Vehicle Insurance and How Britain is a Bargain Hunters

Recent research by the Fair Investment Company has come to the conclusion that most Brits are bargain hunters when it comes to choosing the right car insurance deal. 

The study found that over 57 per cent of those UK motorists quizzed named price as the most important element of securing cover on their vehicle. 

The level of cover was deemed much less important, with only 19 per cent viewing it as the crucial aspect of selecting a policy.

James Caldwell, Fairinvestment.co.uk's director, said: "Motorists should be careful choosing their car insurance by price alone, the cheapest car insurance is not always the best and there are other aspects to be taken into consideration.

"I would advise anybody shopping for car insurance to compare deals not just on price but also policy features, some of which may be outlined in the small print."

Some two per cent of participants in the survey named breakdown cover and a no claims bonus as the part of a deal most important to them.

So what can you do to join these money saving motorists?

The best advice is to shop around for your policy. Price comparison sites such as money extra and moneysupermarket.com are the first stop when looking for a new deal.

Moneysupermarket.com, for instance, found that the cheapest car insurers were Kwik Fit and Swiftcover with an average premium of £276.74.

Quinn-Direct and the RAC were named third and fourth best with average premiums of £282.80 and £289.59 respectively.

Peter Gerrard, head of insurance research at moneysupermarket.com, said that although cost should be a primary concern it is also imperative that motorists consider how appropriate the policy they opt for is for their specific needs. 

He said: "While cost is a major factor, motorists should make sure they get cover most suited to their needs. It is always worth looking at multiple-person cover, excess levels and breakdown cover within insurance deals.

"There is nothing stopping drivers from changing their insurer each year and always taking advantage of the most competitive premium. There is no substitute for spending a few minutes comparing quotes online and finding the best deal for your needs."
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11.11  1 comment

Cheap Auto Insurance for New Drivers

The excitement of passing a driving test is quickly stifled by the new drivers and the reality of the cost of massive hits if you want to enjoy life on the road - especially on car insurance.

Research by Sainsbury's car insurance shows that 17 - 24 years of age drivers tend to pay more than £ 1,200 a year for car insurance. This is usually caused by the driving record than their peers - even though new drivers has only 10 percent of licensees are involved in 25 percent of crashes according to the Association British Insurers.

In 2008, several car insurance providers stopped providing citations to drivers 17 years in total - including high-profile provider Swiftcover and AXA. So how new drivers can find cheap car insurance?

The first thing is to shop around when you're a novice driver. Do not assume that your premiums will be reduced when a driver ceases to be provisional and are officially granted the license because throughout the learning process, accompanied by an experienced driver - something that can not rely on when you start driving on their own. Therefore, new drivers should find car insurance as soon as possible by comparing quotes online with a comparison website.

If you drive a cheap car - with a value of less than 500 pounds - then consider the adoption of a third party only policy. Although the coverage of these agreements will not be as complete, not worth paying for all risks cover if your car's value is minimal.

Think of the car you drive too - you will be punished if you drive a performance car to maintain its conventional option with a small motor. Add a parent to your policy as a driver by name and consider adding security devices such as a car alarm and immobilizer.
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11.06  3 comments

Swiftcover Car Insurance

Car owners who do not own a sports car or a luxury car assume that their car is not at risk of being stolen. But, those who think so should also understand that thieves can not only resell your vehicle, but they can sell it in parts. So, owners of normal cars do not give too much importance to insurance covers. 

There are several car owners who look for cheapest car insurance schemes, preferably those which are available online. Swift cover's car insurance is one among them. It is aimed at people who intend to procure cheap insurance schemes online. They try and keep their car insurance costs down, but are not always online. 

Swift cover maintains a database of users to whom they are not ready to provide insurance. Most of them in this short-listed group are drivers who are under 19, or over 75 years of age. This list also includes people who are in particular employment, like debt collectors, body guards, people who deal with scrap metal, and market traders. However, Swift Cover does not include much information about the actual standard of cover. They are only focused at letting the users know that they offer the cheapest service possible. 

With Swift Cover car insurance, you can manage to get a really low premium by protecting your no claim bonus. Further, to do this, you should have had no claim bonus for four years in a row, and they should not have had a claim against a protected policy for three years. Also, they do perform breakdown cover at a cost similar to that of large brands, though they do not offer an incentive to promote themselves. 

Also, like other internet only insurance services, Swift Cover also does not provide good customer service or call centers. They focus on cutting down expenses in terms of staff to provide you with affordable policies, but that makes the after sale service something not worth mentioning about. Another disadvantage here is that customers give more value to the after sales services that the insurance company provides on event of an accident, rather than the slightly lower cost that insurers like Swift Cover have to offer. This is actually one of the tactics of most insurance companies that call themselves cheap. They fail to understand that, being cheap means that they should provide the same level of service and care as the other insurance companies, at a much lower cost. But, when you pay less for a service like this, you are actually buying less for the money you give.
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10.53  1 comment

Car Insurance Quick Quote Via Your Mobile Phone

Danielle Fletcher 

Renewing car insurance can be a time consuming task. With the market saturated with a huge number of companies offering car insurance products, finding the best deal can mean lengthy searches and endless repeating of your personal information to the various brokers and insurers. 

This can be particularly frustrating if you only require a quick quote in anticipation of buying a car. Nowadays many people consider the cost of insurance before purchasing a new vehicle, as it can be significant proportion of the running costs. When out searching for a car, it might be helpful to get a quote as soon as possible in order to be able decide whether or not the car is going to be suitable. Now one company has come up with a solution to help car buyers get an instant quote. 

Swiftcover-insurance.blogspot.com, an internet insurance firm has launched a service which allows customers to get a car insurance quote via their mobile phone. In order to the use the service customers need to have a mobile phone with internet access. A link can be added to the phone provider’s website to make navigation easier, or a text message can be send which will direct the customer to the site. Once on the site a few questions need to be answered regarding the customer’s demographics and the car registration details. The site then will reply with a quote within one minute. This service means that customers can get an insurance quote at any time of day through their phones. This should make life a little easier when out car hunting, especially if deciding between two different vehicles. 

It is important to note that the quote provided via phone can only act as a guide, and further data will need to be inputted at a later date in order to get an exact quote. This is because the phone quote only relies on six pieces of data, whereas normally an insurance quote requires a lot more information. But it can act as a starting point for those who need a speedy indication of the insurance cost. 

However this service is not entirely new. Swiftcover-insurance.blogspot.com launched a text service similar to the mobile internet service back in 2006. With this service, customers were required to send a text message to the company which would then respond with a series of question. The quick quote would then be based on the answers to these questions. Swiftcover.com is moving with the modern day advances in technology and enabling customers to access quick quotes through a number of methods to suit them. Making life easier for the consumer is an important way of keeping their business. Once a customer has used the service to obtain a quick insurance quote, they might be more inclined to go back to the provider to obtain a full quote and ultimately purchase their insurance. In such a saturated market as the car insurance market is, any innovation which makes it easier for customers to choose the right product and car for them has the potential to be a hit.

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11.00  1 comment

British Motorists are Easy Pickings for Thieves

British motorists are easy picking for thieves, with a careless attitude towards leaving gadgets in their cars, according to online car insurer, swiftcover.com.

A recent survey of motorists found that despite the well-documented risks, a massive 96 per cent of British motorists regularly leave gadgets such as iPods in their cars, with one in three leaving them in full view on the seat or dashboard.  As a result, more than a fifth (21%) have had their cars broken into and their gadgets stolen.

In response, swiftcover.com, the UK’s only dedicated online car insurance company, has today launched a new insurance cover, offering motorists the option to cover their in-car gadgets when they buy car insurance.

“Sat navs, MP3 players, mobile phones and digital cameras are a thief’s dream,” says Tina Shortle, marketing director of swiftcover.com. “They are easy to snatch, easy to conceal and because they are desirable items, easy to sell on. A thief could be in a car and away with a pocketful of expensive kit within seconds. It’s a bonanza for our light-fingered foes.”

“We strongly urge drivers to take 30 seconds to check their vehicle and to lock their gadgets in the glove box or boot when parking, even when leaving their car unattended at a petrol station.  This little routine will ensure no gadget is visible,” Shortle said.

The research mirrors official police statistics which reveal a huge rise in gadget theft from cars.  According to the Metropolitan Police, the theft of sat navs from cars in London alone more than doubled (up 154%) between April 2006 and April 2007. Nationally, the British Crime Survey showed that there were over 1.2 million reported thefts from vehicles in 2005-6 and over seven per cent of vehicle-owning households experienced some type of vehicle-related theft.

For £28.50 for a year, swiftcover.com’s gadget cover includes theft and damage to gadgets in vehicles, providing a replacement if the item is stolen or damaged accidentally whilst within a car.  Items covered include mobile phones, PDAs, satellite navigation systems, MP3 players, safety camera locators, portable games consoles, digital cameras, camcorders and portable DVD players.

Traditional insurers which cover gadgets require proof of purchase prior to insuring an item, however swiftcover.com covers an unlimited number of gadgets, with customers only requiring proof of purchase when making a claim.  Therefore it is vital to keep receipts, especially as swiftcover.com’s survey found that only 26 per cent of British consumers keep proof of purchase of their gadgets.

Unsurprisingly, the theft of gadgets from cars is proving to be a costly business for consumers. Britons are Europe’s biggest spenders on gadgets, splashing out more than £11 billion (or £230 per adult) per year. With the latest iphone costing around £270, a basic TomTom costing £120 and a Palm Pilot costing around £230, just one opportunistic break-in can set consumers back by hundreds of pounds.

The survey found that mobile phones are the most popular in-car gadget (98%), while 35% regularly keep an MP3 player in their car; 38% have a satellite navigation system, 42% keep a digital camera and 15% keep a DVD player in their car.

The research also identified that people are confused when it comes to insurance for their gadgets.  40 per cent of UK drivers said they were unsure if their home or car insurance covers them for gadget theft or damage.
Read to other articles swiftcover car insurance

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10.54  1 comment

Recession Forces Drivers To Make False Claims on Car Insurance

The Bites from this recession seems to suppress the extreme lengthbecause some drivers have been caught falsely claiming on their car insurance to rake in cash.Based on research than Moneysupermarket.com, several ridershave been worrying admited for staging crash to claim on them carinsurance or already regarded as the staging of an accident. The study shows that more than one million people are desperate willconsider doing such a thing.But it's not fair to those policy owners who are honest. Fraudulent insurance claims cost the industry over £ 4,000,000 per dayaccording to the ABI. This is adding nearly 40 pounds of premiumper year on average are paid by the policyholder was not guilty.Plan a false claim but it could backfire, financing more money in thelong term. If you are found guilty for false auto insurance claim,'counterfeit mark' an official can be added to your license. This willallow your insurance for find out that you can not be trusted and themmost likely to stop offering cover. This sign will probably blacklist youin another car insurance company too, or leave you with just quote a very large car insurance.There are three types of car insurance fraud that are recognised in the motor insurance industry;Staged car accidents – 2 vehicles deliberately knock into each to claim on insuranceContrived car accidents – a fabricated claim for a car accident that didn’t actually happenInduced car accidents – a deliberate action by a driver that forces an innocent driver to crash into them – such as stopping suddenly so the innocent driver crashes into the back of them.As Steve Sweeny of moneysupermarket.com says ‘Organised motor fraud not only costs the insurance industry millions, but risks the safety of innocent drivers, passengers and pedestrians.Any motor insurance claim proved to involve an organised accident will be considered as fraudulent by an insurer, and is likely to have drastic, long-term affects on your motroing as a consequence’Read to other articles car insurance quick quote via your

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07.29  No comments

Insurance Quotes FAQs

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10.27  1 comment

When Driving Abroad will Sure You're Fully Insured

By Michael Challiner

Around three million British drivers head off abroad each summer to experience first hand the beautiful countries in Europe but regularly mistakenly assume that because they have fully comprehensive at home that they will outside the UK too.

Car insurance providers in the UK offer the minimal protection required by law in some EU countries, and that is road traffic accident cover. You may have fully comprehensive cover at home with top insurers like Admiral, Swiftcover, Direct Line, Barclays or Esure but your cover abroad is only third party, therefore any accidents costs will cover the third party not yours.

Head of insurance at Moneysupermarket.com, Peter Gerrard says that British motorists just presume they are covered. "Never assume you are covered abroad – always check your policy. It's very easy to think that because you have paid your premium, your insurance will be valid overseas."

All that is needed is a simple policy upgrade so that you have the same UK coverage whilst abroad. To cover a year, for all trips less than 90 days, Norwich Union charge £25, and Direct Line charge £19 for a 36 year old driving a Ford Fiesta. The RAC also charge £25 to increase cover per year.

Supermarket giant, Tesco, also do comprehensive add-on’s to UK insurance and also include legal advice and expenses, delivery of replacement parts, roadside assistance and recovery, a replacement vehicle while the car is off the road and help if the driver is ill. This costs £45 for up to 8 days, rising to £65 for up to 22 days. The larger insurers Barclays, Swiftcover, Direct Line and Esure will cover for up to 90 days for up to £23 and Admiral will do it for 30 days.

Other insurers, the AA, Churchill, Marks & Spencer, Endsleigh and the Post Office will all automatically upgrade your cover when you drive in Europe.

When you go on holiday you must always take your insurers details with you just in case you have an emergency and need to contact them.

You will need a green card from your insurer if your travels take you outside the EU. This is an internationally recognised document that proves that you are covered to comply with local legislation. There may be a nominal fee for issuing this card.

If you hire a car whilst abroad the cost will include fully comprehensive insurance cover but check the excess charge – it varies in all countries and can be as high as £1000. Insurance-4hire.com, specialists in this field, says that 4 out of 10 holidaymakers do not realise that they could be liable for these costs should they have an accident.

"If you rent a car you will automatically get insurance, but you should be wary of excesses. You might want to buy an excess waiver policy, where you pay a bit extra but then will not face an excess if you make a claim," says Mr Gerrard at Moneysupermarket.com.

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10.19  No comments

Marriage can Cut the Cost of Car Insurance

Author : Jennifer Scott 

With the average wedding now costing nearly £16,000*, tying the knot can lead to a big hole in your finances. However, getting married or entering into a civil partnership can actually save you money on your motor insurance!

According to online insurer swiftcover.com, adding your spouse to your car insurance policy can save you up to 20% compared to your singleton counterparts.

For example:

• A man adding his female spouse to his insurance policy could see his premium cut from over £388 to under £345 - if both drivers are male and in a civil partnership, the new premium would be around £348 because male drivers are considered a higher risk
• However, if a woman driver put her male spouse on her policy, the premium would fall from just over £341 to little more than £303 - the cost for two women in a civil partnership would also be around £303

Swiftcover says insurance premiums are cheaper because claims statistics show that married people are safer drivers. However, couples that aren't officially 'hitched' will also benefit from insurance savings, whether they are heterosexual or same-sex partners, although the savings won't be as high as drivers in a legally recognised partnership.

Tina Shortle, marketing director of swiftcover.com, says: "We're not suggesting that people say "I do" just to push down the cost of their car insurance, but many married couples may not realise that they can make significant savings by adding their spouses to their car insurance. It's also important to note that same sex couples in a civil partnership will also get lower insurance premiums and swiftcover.com's online quote system has been designed to enable drivers to add a spouse of either sex.

"The amount of savings will vary depending on individual circumstances such as the type of car, where you live, your job and your previous claims and motoring history. As long as your spouse is not particularly high risk you will see a saving - and although it may not help with the cost of the 'big day', over many years of wedded bliss it could amount to a substantial saving."

Shortle pointed out that insurance policies should always be in the name of the main driver - the person that drives the vehicle most often - with the spouse or partner as the named driver. Naming your spouse or partner, or indeed anyone else, as the main driver to bring the cost of premiums down further could invalidate your policy in the event of a claim if it is found that they are not actually the person that drives the vehicle most often. Likewise, incorrectly claiming that a named driver is your spouse could make your policy invalid if you need to claim.

As Swiftcover shows, adding your spouse as a named driver to your car insurance policy, whatever your gender or orientation can begin to save you money, with the following examples reducing annual premiums by an average of £38, which could add up to £380 over ten years.

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09.59  No comments

Motor insurance customers input false information when applying for cover online

Author : Victor Popescu

A study conducted by DVLA in collaboration with ABI revealed that  at least 17% of motor insurance customers produced false driving license information when applying for cover online. Their research concluded that 1% of those customers don't even hold  a valid driving license.

This fact influences other honest customers which have to pay higher premiums as a consequence. This research comes hand by hand with the initiative from regulatory bodies to grant insurers more access to their customer's driving licence data.

The new proposals will change significantly the on-line quote system as customers will no longer have to input their driving record details but will only provide their licence number instead. The insurers will then be able to obtain the customer's driving records,  prior to giving a quote , directly from DVLA database.

The move suppose to cut down fraud levels and as a result will lead to a decrease in insurance premiums.

Nigel Bartram, Aviva UK insurance motor underwriting manager , advises  that  it is crucial to keep the initiative moving faster as  the problem will become more acute when it becomes an offence to keep an uninsured vehicle next year.

According to the news of the initiative, around 10 % of applicants for Swiftcover insurance do not divulge all of their previous claims and that 60 % of the those customers do not renew their policies.

Because there was no real progress since the change of government in May, Trudgill will meet during this month with junior transport minister Mark Penning, who oversees DVLA, and will be trying to put pressure on him in order to be more dynamic in the project.

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09.53  No comments