideration in this.
Rising car insurance pricesCar insurance prices are rising by 44p every single day, with the average driver now paying £791 each year.
These statistics slightly disguise the fact that newly qualified and young driver car insurance quotes are disproportionally high compared to those offered to older and more experienced...
Posted by homesweethome on 07:39
Given the predictions by industry experts that fuel prices will continue to increase, a growing number of motorists are looking for more fuel efficient vehicles. However, owners of fuel efficient vehicles won't just make savings on their annual fuel, as they could also benefit from cheaper car insurance deals.
Get cheaper car insurance dealsResearch by moneysupermarket.com suggests that some car insurance companies will offer discounts to owners of certain environmental friendly vehicles of somewhere up to 5%. This is a significant amount when you consider that the average motorist is now paying £791 per year for their car insurance alone....
Posted by homesweethome on 07:35
More motorists these days are importing cars from overseas. They are often not only cheaper but also built to a higher specification than UK models. The growing popularity of car imports, particularly from Japan, has made the process easier. But imported car insurance deals can be tricky to find, especially at a competitive price - and that makes it all the more important to shop around for the best deal.
How much does imported car insurance cost?The average motor insurance policy now costs £892 a year, but owners of imported cars should expect to pay above the average for their policy. Insurers often charge more to cover imported cars because...
Posted by homesweethome on 07:33
Car insurance prices are escalating by an average of 44 pence each day according to moneysupermarket.com research. It has therefore never been more important to shop around to find cheap car insurance deal when your renewal is due. The only way to be sure that you are getting the best deal available is by comparing prices available through the every different car insurance company on the market. Unfortunately there are hundreds of them, which mean that it would ordinarily be a very time consuming process.
The changing car insurance marketA large contributor to the car insurance costs problem is uninsured drivers, with research by moneysupermarket.com...
Posted by homesweethome on 07:30
Building a kit car can be an expensive hobby, so the last thing a kit car enthusiast needs is costly motor insurance. There are specialist kit car insurance companies, however, who offer cover specifically tailored towards the kit car community.
What should your kit car insurance include?When buying insurance for a kit car, there are a few more things to consider than when you are looking for a more conventional car insurance policy.
Some policies offer cover for parts whilst in transit and some protect against damage or theft during the construction process. An 'all parts covered' policy will ensure you are covered if parts get damaged or go...
Posted by homesweethome on 07:27
Learning to drive can be a really exciting time but it can also be expensive: If you're using public transport to get around you will have to pay for both that and your lessons at the same time, the tests keep getting more and more expensive year after year, and if you want to learn in a car other than your driving instructor's, you will need some form of learner driver insurance.
What is the best car insurance for learner drivers?This depends entirely on your situation.
If you are only driving your instructor's car and no others, you do not need to be concerned about insurance - part of your instructor's policy covers students, and part of...
Posted by homesweethome on 07:25
Modifying a vehicle can increase its value and performance, but in the eyes of insurance providers, it also increases the risk of making a claim. This can make finding car insurance for modified cars difficult.
Can you lower the cost of modified car insurance?To a certain extent, you can keep the cost of modified car insurance down - but you may have to compromise on what modifications you'd like to make.
Initially, you should think carefully about the effect the modifications will have on your car insurance premiums.
The obvious solution is not to go too far with the modifications. Keeping the changes to a minimum will limit your modified...
Posted by homesweethome on 07:23
The cost of car insurance is going up by 44p every single day, according to research by MoneySupermarket.com. Young drivers pay particularly high premiums - the average now stands at £2,431 - because they are more risky to insure. Statistics show that teenage drivers are ten times more likely to be killed or seriously injured in crashes than drivers aged 35 or over.
Some estimates suggest that the rising cost of motoring has forced 1.3 million drivers off the road, so it's no wonder that more people are looking at different ways to cut the cost of cover, including named driver insurance.You can usually add up to four named drivers to your car...
Posted by homesweethome on 07:20
Classic car insuranceThere is no fixed definition of a classic car though, for the purposes of tax, HMRC consider a classic vehicle to be one that is over 20 years old and worth £15,000 or more.
Fortunately, the criterion set by car insurance companies is often a lot less stringent and many insurers will define a classic car as one that is simply over 20 years old.
And if you drive a classic car then it may be worth taking out specialist car insurance as some insurers will offer lower priced premiums for limited mileage policies and members of classic car owners' clubs.Imported car insuranceImported cars such as Japanese or American cars are...
