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Car Finance
Testing times for motorists who fail to pass driving tests
More than four million Brits (10 per cent) have found learning to drive so traumatic they have spent £3.2 billon on lessons – then given up, according to a new study.
Check out the best finance deal for your new car
Michelle Slade, analyst at moneyfacts.co.uk comments: “As 1st March draws near, keen motorists will be spending the next couple of weeks shopping for their shiny new car, bearing the ‘07’ registration.
Choose car cover with the Post Office and get £50 free!
With thousands of drivers set to upgrade their wheels after the new car registrations launch on 1 March, the Post Office is urging anyone changing their car to shop around to get the best insurance deal for their new vehicle.
Car insurers gear up for higher premiums as more drivers are convicted
As new mobile phone/driving laws are set to take effect, new research into driving convictions by Insurancewide.com, the insurance comparison website, confirms that male drivers are currently far more likely to hold most types of driving convictions than women and are therefore paying much higher insurance premiums.
Extra protection for new car buyers this March
New car buyers waiting to purchase the first ‘07 registrations in March should check their insurance cover before leaving the garage forecourt, warns American Express Insurance Services.
“Pay as you drive” insurance extended to motorists up to age 70
Motorists up to the age of 70 can now take greater control of their motor insurance and save up to a third on their premiums with the news that Norwich Union is extending the age range of its flexible “Pay As You Drive” insurance policy.
Phone for insurance penalities
Drivers who flout the new offence of using a mobile telephone whilst driving could end up paying at four times or more more than their fixed penalty notice, through increased insurance premiums AA Insurance has warned.
Buy one get one cheaper as loyalty pays
Motorists can get multiple insurance discounts by playing the loyalty card and signing up for other insurance products with the same provider, new analysis from MoneyExpert.com shows.
moneysupermarket.com comments on ABI clampdown on uninsured motorists
Richard Mason, managing director of insurance at price comparison website moneysupermarket.com, comments on the Association of British Insurers’ clampdown on motorists retrieving seized vehicles through the ‘Driving other Cars’ provision in their policy.
Steady trend in rising premiums
The Sainsbury’s Car Insurance Index which tracks online premiums over a six month period, reveals that during 2006, there was a steady trend of rising car insurance premiums. In January 2006, the average premium was £462.72, by July this had risen to £466.63 and by the end of the year it had reached £472.52. Over the 12 month period, the average car insurance premium increased by £9.80, or 2.1%.
Zurich cracks down on motor fraudsters
Zurich has announced it’s piloting a new initiative intended to expand its current work on reducing motor claims fraud.
Motorists admit driving without insurance
One in eight (13 per cent) British motorists admit they have driven a car they were not insured to drive, according to new research.
Motorists set to waste millions on over-priced credit
UK motorists are set to waste over £228 million by signing up to car showroom finance deals when they buy their new ‘07’ registration cars on 1st March, reveals uSwitch.com, the independent price comparison and switching website.
‘Boy racer premiums’ halve when men hit thirties
Men in their twenties pay more than double for their motor insurance compared with those in their thirties, according to research by moneysupermarket.com.
Brits unsure of their car insurance cover – easyMoney.com
Over one in ten Brits has no idea what they are paying for when it comes to their car insurance, according to research from on-line car insurer easyMoney.com. With simple and easy-to-understand policies and a third of people looking to save money this year, easyMoney.com could be the obvious remedy.