Archive for the ‘Market News’ Category

Car Insurance Premiums on the Increase

6th August 2009 by Simon Maddocks No Comments

Latest Research from the AA shows car insurance premiums are on the rise
“Car insurance premiums are rising at their fastest rate for nearly a decade and increased by more than 1% per month over the past quarter, according to the latest benchmark AA British Insurance Premium Index. Between April and June the average quoted premium [...]

Tesco drops RBS in favour of Fortis

26th June 2009 by admin Comments Off

The deal, if approved by regulators will mean Fortis will become the underwriter of car and home insurance policies sold under the Tesco brand name.

2 hours is average time spent searching for car insurance quote in UK

23rd June 2009 by admin Comments Off

The average UK motorist spends two hours searching online for a car insurance quote, according to a survey by Swinton, the UK’s leading high street retailer of car insurance.

Key reveals insurance fraud, jail avoided

23rd June 2009 by admin Comments Off

A British man received a 48-week prison sentence, suspended for 2 years by Teesside Crown Court after being caught attempting to defraud his car insurance company, so the Mirror reports today.

UK vehicle production in free fall

19th June 2009 by admin Comments Off

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) reveal the dramatic, continual decline in UK vehicle production. Commercial vehicles were hardest hit in May with a 73.5% drop against last the same period last year.

KwikFit car insurance sales up despite downturn

16th June 2009 by admin Comments Off

Following the recent Government announcement on 1st-month take up of the new scrappage incentive scheme, Kwik Fit Insurance, a leading UK insurance intermediary has reported a 31 percent increase in sales of car insurance in May in comparison to the same month of 2008.

Insurance costs set to rise as 1 million motorists cutting corners

15th June 2009 by admin No Comments

New research from uSwitch has revelead hard-pressed motorists in the UK are taking greater risks with their car insurance, opting to take lower protection against accidents. In a bid to cut costs, 1 in 5 motorists with 3rd party cover now admit they are unable to afford comprehensive insurance, a more expensive policy option.

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