Top 10 tips to save money on your car insuranceWritten by Paul Johnson
So, your car insurance is up for renewal…but premium has gone up again! Shouldn’t it be going down! If you’re fed up paying too much for your car insurance duck2water (www.duck2watercarinsurance.co.uk) have put together top ten ways you can reduce your premium without reducing level of cover:
1.Buy online Buying online can save you time and money. Companies who spend millions of pounds on advertising or run large call centres have to cover these costs somewhere, and they do so by adding these costs onto price of your insurance premium. Although online insurers do have overheads, they are much less than high street and telephone insurers, which means they can offer car insurance at up to 60% cheaper than other companies.
2.Drive a cheap and less powerful car Car insurance companies calculate their premiums on basis of car engine size, probability that it will get stolen and cost of repairing it. Although smaller cars such as Ford Fiesta’s and Renault 5’s are more prone to being stolen than larger saloon cars, they are cheaper to repair or replace and are therefore cheaper to insure.
3.Build up a ‘no claims history’ Car insurance companies give discounts for safe drivers with a good no claims record. By building up your no claims history you can benefit from a reduction (up to 60%) off your premium, and this discount can be transferred from company to company. 4.Increase your car security More security means lower risk for your insurance company and you can benefit from cheaper rates by locking your car in a garage a night, or installing an insurance company approved immobiliser or tracker.
5.Increase your voluntary excess By deciding to pay a higher excess it also means you’re less likely to make a small claim on your insurance and are therefore considered a lower risk. 6.Obtain more driving qualifications The Pass Plus qualification costs between £100-150 and involves taking lessons in different driving conditions such as at night and on motorway. By becoming a more skilled and experienced driver most insurance companies reward their customers by reducing their premium. As a result, qualification usually pays for itself within first year of qualifying. Another option is advanced driving test, but this can take much more time to pass than Pass Plus.
A Beginner’s Guide to FOREXWritten by Mary McDowski
FOREX is abbreviation for Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over world are bought and sold for profit. The market today began in 1970’s. FOREX is a very unique market because it is not based in any particular place, and it also has very few qualifications for investing. FOREX is also free of external controls, and investors (participants in market) largely determine how much a currency is worth based on demand. Almost anyone can invest in FOREX, and there are strategies for investors who want to have long-term gains, and strategies for investors who desire short-term gains. The vast array of investors makes FOREX quite unique in financial community.
The Workings of FOREX
FOREX is not centered at one place like NYSE. The specific hours for FOREX trade are 24 hours a day from Sunday afternoon to Friday afternoon. FOREX transactions can take place at almost any time, anywhere, all over world. There are FOREX dealers in almost all of time zones, and it is simple to find them. Many dealers can be found online. All an investor does is decide what currency he or she wants to purchase, contact dealer, and then makes purchase. Many investors purchase using a credit line (money they do not have). This is called marginal trading.
What is Marginal Trading?
Marginal trading is a term used for trading with borrowed capital. FOREX investments can be made without actually having money. All an investor needs to do is borrow money for a certain currency. The investor wants to choose a currency that will increase in value quite rapidly. Once currency increases, investor pays back money he or she borrowed and makes sheer profit. This is a high-risk investment, but rewards are great (as with most high risk investments).
Two Types of FOREX Analytics
FOREX traders often have to analyze market. Like all investments, FOREX involves a certain amount of calculated risk. Two ways to calculate these risks are though Technical Analysis and Fundamental Analysis.