Posts Tagged ‘uk auto insurance’

Over 50’s Car Insurance

Thursday, September 23rd, 2010

The UK auto insurance market has seen a number of changes in recent years. The arrival of company websites and price comparison initiatives has changed the way in which individuals purchase their policies forever. The change in the national insurance market has seen may speciality companies coming to the fore and over 50’s car insurance is another focused area that offers great deals for mature drivers.

In reality, over 50’s car insurance has always been competitively priced. Statistically, older drivers prove to be inherently safer than younger ones. Although less than 13% of all drivers in the UK are under 18, they are currently responsible for 35% of all road traffic accident fatalities. Because of this, older car users with a safe driving record are being recognised for the highway skills and over 50’s car insurance companies offer many advantages for older drivers.

The UK has one of the largest over 50’s car insurance markets in the world. Leading insurance companies such as Castle Cover and Endsleigh are even facing challenges from charity organisations such as Age Concern, who also offer over 50’s car insurance on their main website.

Most over 50’s car insurance companies offer a number of similar benefits including no upper age limit on policy holders, free monthly instalments, message services for younger family members if a policy holder is ever unfortunate enough to be involved in an accident and free courtesy vehicles on all comprehensive over 50’s car insurance policies to keep the mature driver mobile.

Third Party Insurance

Thursday, September 23rd, 2010

Third party insurance is the absolute minimum level of coverage that a driver must have when using a vehicle in the UK. Typical third party insurance policies make up the third and final tier of the UK insurance grading system and cover the liability of the policy holder in relation to accidental vehicle damage or personal injuries caused to other drivers in the event of a road traffic accident.

In most cases, third party insurance policies are purchased on a basis of affordability and the low value of the vehicle belonging to the policy holder. Additionally, many insurance companies will only be prepared to offer third party insurance cover to those that are considered to be part of a high-risk group. It is important to note that third party insurance cover differs from second-tiered third party fire and theft policies and does not cover fire-related damage or the theft of a vehicle.

As well as covering vehicle damage and any injuries sustained by another driver in the event of an accident, third party insurance coverage also takes legal fees into consideration should a court case arise. However, a policy will not take any related fines into account and these will be the sole responsibility of the policy holder.

Drivers of classic or antique vehicles may find that third party insurance coverage is their only option, especially if the vehicle is over 30 years old. Most insurance companies in the UK are not prepared to absorb the risk of high-priced replacement parts that are a difficult to source outside of the confines of modern vehicle driving.

Modern Day Insurance

Wednesday, September 22nd, 2010

The role of the modern day insurance company has changed significantly in the past five years. Because many major companies have withdrawn from providing a land-based service, television and radio advertising have become something of a daily feature in the lives of those living in the UK. Previously, insurers invested modestly in advertising and, instead, relied on passing trade, word of mouth and customer recommendations to build their reputation. Today, the modern day insurance company works strategically to promote their call centers and websites on an almost continual basis.

However, many modern day insurance companies are still competing fiercely when it comes to securing new custom and this is never more noticeable than when a potential customer looks at a price comparison website. The vast numbers of competing companies on these pages give the customer a chance to view multiple quotes as well as presenting them with the opportunity to compare differing levels of coverage.

The days of spending a Saturday afternoon trawling through a crowded town centre to visit just a small handful of land-based insurance companies are gone forever. Modern day insurance companies offer a fast and efficient means of deciding on an appropriate policy within minutes. Even though insurance brokers still have a role to play in the continually expanding insurance market, the advent of price comparison and company websites have seen modern car insurance options change beyond all recognition.

It is still prudent, however, for the consumer to take their time before rushing into a purchase. An attractive price is not always equal to an attractive policy and consumers are advised to judge comparisons on every aspect of their insurance cover before signing on the dotted line.

Tesco Car Insurance

Wednesday, September 22nd, 2010

Until very recently, the UK automotive insurance sector was made up of a small number of familiar names that had something of a monopoly with regards to limited consumer choice. Today, the explosive growth of the internet has seen new insurance companies arriving in their hundreds and the advent of price comparison websites has given motorists more choice than ever. Tesco car insurance is a testament to this fact and the supermarket giants have already become universally associated with offering some of the cheapest policies in the UK.

The growth of Tesco car insurance has been phenomenal and has made a huge contribution to the amazing statistic that Tesco now account for 15% of all consumer spending within the UK. Tesco car insurance operates from their own call centers and websites although they can be found on most major price comparison sites as well.

Average savings with Tesco car insurance can equate to approximately £217 each year and there are three different types of insurance available. As well as offering standard car and van insurance policies, Tesco have introduced a value car insurance option in very much the same way as they offer discount value brand food items from their supermarket shelves. The value brand can see Tesco car insurance costs reduced by omitting extra cover found on other insurance policies such as windscreen repair costs or protection for stereo equipment.

Potential customers can benefit even further when taking out a policy with Tesco car insurance and all new customers automatically receive a £25 gift card when joining up. Existing Tesco Clubcard holders can also enjoy additional discounts of up to 15% on the price of a new policy.