AA report huge hike in car insurance costs

Figures that have been recently released have shown that there has been a huge rise in the cost of vehicle insurance, and the cost of cover could continue to rise. The research was carried out by the AA and showed that the average cost of car insurance has rocketed by a record 14 percent, and it could rise higher still. Read more

Tags: better car, United Kingdom, car insurance, group, competitive markets, motor insurance, hike, car insurance costs

Interest rates on hold again

Earlier this month saw the September Monetary Policy Committee meeting took place, and following the monthly meting the Bank of England has announced that the UK base interest rate is to be kept on hold for yet another month, staying at its all time low level of just 0.5 percent. Read more

Tags: quantitative easing, place, mortgage rates, easing, monetary

Brits’ love of horseplay costs £325m to damage to homes

The biggest cause of damage to homes has been found to be ‘horseplay’, which results in a total bill of £325 million each year, a new report has found.

Research from Tescocompare.com has revealed that one in four accidents in the home is caused by Brits ‘messing around’.

A further £95 million pounds worth of damage is the result of people having a little too much to drink and causing an accident, the most common type being a spillage, according to the study.

More than one in three say they have damaged carpets, curtain or furniture by spilling something on them.

Commenting on the research, Paul Baxter from Tescocompare.com, said: “As the saying goes accidents do happen – and this research suggests many of us suffer financial loses on an annual basis. You can insure against accidental damage.”

In related news, the website recently revealed that 64 per cent of Brits stayed with the same home insurer last year even though 44 per cent saw a price hike.

Tags: hike, Lloyd's of London, biggest cause, Paul Baxter, home insurer, related news, love, Insurance