Insurance

insurance

FCA find mis-selling in insurance

The PPI mis-selling scandal has dogged the banking world for a long time now, and bothered everyone with a variety of spam messages and mithering claims companies. You can of course, follow our guide and make your own PPI claims for free. Now, it looks like we might have another mis-selling scandal, thanks to the…

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Cut car insurance premiums

Cut car insurance premiums

Are you looking to save money on car insurance? There's ways you can do it, and we've got a raft of tips. Our pals over at loveMONEY spoke to car insurance broker Adrian Flux, in a bid to find out how much money can be saved, by making some simple changes, and the like. Drive…

Will a black box make your car insurance cheaper?

We've spoken about black boxes (or telematic devices) and car insurance before, but they're becoming more popular and helping to bring down the cost of drivers' insurance policies. According to some research, the number of these devices has risen by 40% over the last year. According to the British Insurance Brokers' Association (BIBA), there's now almost 455,000…

FCA to investigate life insurance firms

The Financial Conduct Authority has started an investigation into six life insurance firms, after they finished their report about how long-standing life insurance customers are being treated. In the words of acting CEO Tracey McDermott, it looks like "the practices at some firms appear to have been poor." Hardly the strongest of language, but it…

Haggling comes to home insurance!

Everyone knows that merely mutely accepting your insurer’s renewal is a recipe for ever-increasing premiums, and surely the idea of shopping around, and using comparison sites to find cheaper premiums is now more acceptable even in the minds of the most stalwart of insurance users. Yet in December the FCA announced proposals for new requirements…

Have AgeUK been pulling a fast one with insurance too?

The Age UK charity have been accused of not playing fairly, when it comes to promoting E.On deals to pensioners, when in fact, there might be cheaper alternatives. Now, the charity are looking at further criticisms, on this occasion, for selling insurance deals that again, are not necessarily the best for the people they're serving. Again, The…

Flood victims looking at council tax rises

People who have been hit by those dreadful floods are looking at further headaches, like higher council tax bills, according to the environment secretary. It has been said that councils should be raising council tax by £15 a year, to pay for flood defences, which of course, were previously reduced by David Cameron. This comes…

Car insurance, up £100 in a year

Figures show that the average cost of car insurance has gone up by over £100 in the past year, and false or exaggerated whiplash claims have added £50 to everybody's policies. This comes from AA Insurance, so say that the average price of insuring a driver for a year has risen by 20%, from £520…

Insurers say they're passing on whiplash savings

Insurers have been clamping down on false whiplash claims, and they say they'll be passing on the savings made from them, to their customers. The Government reckon that this could see annual premiums falling by £50. Now, hands-up if you trust insurance companies, and politicians for that matter, to make this actually happen. Either way, officials…

Insurance customers to get reminder of last year's premiums

You'll now be getting a reminder of the cost of last year's insurance costs when you're mailed about your renewal. The Financial Conduct Authority (FCA) have been worried that you've not been shopping around enough when it comes to home and car insurance, so this new rule is meant to help you make an informed…

Are you paying sneaky home insurance admin fees?

Home insurance is one of those necessary evil type things, but sometimes getting a quote isn’t all the information you need. Our friends over at Which!!! have undertaken an investigative foray into the sneaky admin charges some insurers levy on your policy after you’ve signed on the dotted line. Which!!! analysed the sneaky fees of…

Quick- buy your insurance now to save yourself £13

You’d better get your skates on as changes to Insurance Premium Tax (IPT) announced as a surprise in the summer Budget will add £13 to the cost of running a car and £10 for a pet's medical cover from Sunday, being the 1st of November. IPT is currently charged at 6.5% but will soon be…

And the item most stolen from homes is...

Insurance is big business, with a total of £77m paid out in insurance claims every single day in the UK, according to figures from the Association of British Insurers. But it's particularly big business here in the UK, as the market in our little country is actually the largest in Europe and the third largest…

RBS freezes home insurance premiums for three years as part of ban on 'teaser' rates

No one likes insurance companies, but they are a necessary evil and could save many tears (and ££s) should something go wrong. However, state-backed RBS group (which includes NatWest) have now come out with a controversial new policy of fixing insurance premiums for three years- as part of its move towards greater transparency and away…

Esure to drive up car insurance prices

Esure, out of the goodness of their own black hearts, have warned that they're going to whack the prices of car insurance premiums this year, which means all the other insurance companies will be following suit, no doubt. The reason Esure are doing this, is because their half-year profits have taken a hit, thanks to…