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eGroup
Motoring & Insurance News January 2009 edition
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Car
insurance could be 10 % dearer by 2010
New research has shown that car insurance premiums are on
the rise across the UK.
Data
from the AA British Insurance Premium Index shows the average
cost of an insurance premium has risen by 2.9 per cent since
October. Furthermore, the study shows that the average premium
now costs £721.66 - the highest ever recorded.
The current financial situation means there could be further
increases on the way, according to director of AA Insurance
Simon Douglas. "Capital is also scarce within the current
economic climate and some insurers will need to respond by
reducing the amount of capital they have tied up in their
business," he explained. "This will also put upward pressure
on rates. I expect average quoted premiums to have risen by
ten to 12 per cent by this time next year."
Drivers
may be more encouraged to look for cheap car insurance after
a year of financial turmoil. A Buxton woman was recently fined
after supplying false information to a car insurance provider
in order to receive a cheaper quote, according to the Buxton
Advertiser. Not only is this practice illegal, it can invalidate
a driver's insurance policy
Source:
eCar
Insurance 16-1-09 Back
to top
__________________________________
The
costly mistake of lying to motor insurance companies
The need to be honest when dealing with car insurance companies
has been underlined by the story of a Buxton woman who lied
in order to get cheaper car insurance.
While
giving false information may get drivers a cheaper quote,
the policy is rendered invalid if the details given are incorrect.
Furthermore, the practice is illegal, and Donna Louise Carline
found this out to her cost after applying for online car insurance
in her partner's name.
Ms
Carline failed to tell the insurance company that her partner
was suspended from driving at the time and a court recently
fined her £175, according to the Buxton Advertiser.
The
chairman of the bench, Eileen Minchin, explained that Ms Carline
was been punished for deliberately attempting to mislead her
insurer. "You deceived the insurance company about your situation
and your partner's situation," she told the offender, according
to the newspaper.
Manchester United star Cristiano Ronaldo will be thanking
his lucky stars he had motor insurance on his £200,000 Ferrari
after he crashed it last week. Sadly, the Portuguese winger
can do nothing about the parking ticket slapped on his £137,000
Bentley in Manchester recently. According to Manchester Evening
News, the superstar will be unconcerned by the £70 ticket,
considering he earns £12 every minute
Source:
eCar
Insurance 16-1-09 Back
to top
__________________________________
How
using European car insurance can help you at work
British
drivers fed up with the credit crunch and financial pessimism
of the UK may look to escape on a driving holiday across Europe
this summer.
With
budgets tight, a driving holiday would allow those with European
car insurance cover to take advantage of the cheaper fuel
prices across the continent and enjoy some well-earned sunshine.
According to an expert from Abta - the Travel Association,
Brits who are heading abroad tend to work harder in the run-up
to their trip.
Frances
Tuke explained that UK workers have the highest number of
working hours in Europe and those heading overseas look forward
to the sun so much that they have extra motivation to do well
at their job.
"People
need holidays to take a break from the pressure but also spend
valuable time with their loved ones and families which they
would not be able to do in a normal working week," she said.
Using
European car insurance to see countries like France, Spain
and Italy could be a cost-effective way of taking a well-deserved
break. Abta recently stated that two thirds of Brits get a
huge emotional high from summer holidays.
Source:
eCar
Insurance 15-1-09 Back
to top
__________________________________
Somerset
County Cricket Club
With
the start of the first class cricket season less than three
months away, preparations at eCar sponsored Somerset County
Cricket Club are well on schedule, both on and off the field.
England Ashes hero Marcus Trescothick has been appointed as
the Somerset vice-captain for the 2009 season, something he
is delighted about.
"I
am thrilled at the prospect of taking on more responsibility
at Somerset. Now that my benefit year is over I can look forward
to the rest of my playing career and I want to get involved
at the club as much as possible".
Membership
for 2009 is now available from as little as £100 by calling
the membership hotline on 0845 337 1875 during office hours
or by logging onto www.somersetcountycc.co.uk
24 hours a day.
Source:
eCar
Insurance 15-1-09 Back
to top
__________________________________
See
also:eGroup
Motoring & Insurance News November 08 - Motorists told not
to go without car insurance and more news stories......
March
2008: e-group insurance
products are now available at jml Insurance
__________________________________
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