Matthew Plowright wrote a very interesting article in the June 20, 2007 of MSN Money outlining ways to save in car insurance. Owning a car is very expensive and that’s even before you look at buying insurance. And insuring your vehicle is not an option. It’s a legal requirement in the UK for all drivers to have insurance. There are a few ways to cut back on the cost of insurance though.
It’s wise to begin your search online and, if possible, purchase your insurance online as many companies offer a discount by doing it this way. Before you decide on one company, doing some searching and shop around a little bit. Make sure to get several quotes so you can compare prices and coverage offered.
It’s important to tell your insurance company of any medications you make to your car but try not to make any modifications. Car manufactures work with the insurance companies to determine what the average amount of insurance will be on the specific models. Changing your car in any way could raise your insurance and possibly decrease the number of companies that will insure you. (more…)
According to The Mail on Sunday, Britain’s motorists will have to pay a new green tax. This will greatly increase the price of gas and also add to the costs of purchasing a new car by thousands of pounds.
The EU and Government already have in place a “pay-as-you-pollute” plan. To this they will be adding a carbon charge. The goal is to help the country reduce the amount of carbon dioxide, which is greatly caused by cars and lorries. A Department of Transport report says that this new tax could be in place by 2013. It may even combine with other forms of intervention such as fuel duty.
The ultimate goal is to have motorists change the way in which they drive. Hopefully this will cause them to drive less and more carefully therefore reducing fuel. Hopefully they will also begin to buy cleaner cars. (more…)
In a report lately released in The Herald on the 21st of May, states there are signs that insurance for young drivers is set to soar. The report predicted that car insurance premiums are all set to rise over £3000 within the next 10 years for young aged drivers.
Due to the high increase in the number of collisions young drivers are involved in are between 17 and 21 year olds, have made the insurers to have an increase in the car insurance premiums of up to 92% in the last ten year, and this trends is seemingly likely to continue for the next ten years.
The overall average insurance for drivers between 17 and 21 is currently £984 whereas for someone older than 21 the average shoots down to approximately £409, and in the case of just young men in the 17 to 21 range, are been charged £1181. (more…)
