An investigation has shown that getting car insurance 21 days before the new policy starts could save you hundreds. Money Saving Expert analysed over 18 million quotes from January to May, after requesting data from Compare The Market, Confused and MoneySupermarket. And it revealed that quotes can shoot up if you look too early or too late, with the optimum time being 21 days before the new policy starts. "A typical policy would cost an average £1,156 on renewal day, but £589 three weeks earlier," the research states. Money Saving Expert founder Martin Lewis said: "Car insurance pricing is based on a mix of 'actuarial risk' and which section of the market is targeted. "To find the risk they look for patterns, and we've uncovered that one of those is how early you get a quote before renewal. "To avoid being a last-minute loser, everyone with car insurance should, at the very least, put a note in their diary 25 days before renewal to sort it within a week." More tips on … [Read more...] about Why getting car insurance 21 days ahead can save you £100s
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CAR insurance is a legal requirement so you are protected, as well as other road users, when an accident happens. Celebrity Katie Price has recently found herself in hot water after she was spotted driving while banned. What is the penalty for driving without car insurance? The 'continuous insurance enforcement' rule and the Road Traffic Act of 1988 say all cars have to be insured with at least third party cover if they're used on roads and in public places.You must have at least third party car insurance if you want to drive a vehicle on the roads in the UK. The driver, not the car, has to be insured. Since 2011 it’s been against the law to keep a vehicle without insurance unless it has been declared off road via a DVLA SORN. It is also an offence to cause or permit someone without insurance to drive a vehicle without insurance. So if you allow a friend or relative to drive your vehicle and they do not have insurance, you will commit the offence of permitting them to drive … [Read more...] about What is the penalty for driving without car insurance? How many points do you get on your licence and what is the fine?
Some car insurance premiums make sense. For example, if you live somewhere with more car crime or have a more expensive cars, you pay more. But then there are things that companies use to set your car insurance premium that are a lot weirder. For example, insurers have worked out surgeons have more accidents where they were to blame than any other profession and building society clerks the fewest. They know Virgos were worst for accidents last year, but Pisceans had more convictions. That means they will up your premium based on age, sex, job, post code and where you park park as well as what you drive. But insurance providers don't have to have to have it all their own way. Here are six ways to get cheaper car insurance. 1. Use the right job title If you describe yourself as a “chef” when filling in your car insurance application your average quote is £98 higher than if you write “kitchen staff” comparison site GoCompare.com found – and it’s … [Read more...] about How to get cheap car insurance quotes
Motorists are being blocked from taking advantage of new laws giving them control of their data to get better deals – because Britain’s biggest insurers are unable to process it. GDPR gives consumers far greater control over the way financial institutions use their personal data, including the right to request any information a firm holds on them. This could include data on driving held by car insurers gathered using a telematics device, commonly known as a “black box”. Experts say this information could help drivers get cheaper car insurance, if it proves they are a safe driver, but so far, despite preparations for GDPR beginning several years ago, companies have been overtaken by the law. ... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week … [Read more...] about How GDPR data law could help you get cheaper car insurance
According to recent reports, the cost of insuring a car dropped this year. But before you put out the bunting and start celebrating, motor insurance is still at almost record levels. I’m always being asked about motor insurance problems – from scooters to caravans as well as cars. Yet weirdly, people are often really reluctant to make a complaint about a claim that hasn’t been resolved to their satisfaction. So just for the record, your insurer can’t punish you for complaining about a claim! Read More Car insurance: What you need to know Here’s a short guide to the main problems in my postbag: Repairs - Resolver has so many complaints about garages we’ve got a separate category for them! Check your policy to see if your insurer gives you the cash for a repair or insists on arranging it through one of their mechanics or garages. If they authorise the garage, they’re responsible for problems with the repair. Non-disclosure - A fixture on … [Read more...] about Why you need to make an (official) complaint about your car insurance