April 5th, 2011
Teen drivers are becoming fewer and farther between and while that may be helping many parents to breathe a sigh of relief, it does not mean that insurance companies are okay with the move. The drop in teen drivers comes from various sources.
- Many parents are restricting teens from driving due to safety concerns.
- Some states are enacting stricter laws that are just going into place that are requiring teens to be older before they can drive.
- Teens just have not had the financial ability to pay for driving abilities, whether insurance is the factor or buying a car.
Regardless of why this is happening, it is clear that fewer teen drivers are behind the wheel.
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Tags: Fewer, Insurance Companies
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April 3rd, 2011
The young drivers can compare car insurance quotes and save up to 60% on their car insurance premium. The no claim bonus is usually of 30% for the first year and with coming years the no claim bonus rises to 60%. The young drivers can get no claim bonus by reducing the number of accidents by their side and a well maintained car can ease your task.
The motorists can lower the risk of accidents and also the insurance premium by spending some money on their car. The cheap car might seem reasonable for short term but in long term they prove to be more expensive in long term
The cheap cars have poor headlight so while driving in night the driver can not easily focus on road and the chances of any accident increases.
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Tags: Car, Insurance Premium
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April 3rd, 2011
We all know that if you get caught speeding you can expect to pay a fine, but do you know how much a speeding conviction can cost you in the long-term? Driving above the speed limit obviously puts other road users and pedestrians at risk, but it can also have a major impact on your car insurance premiums, according to moneysupermarket.com.
Its research reveals that drivers caught speeding could see the cost of their insurance premiums soar by as much as 54%.
Whether you’re someone who has already been convicted for speeding, or you’re simply looking for ways to lower the cost of car insurance, we take a look at some of the ways you can reduce costs – as well as the financial impact of having points on your licence.
Points don’t mean prizes
A driver with six points on their licence could expect to pay 19% more for cover than someone with a clean licence.
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Tags: Speeding, Speeding Convictions
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March 25th, 2011
While the fuel duty reduction announced in the Budget may have brought some relief to young drivers, for many the cost of motoring remains unaffordable due to steep insurance premiums. Motorists in their teens or early twenties pay substantially higher premiums than older drivers because they are considered higher risk by insurers. According to the Driving Standards Agency, in the UK, an 18-year-old driver is more than three times as likely to be involved in a crash as a 48-year-old.
But now The Co-operative Insurance has become the latest insurer to launch a policy specifically for young drivers, which promises lower premiums if the policyholder can demonstrate that they are responsible on the roads.
Here, we look at how the policy works and whether it could be right for you…
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Tags: Drivers, Young Drivers
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March 25th, 2011
he recent survey reveals that most of the UK motorists compare car insurance quotes to get reasonable insurance deal but act dishonestly when damaging other’s car. If the damages are not much obvious then most of the motorists will like to run away.
One out of five motorists will not like to give details if he damages the parked car. The car owners decide to give their details depending on the car type they hit. The hot hatch car owners need to worry, as the people do not like to leave their details if they hit cars like Golf GTi.
The older motorists were found to be honest during the survey while women were also slightly more honest than their male counterparts. P
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Tags: Insurance, Insurance Premium
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March 20th, 2011
In the car insurance supermarket, the British drivers are found not to take any kind of environment favouring changes in their car or driving habit until it helps them to save financially. The British drivers are not found to be as environment friendly as their European counterparts.
According to a research, the British drivers drive more frequently than European motorists but still European drivers are greener than British one. The attitude of British drivers towards environment friendly behaviour is not as advanced as seen in their European counterparts.
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Tags: British Driver, Insurance
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