MILLIONS of Brits are making a simple mistake when it comes to their car insurance, costing them up to £278 each year. Motorists that fall into the trap of automatically renewing their insurance policy or staying with the same provider can end up paying more than they would if they shopped around. According to research conducted by MoneySuperMarket, over 60 per cent of drivers will stick with their current policy holder because they had the cheapest price the previous year. But the move ends up contributing to a total £652.5million that Brits waste for failing to check out other providers. The study found that motorists who let their policy automatically renew saw their premiums rise by £50 on average - but that figure could be as much as £278. If drivers shop around when it comes time to renew their policy, they could see maximum savings of close to £280. Top reasons for motorists auto-renewing their car insurance rather than changing providers Happy with the … [Read more...] about The easy way to save up to £278 on your car insurance that millions ignore every year
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BRITS are missing out on car insurance deals as major insurers aren't offering dashcam discounts. A new study has revealed some of the biggest insurers in the UK don't drop premiums for drivers fitted with the hi-tech cameras. That's despite dashcams helping to slash claim payouts and stop fraud. Research by Smartdriverclub found not one of 10 major insurers offered a guaranteed discount. It also claimed just one price comparison site - Confused.com - lets drivers state they have a dashcam when shopping around. Just a handful of big name insurers like Admiral, Swiftcover, Axa and Adrian Flux offer set dashcam deals - and in some cases it's up to 15 per cent off. Major insurers and dashcam policyNFU Mutual - No Royal & Sun Alliance - No Zurich - No Co-op Insurance - No M&S - No RIAS - No Quote Me Happy - No information on website and no number to call Direct Line - No LV - A “tiny” discount is possible but depends on the vehicle Saga - No Esure - No Elephant - No … [Read more...] about Brits missing out on car insurance discounts as major insurers fail to offer dashcam deals
Are you making any of these silly mistakes? If you wear the wrong footwear at the wheel or forget to renew your road tax it could lead to rejected car insurance claims. New research by Uswitch has found that two thirds of drivers make mistakes which put their future payouts at risk, risking up to £114 million in rejected car insurance claims each year. In a list of the most common misdemeanors made by motorists, the comparison website revealed wearing heels or flip flops as the easiest way to get your insurance written off. A quarter of the 1,593 drivers sampled by Uswitch said they've worn this type of footwear whilst driving, reported the Mirror. poll loading Have you ever driven in flip flops? 500+ VOTES SO FAR Yes No The report also found many motorists were unaware that items hanging from their windscreen or rear-view mirror that obstruct their view could invalidate their cover. Simple errors, which also involve forgetting to strap in your pet, could mean that British … [Read more...] about These 10 simple mistakes could invalidate your car insurance
Motorists in the UK are still throwing £652.5 million a year away by auto-renewing their car insurance – despite an FCA rule change last year designed to protect motorists from the so-called ‘loyalty tax’. But there’s a simple step that could save motorists an average of £278.49 per year. With a third of Brits still automatically renewing their car insurance policy with their existing insurer, instead of shopping around and potentially saving money, millions are being hit by avoidable increases in their annual premiums. A typical annual increase of £50 per policy means £652.5 million going down the auto-renewal drain every year, where as motorists who avoid the ‘loyalty tax’ and shop around could see average savings of up to £278.49 each – or £3.6 billion collectively. Increased transparency This month marks a year since the Financial Conduct Authority (FCA) auto-renewal bill changes came into force, but research … [Read more...] about The simple car insurance trick that could save you £278.49 a year
So it’s time to renew your car insurance – what do you do? Do you shop around to find the best coverage and services, or do you simply renew whatever car insurance you already have? More often than not, regular motorists will choose the latter for its convenience. After all, switching to other insurers usually involves a lot of hassle, least of which is having to prepare a list of information and documents that aren’t usually known to you – things like the recommended sum insured, details of your existing car insurance, current NCD level, vehicle chassis number and such. No one is going to have all these information right off the top of their head. But what if there’s a hassle-free way around this? With AIG Car Insurance Online, switching from other insurers to AIG can’t get any simpler. All you need to do is key in your car number plate, your own IC number and the place of use (West Malaysia or Sabah/Sarawak). Do that, and voila, all the … [Read more...] about AD: AIG Car Insurance – hassle-free renewal online or easy switch from other insurers. As simple as 1-2-3!