November 19, 2009
Nationwide offers car insurance discounts to current account holders
Story link: Nationwide offers car insurance discounts to current account holders
The Nationwide Building Society is offering discounts on its car insurance for its current account holders:
From earthtimes - Nationwide car insurance discounts:
Car Insurance
* 50 pounds off car insurance premium for quotes given from 1 November 2009 until 31 March 2010.
* The offer is available when eligible customers buy a new Nationwide car insurance policy and applies to the first year’s premium.
* The Nationwide car insurance product is rated 5 star by independent body Defaqto (2009) for the quality of cover.
It’ll be interesting to see how successful the Nationwide are with this, and whether other major insurers will start pushing on the upsell from other financial services into car insurance, and other insurance products, for that matter.
February 23, 2009
Motorists cut back on Car Insurance
Story link: Motorists cut back on Car Insurance
Motorists are choosing the cheaper option of Third Party, Fire and Theft, rather than fully comprehensive. The third party option will not cover the drivers own care, but will cover damages to any other vehicle.
The last few months has created a huge financial struggle, which has made around 10% more people choose this option.
Motorists cut back on Car Insurance
Cash-strapped motorists are cutting back on comprehensive car insurance to drive down costs, it was revealed.
In the last 12 months, there has been a 10% increase in the number of drivers choosing third party, fire and theft cover rather than comprehensive when they renew policies, insurance company Swinton said.
February 4, 2009
Premiums to fund holidays
Story link: Premiums to fund holidays
Its all part of a brand awareness strategy, and I suppose if the brand is the cheapest for the particular individual, then they are going to have no problems with the campaigns, insurance may be expensive, but they have their own overheads.
UK Insurance Premiums to rise … to fund Celebrity Holidays? - We have recently been perplexed by what appears to be a unique strategy among some insurers. Although we have a few MBAs on our staff, none of them recall the dons back at university talking about it, so perhaps it’s something entirely new. An outline is below for the curious.
Step One: Spend as much as possible on celebrity adverts
Despite the credit crunch, some insurance marketers have gone celebrity mad recently with several companies enlisting big name stars to grab your attention.
1/5 choose the smaller car
Story link: 1/5 choose the smaller car
The days of driving round in a huge 4×4 for luxury, the in thing to do nowadays, is to buy yourself a city car, which is not only a lot more economical to run, but they are usually in the lower end of the insurance groups, making them extremely cheap to insure.
One in five UK motorists have downsized to a smaller car since the start of the credit crunch, new research has revealed.
Car insurance provider LV= discovered that 19% of drivers have sold their car in favour of a smaller model, with each downsizing motorist saving an estimated £309 on running costs.
Snow driving
Story link: Snow driving
Driving in the snow is extremely dangerous, but drivers need to understand that the brakes on a vehicle are just asking for trouble, especially when hitting icy patches. Hitting the brakes won’t allow the driver to steer the car, and the loss of control could cause a crash and therefore a insurance claim, not good!
When pulling away in snow, drivers should try to use second gear rather than first, says the RAC.
“In these conditions, it’s all about keeping the revs down. Pull away in second gear rather than first, and do everything gently.
Collision insurance
Story link: Collision insurance
Pretty basic stuff really, but it is amazing how many people do not check their policy to see what situations they are actually covered by, as many companies do their very best to get their way out of a pay out.
Collision coverage is insurance to pay for damages to your own car in case of an accident. If you’re in an accident, contact your insurance agency immediately. Your insurance company will try to collect payment from the other driver’s insurance company if the accident was not your fault.
Snow and claims
Story link: Snow and claims
It’s a good point, I’m sure many people didn’t even think to check whether they were covered in such dangerous conditions, and for those who had a bump not involving another car, and are third party, the damage will be at their own expense.
Motorists, homeowners and travellers have all suffered adverse effects from the heaviest snowfall for 18 years.
But what is your position if you need to make an insurance claim?