In the UK, every model of car has an Insurance Group Rating that helps insurance companies to calculate premiums. The groups are set by the Group Rating Panel, (made up of members from the Association of British Insurers and Lloyds Market Association) which meets every month. However, their ratings are purely advisory – insurance[…..]
Read moreThird Party The minimum level of cover you need to legally be able to drive on the roads is called ‘Third Party’. It used to be the cheapest type of insurance but now bizarrely fully comprehensive policies can often be cheaper. Never assume one costs less than the other; quote both. Third Party covers you[…..]
Read moreCar insurance prices are on the rise, with the AA reporting that the average driver is now paying £892 per year for a policy. This is an increase of 40% over the previous 12 months. These average prices mainly reflect the disproportionately high premiums offered to young and inexperienced motorists who are deemed to[…..]
Read moreHere’s a few general tips when buying car insurance. 1. Don’t lie Don’t even be economical with the truth. It might result in a cheaper insurance quote now, but if you ever need to make a claim and they discover that your 1.6 litre car actually has a 2.0 litre engine, your insurance will be[…..]
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