Is it cheaper to be on the road now compared to twenty years ago?

Ask any driver and they will most likely tell you that the cost of keeping their vehicle on the road is extortionate. The cost of petrol is a major contributory factor, with petrol prices having rocketed by an incredible amount over recent months. The cost of insuring a vehicle has also gone up considerably, and many pay hundreds of pounds even for the most basic cover on their vehicle these days. Add to this the cost of buying a vehicle in the first place and the cost of servicing, MOTs, tax, and repairs, and you could find yourself shelling out a fortune each year to be on the road. Read more

Tags: households, savings, factor, wheel, victim, worrying, motorists

Fully comprehensive insurance is no longer fully comp

Motorists in the UK have always enjoyed a choice of insurance policies to match their needs and their pockets, and those able to afford higher premiums and who want increased protection have often opted for fully comprehensive insurance cover, which provides the highest level of protection and cover. However, according to a recent report fully comprehensive cover has been modified and changed so much over recent years that it is now fully comprehensive in name only, and consumers are often not getting the protection that they may think they are. Read more

Tags: Vehicle insurance, comprehensive insurance, Financial services, insurance policies, motorists, car insurance

Number of uninsured drivers on the roads gone down

The number of uninsured drivers on the road has gone down over the past two years, claim industry experts.

The British Insurance Brokers’ Association (BIBA) said that “things have changed a lot” with rates going down in excess of ten per cent.

Graeme Trudgill, technical and corporate affairs executive for BIBA, said: “In 2007, approximately 150,000 were seized by the police and in 2006 this number was 78,000.

“So it’s practically doubled in the last year and we’re expecting it to be much higher again this year,” he continued.

The police have now got access to the motor insurance database and the power to seize uninsured vehicles as well as “automatic number plate reading cameras” which are helping catch uninsured drivers.

According to the Motor Insurer Bureau, uninsured driving cost law-abiding motorists in excess of £500 million each year or around £30 on their insurance premium.

The body also said that up to 160 deaths on the roads each year in the UK are caused by uninsured drivers.

Tags: Insurance, insurance premium, motorists, british insurance, uninsured vehicles, Oceania, Graeme Trudgill

Insurance By Age and Experience

Mature beyond your years

Just as young people get penalised for being young by the insurance companies there can be disadvantages to being old too. But there are also some advantages. How do the insurance companies treat drivers of more advanced years? Read more

Tags: insurer, 14 days, Debits, type, SAGA Driver