NORWICH Union’s decision yesterday to dramatically increase motor insurance premiums was only a matter of time, according to industry experts – but the level of the increase, by an average of 16 per cent, took many by surprise.
Tag: Insurance
Motley Fool: Car Insurance Costs Set To Jump
The cost of car insurance looks set to increase significantly if insurers follow the hike in premiums just announced by Norwich Union. The largest car insurer in the country has decided to bump up prices by an average of 16% and by as much as 40% in the case of higher risk drivers such as young men with little driving experience under their belts.
Motley Fool: Your Home Is Not A Cash Machine!
In financial jargon, there is no shortage of TLAs (three-letter acronyms) — which, fittingly, is itself a TLA. For example, you have APR (annual percentage rate), CGT (capital gains tax), PPI (the dreaded payment protection insurance), TAR (total amount repayable) and many more. You’ll find more money language in my Jargon Buster and Devil’s Dictionary Of Money.
Scotsman: Students Pay Cost Of Poor Gadget Security
Students are being robbed of possessions worth £126 million a year, according to insurance group Churchill.
Family Finance: Car Insurance – Look Out For Motorbikes
As winter draws near, around 10,000 of the UK’s motorcyclists begin to make plans for storing their bikes away for the cold season.
Motley Fool: Payment Protection Insurance – Just Say No!
A few weeks ago the Office of Fair Trading published an interim report on their study of the payment protection insurance market. Suffice to say, they’re not happy with the industry.
Motley Fool: Stop Paying For These Five Insurances
In so many ways, insurance works very well. No seriously! OK, the customer service can leave a lot to be desired and it tends to get a bit messy when it gets entangled in the legal industry. However, there’s a lot of competition to keep prices down and to ensure that there aren’t too many onerous exclusions.
Motley Fool: How Not To Get A Mortgage
This is a true story, about how a friend’s nephew was almost driven to penury in his quest for a mortgage (I’ll just call them “nephew” and “uncle” to protect their privacy). Nephew’s mistake, common to many, was to seek the services of one of those mortgage salesmen who masquerade as financial advisors (you know, the kind who work on commission and who make more money the more expensive a deal they sell you).
Motley Fool: Why Packaged Accounts Aren’t Worth It
I’ve never been a big fan of so-called ‘packaged’ bank accounts. These are current accounts that entail you paying a monthly fee in return for fringe benefits such as ‘free’ annual travel insurance, car breakdown cover, discounts on package holidays, free card protection and mobile phone insurance.
MoneyExpert: Brits Spending More Loans On New And Used Cars
Brits will spend £36.4 billion on purchasing new and used cars this year, or 4.5 per cent of disposable household income, according to new research.