Tesco Value Car Insurance

With rising motor premiums many insurers are introducing simple or stripped out policies. One such alternative is Tesco value car insurance. Below we have provided all the key facts about this offering:  

Designed to keep the cost of your car insurance down Tesco claim their policy is cheaper because there is:

• No windscreen cover included &
• No stereo cover included

You can also earn Tesco Clubcard points on your premium. Other benefits include Multi-car discount if someone in your home is already insured with Tesco and Up to 50% discount for named drivers when they take out a policy with of their own with the company. Plus add the following features to your new Value Car Insurance policy:

• Motor legal protection
• Protected no claims discount

And no, it dosen’t stop there! You’ll also get:

• Exclusive discounts with Nationwide Autocentres
• 15 Point Car Safety Check included
• 15% off a full car service
• 10% off on all mechanical repairs

Budget Car Insurance - Giveaway!

Hurry, hurry, hurry -

Every day in July Budget car insurance are giving away a free motor insurance policy!

The insurer are giving away a car insurance policy EVERY DAY throughout July. Entry into the draw is automatic when you take out a car insurance policy with BUDGET, online only. Each prize consists of a refund of your current policy - up to a maximum value of £500.

Entry Requirements and Restrictions
Entry is open to UK residents excluding employees of the BGL Group, third parties involved in this promotion and their families.

Entry to the draw is between 1st July and 31st July 2008 and is automatic when taking out a car insurance policy with BUDGET, online only. Alternatively, for free entry into the draw, send your name and address to Sophie Levings, BUDGET Insurance, Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Entries submitted in any other manner will not be accepted and only one entry per person is permitted.

• Entrants must be at least 18 years of age. 
• Entries from third parties will not be accepted.

Student Car Insurance Guide

It’s high time we brought our readers an updated guide to student car insurance. We have scoured the net to bring together all the best resources and latest information on where to find the best value deals.

A great place to start would be the National Union Students (NUS). The Union have long had a partnership with Endsleigh Insurance - the only insurer recommended by NUS. In fact the relationship stretches back for over 40 years, enabling Endsleigh to use their expertise to develop great value motor premiums:

• BEST price from Endsleighs panel of 40 car insurance schemes
• FAST claim turnaround
• 90 day European cover included

Lastly a reminder of the diferent levels of car insurance from which you can choose, why making your No Claims Bonus a priority is a must, and a last but not least reminder of the legal requirement for Road Tax!:

Third Party Only Car Insurance
This is the lowest level of cover available and is therefore often the cheapest. However, it is important to note that it will not provide you with cover for the costs of loss or damage to your car or belongings. By selecting this level of protection you are choosing the minimum level of cover for your vehicle as required by the Road Traffic Act 1988.

Third Party Fire & Theft Car Insurance
Adding fire and theft will provide protection against damage to, or loss of your vehicle due to it being stolen or set on fire.It also possible to include cover for legal fees in case you require a solicitor to represent you.

Comprehensive Car Insurance
If your vehicle is valued at over £5,000 then, by law you must have comprehensive cover, thus the majority of motor policies sold in the UK are of this type. Fully comprehensive motor insurance will cover everything as in a standard Third Party Fire and Theft (TPFT) policy with the addition of Accidental Damage.

No Claims Bonus
No Claims Bonus (NCB) is extremely important for reducing your student car insurance premiums. A NCB of five years or more, for example, can entitle drivers to a reduction of up-to 55-75% over the standard policy premium!

Road Tax
If you use or keep a vehicle on a public road, you must display a valid tax disc on it. As the registered keeper of the vehicle you’re responsible for taxing it or making a SORN (Statutory Off Road Notification) if it’s to be kept off the road.

Swinton Specialist Car Insurance

Swinton car insurance always deliver a competitive quote for motorists across the UK by searching the top UK car insurance companies. They can save you money by offering you up to a massive online 25% discount. However, not alot of people realise that they can also help if you drive a specialist classic, performance, modified or imported vehicle.

The company can help if you have unique requirements. Their specialist team are dedicated to getting a great deal for you. They understand the market and will recommend the policy that best suits you.

In particular if you have a car with modifications. Unlike many insurance companies, they can arrange like for like cover for modifications and it won’t always affect your motor insurance quote. Swinton will consider every vehicle that’s modified and do their level best to deliver a great value quote.

More Than Launch Green Wheels Insurance

More Than Car Insurance have recently launched their new Green Wheels Insurance policy. It is a new product which allows you to view and monitor reports on your driving style and compare it with other drivers - to see how green your driving really is.

Green Wheels aims to help UK motorists drive their vehicles in an eco friendly manner, thus saving fuel and leaving less carbon footprint.

The technology for this car insurance scheme uses Formula 1 technology in a Green box which simply plugs into the car’s management system and then records all of the driving habit data such as acceleration, breaking and number of short distance car trips. The data gathered is then transmitted to Morethan’s Green Wheels website where existing car insurance customers can access an array of reports on their driving through secure methods.

Bridget McIntyre, CEO at Royal & Sun Alliance commented ”We have created MORE TH>N Green Wheels Insurance to give our customers the opportunity to take responsibility for their carbon ‘tyre-print’. It helps people to understand how their driving style affects the environment by giving them access to information such as their rate of acceleration and braking, the number of short journeys they take and how long they leave their car idling.

This exciting new product is part of our commitment to the Together campaign which believes that, by offering customers positive environmental choices, large companies can make a real difference in the fight against climate change - you can find out more at together.com.

Women Car Insurance - 90 Second Guide

Part of our continuing ‘90 Second Guide’ series, we deliver a short but informative piece on getting the best women car insurance deal.

Today their is a number of leading insurers who specialise in providing cover for lady drivers. Backed by big marketing budgets companies such as Diamond, Sheilas Wheels, Cover Girl, Women on Wheels and Lady Insure, to name a few.

Instinctively many women will head straight for one of the above to obtain a new or renewal quote. Whilst there can be no doubt that these niche providers often deliver competitive quotes, it is wise not to forget mainstream insurers such as Direct Line, churchill, Privilege, Tesco and Budget among others.

Regardless of who you turn to to get the best deal, there are a number of factors that can help to put you in the driving seat for lowering your premium.

Statistically the majority of car insurance claims made by women are for relatively minor accidents when compared to their male counterparts. This is due to a number of factors such as women driving shorter distances, lower annual mileage, driving more slowly and a generally more cautious approach to driving. Women claim less on their policies than men, and are responsible for far fewer driving convictions. Hence most insurers will provide discounted rates to women drivers.

Aside from the above it is imperative that all lady motorists SHOP AROUND for the best deal. Certainly give the niche providers such as Diamond and Sheilas Wheels an opportunity to quote but also check out consumer favourites such as Budget and Tesco for (normally) ultra competitive quotes.

Back to…… Budget Basics

Yesterday I stumbled on a product I knew nothing about, let alone knew even existed! Welcome to Budget Basics, part of the privately owned UK BGL Group.

Nearly all readers of the Homeapproved blog will be familiar with Budget Car Insurance. In fact the insurer is featured on our Top 5 Car Insurance Companies, as consistently returning some of the most competitive motor quotes in the UK.

Budget Basic was launched in March 2007. This innovative product is designed to capitalise on changes in the personal insurance market. It is the insurance equivalent of a no-frills airline. Designed specifically for use on price comparison sites, it offers significantly cheaper insurance for key customer segments who are highly price-driven.

That’s about it in a nutshell! You can learn more about this product from the main Budget insurance website.

Norwich Union Scraps ‘Pay As You Drive’ Policies

The Independent today reported that Britain’s biggest insurer Norwich Union has withdrawn one of its flagship car insurance policies less than two years after its launch.

The “Pay As You Drive” scheme used satellite technology and aircraft style black boxes to log details of all journeys, meaning lower bills for those who drive less often or in daylight only. The data was used to offer cheaper motor premiums to drivers who avoided high-risk periods such as rush-hour and late at night. A great concept, however….. 

Norwich Union says too few customers had signed up for the policy, blaming a slow take-up rate of the technology among car-makers. A spokesperson for the company said “We are pausing Pay As You Drive and transferring existing policyholders on to more traditional products.” “The indication we had from the motor industry was that they (motor manufacturers) would readily adopt telemics boxes. That would have reduced our costs. But it hasn’t happened.”

It seems the provider also overestimated the response from consumers. In 2006, when it was launched, Norwich Union had hoped that 100,000 boxes would be installed. Today, that number is understood to be about 10,000. Concerns over the tracking capabilities were a sticking point as cars with the system were constantly tracked via satellite. Questions were raised over invasion of privacy and the use of the data generated from monitoring the movements of a registered vehicle.

“The big-brother element of Pay As You Drive, particularly the ability to see how fast someone drives, put a lot of potential policyholders off,” said Peter Gerrard, the head of insurance research at the price comparison site Moneysupermarket.com.

The policy charged drivers between 5p and £1 per mile depending on when and where they drove, particularly during rush-hour or at night. This made it more popular with younger and occasional drivers.

But the insurer admitted that policyholders may have to pay more for insurance as a result of the move. “The nature of the Pay As You Drive policy means it is not possible to match the premiums policyholders have enjoyed. However, the information we have about usage will us help find the most appropriate alternative policy,” the spokesman said.

Norwich Union’s withdrawal from the pay-as-you-drive insurance market will also have a knock-on effect on Government plans for road-pricing systems, which have unofficially relied on insurance companies to road-test tracking schemes.

Motor Insurance - Driving a Hard Bargain

A familiar old topic of discussion, however one which is sensible to reiterate to our readers.

Lowering your car insurance premium (without reducing the level of cover) should be the goal of every motorist. There are three factors which make a big difference to the price you pay for your motor policy:

1. Age
2. Gender
3. Your address.

Unfortunately, besides moving house (and postcode area) there is nothing you or anybody else can change about the above. So, what we need to focus on are the factors insurers use when determining your premium - that we can do something about.

1. Shop around! Approximately three quarters of all drivers will renew with their existing insurer. No, no, no! By all means if you are happy with your current insurer - stay with them - but only after considering quotes (with like-for-like cover) from othe providers. It could save you 25% over your current premium! 

2. If you haven’t previously considered buying your new policy on the internet, then now is the time to take the plunge. It could mean savings of up to 15%. 

3. Choose your new vehicle with care, with one eye on the car insurance group the car will fall into. Each group is assigned a number from 1 to 20, enabling each vehicle model to be accurately banded with cars of similar characteristics. The insurance group number rises according to relevant engine size, and performance of the car. The higher the insurance group the more relatively expensive it is likely to be to insure the vehicle!

4. Where do you leave your vehicle overnight? Garaging your car or parking off-street could cut your premium by up to 10%.  Insurers will also take into conisderation if you fit a security device such as a steering lock or immobiliser.

5. If your car is of low value consider taking out third party fire and theft insurance as against fully comprehensive cover. 

6. Insurance companies spend millions of pounds every year on expensive television, newspaper and glossy magazine advertising.  Be wary of extravagant claims for a lower premium and generally sceptical over specialist insurers, who claim to offer the best deal just because they serve only a particular niche of the market. 

7. Consider the savings and cover levels offered by policies such as Norwich Union Simple Cover, or Pay As You Drive car insurance.

8. Young drivers are traditionally hammered when insuring their vehicle. Unfortunately insurers are unlikely to devise a policy which significantly undercuts what is already available. One option if you are in your teens or early twenties could be to piggyback on your parents’ motor insurance.

9. Spreading the cost of your policy using direct debit over 10/12 months can seem like a sensible option. However, most insurance companies will charge you extra for the privilege. Where possible always pay your premium in full.

10. HAGGLE for the best price - If you don’t ask you won’t get!

Young Driver Education & Training

The Driving Standards Agency (DSA) and the Department for Transport (DfT) recently put out a consultation paper seeking views on wide-ranging changes to driver education and testing.

Safex 2008, the biannual two-day Driver Education World Conference, recently took place in London for 200 delegates from all over the world such as long-term driver education practioners, and researchers, mainly academics. Both groups agree that basic car control can be learned well enough by most people to pass a driving test, but it is their failure to apply what they know that causes 90 percent of accidents thereafter.

Most young male fatalities are traceable to over-confidence, distraction, frustration, poor observation, revenge, competitiveness, showing-off etc, and these are psychological, not technological or physiological issues. These inexperienced drivers lack awareness or responsibility, usually both, and it is this that coaching seeks to address.

The Goals for Driver Education Matrix (GDE-Matrix), which is now being quite widely used, distinguishes four levels of learning: 1. vehicle controls and manoeuvring skills; 2. mastering the variety of traffic situations; 3. current journey-related attitudes and behaviours; 4. engrained lifestyle and risk-seeking attitudes.

Source and further reading: Telegraph Motoring