5 Steps To Cheap Car Insurance PremiumsWritten by UK Insurance Index
Although car insurance is compulsory, it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you serious money.
Step 1 - Excess The easiest way to cut your car insurance premiums is to cut risk and accept a higher voluntary excess. An insurer's standard excess may be £100 but if you meet first £250 of any claim, you'll see a reduction in your premium. This is because you're taking on more of risk so you get a discount. But it's a gamble, be aware that you might have to meet cost of a broken window after an attempted theft, then a bill for repairing bodywork damage after a car park crunch.
Step 2 - Security Fitting security devices can also result in cheap car insurance premiums. All major insurers insist on Thatcham rated security equipment, usually a minimum of an alarm. If you live in a high-risk area for car crime, it makes sense to fit extra security. It saves you money when your insurance renewal is due and gives you extra peace of mind.
Moneynet Takes Finance PersonallyWritten by Rachel Lane
Moneynet, personal finance specialist, is expanding its range of product guides to include financial lifestyle information to appeal to families, students and other consumer markets. Moneynet, most established consumer research website in UK has taken initiative in response to concerns that consumers are becoming alienated by complex finance information.
The family finance guide is sixth publication to be released by moneynet and initially incorporates two sections, with intention of future content expansion. The first section covers financial basics for parents, with a summary on financial resources that are available to families, including Child Benefit, Statutory Maternity Pay, Child Tax Credits, Child Trust Funds and Education Maintenance Allowance. The second section offers some suggestions to parents who wish to encourage their children to become financially aware and responsible with money.
The family finance guide will be extended later this year to encompass issues such as financial practicalities of bereavement, inheritance tax, financial protection for family, planning your child’s education, and divorce.
With increasing pressure on personal finance product providers to present more transparent information for consumers, companies which proactively seek a more positive interaction with customers are welcomed by public. In terms of managing customer expectations online, moneynet can appreciate increase in internet users going online to research and manage their money #, whilst acknowledging fact that most consumers have yet to feel comfortable with their finances. Credit Action reported in May this year that half people who take out credit in shops, had not intended to do so when they left home, whilst a report published by Cambridge University allegedly revealed that nine million Britons suffer from financial phobia. These factors secure moneynet as a highly relevant tool to assist consumers with their financial homework.