Cheap car insurance – three words that bring joy to so many people these days… but also three words that cause problems in certain other areas. Much like airlines, car insurers are looking to make up costs elsewhere and one particular area that has been identified is policy administration. Consumer group Which? has found that around 70% of insurers have actually levied charges on individuals that want to change any details of their policy prior to renewal. It may mean that changing a policy to cover another car, changing an address or removing a driving conviction actually costs you an addition fee on top of your regular premiums.
So can those companies offering cheap car insurance deals do this and levy charges for policy administration? Y
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Does the title of this blog post sound appealing to you? It would do if it meant that you were to get £50 from your cheap car insurance company but unfortunately that is not what it is referring to. Instead, that is exactly how much you are going to be expected to pay extra as a result of the dishonest drivers out there. We all knew that the increasing number of fraudulent claims would eventually put premiums up but when you realise just how much the increase will be it suddenly makes it real.
As an honest driver there is very little you can actually do to prevent the extra £50 being added to your premiums but you can make sure that you keep your own premiums down by being responsible on the road and building up a little no claims bonus. I
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An article about a recent study on drivers over the age of 55 caught my eye today. The findings were interesting but it was not that as much as the cheap car insurance statistics that were revealed as a result. The study determined how concerned various groups of drivers were about road rage and found that the over 55s were more concerned than individuals in other age groups.
It also revealed that 91% of comprehensive car insurance policies do not cover road rage and 92% of those do not cover car jacking either. A pathetic 9% cover both. As a result of this, you could find that you are unfortunate enough to be the victim of road rage or car jacking and sustain extensive car damage and yet you will not be covered.
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