Will we look forward to double digit increases in premiums in the new year?
What does the future hold for smartbox technology?
Car insurance FRAUD – Do you know how much this adds to your premium every year?

Click through and read on……………

This company specialises in driving down the cost of motor insurance in the UK. Great, competitive quotes for all driver and vehicle combinations, espeically for young drivers NOT looking to pay over the odds for their next policy!

1st Central Insurance provides cheap car insurance quotes and a high standard of customer service. Their UK based call centre is on hand to help you with your new motor quote. Policies can always be tailored to your specific requirements.

One way in which 17-25 year olds can reduce the cost of their car insurance is to prove how safely they drive! You might be a young but very careful driver who is paying through the nose for others driving dangerously.

The Co-operative Insurance for young drivers is ideal for young drivers between 17 and 24 and for parents of young drivers. It aims to help reduce insurance premiums through responsible driving. When a policy is taken out a Smartbox (black box car insurance quote) is installed in the driver’s car. Features and benefits of the Co-op Black box car insurance:

• Smartbox is small and compact.
• It’s installed out of sight inside the vehicle.
• It won’t interfere with the performance of the car in any way or affect the manufacturer’s warranty.
• It’s compatible with most makes/types of car.
• It collects driving data and sends it to your online dashboard, which helps The Co-Op review your premium.

Essentially this is a ‘Pay How You Drive‘ car insurance policy. Young drivers can reap the rewards for safer driving and not paying for the mistakes of other drivers in their age group. Claim additional safe driving discounts upto 11% and benefit from quarterly premium reviews based on safe driving. Driving score is based on speed, cornering, erractic driving & times driven.

Good idea or bad idea, the debate rumbles on. Here we focus on the policy Admiral Multicar Insurance.

If you have more than one car in your household then Admiral claim to be able to save you money on you premiums by covering both vehicles under one policy.  Not only will you save time and effort in organising two separate policies but multicar can deliver several benefits also. Multiple cars insured with differernt insurers mean multiple renewal dates – not with Multicar!

Importantly the company deliver a price guarantee for additional cars. When you get a new quote and tell Admiral about any other cars in your household they will give you a price for the additional car(s) which is guaranteed if there are no changes in your circumstances.

Admiral has always endeavoured to offer innovative and quality car insurance solutions to motorists throughout the UK. Whether their Multi-Car policy delivers what you require – well you can only find out by getting a new quote!!!

Well you wouldn’t want your renewal premium to go up – would you!

Continuous Insurance Enforcement (CIE) will become law in the UK, making it illegal to own a vehicle without it being insured (unless it’s registered as off the road with the DVLA – see below). You will sometimes see this being referred to as Laid Up Car Insurance.

The law seeks to address the rise in the number of uninsured vehicles on the road. According to the ABI, it’s believed that uninsured drivers add around £30 to the average insurance policy.

The most obvious to be affected are those with convertible cars and motorbikes, who may use them only during the warmer months and insure them only when in use. It also means that insurance is needed from the renewal date, regardless of whether the car or bike will be used or not.

The new vehicle insurance law – don’t be caught out
If you’re the registered keeper of a vehicle, it must be insured at all times.

The exceptions are:

• if you have made a SORN for the vehicle
• if your vehicle has been kept off-road since before SORN came into force on 31 January 1998 – unless it was brought back into use
• if your vehicle is recorded as stolen, passed or sold to the motor trade or between registered keepers
• if your vehicle is recorded scrapped or permanently exported by the Driver and Vehicle Licensing (DVLA)

The continuing battle between Sainsburys and Tesco for our groceries pound has spread into the cut throat world of motor insurance. Whilst many shoppers show loyalty to one or the other of these two heavyweights, one imagines that brand loyalty is going to be tested to the full in the UK  insurance sector.

The Tesco Car Insurance offering plays on the image of the comnpany as delivering excellent value for money. In addition the company incorporates offers for Tesco Clubcard holders (in our opinion, the most successful loyalty card scheme).

Hot on the heels of Tesco motor insurance is the recently re-launched Sainsbury’s car insurance. Central to the re-worked offering is the partnership with RBS Insurance and the promises to give customers a saving of about 15% on premiums in the form of Nectar loyalty card points.

With the average price of motor insurance in the UK having risen by about 30% to £815 in the past 12 months it’s clear that both these two mighty organisations see the potential in delivering incentives to motorists that utilise possible savings through other parts of their business i.e. Buy our car insurance and get cheaper fuel or clubard vouchers for money off cineworld tickets!

Whilst fighting each other for the insurance pound it is clear their is also an opportunity to take business away from high street banks and specialised insurers, both of which have a somewhat tarnished reputations from the banking crisis (fiasco) and the spiralling costs of insurance! It will be interesting to see how it plays out – our money is on Tesco!

This concept from Co-Op has the objective of reducing motor premiums for young drivers who are tired of receiving outlandish quotes for new policies. These drivers quite rightly argue that they are safe drivers and should not be penalised for other youngsters who drive dangerously.

Think of Smartbox as a ‘Pay-How-You-Drive’ technology and you will be getting very close to the thinking behind this innovation from The Co-Operative. Smartbox was created by Cobra Limited – experienced in-car technology specialists. When you take out a policy with the Co-Op one of their network of professional installers will fit Smartbox into your car.

So attention all ‘SAFE’ young drivers then – if you are tired of motor quotes for your vehicle which are too expensive take a look at Co-Op Smartbox for a viable alternative. Beware though if you say you are a safe river then you need to be true to your word to get maximum benefit!

*Based on online research during February 2011 from Consumer Intelligence. 10% of consumers could achieve this saving with Churchill.

Go check it out and see if you could save money on your new motor insurance!