All car owners who have valid car insurance can earn bonus if you have not made any claims for a number of years. This is known as No Claims Bonus. For example, if you have not used your car insurance for 3 years you can get 3 years No Claims Bonus. This is one of the largest factors influencing the premiums for car insurance.

Every year you pass without making any claims, you are entitled to your No Claims Bonus. The biggest advantage that you gain by adding on the number of number of No Claims Bonuses is that of cheaper premium rates. Car Insurance Companies see that you have a good record of not making any accident claims and therefore chances of a reduced premium increases.
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The newly elect US President Barack Obama supports the US congressional demands of automakers offering a game plan for survival before approval of lawmakers of a taxpayer sponsored bailout. David Axelord, Obama’s chosen man for White House adviser said that all the citizens have a stake in the growth of the auto industry and in order to continue the prosperity retooling and rationalization is necessary.

Obama has supported Detroit by providing $50 billion as federal aid to help Big Three automakers face the current economic situation and help them in manufacturing fuel-efficient Cars which grew in demand after the rise in gasoline prices.
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Customers have been reeling under economic crisis and to ease their condition, a new Car Insurance has been launched by RIAS that enables customers to have a compensation for the extra payment in case of an accident at the rate of 25 pence per week.

This additional financial protection allows car users to have a stable financial position in the event of an accident. The uniqueness of the product lies on the fact that policyholders are assured of the extra sum even if they are held responsible for the accident.
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It is a much desired wish to all motorists to seek the cheapest car insurance cover for their vehicle, yet experts warn that it is not the best thing to do as it could prove false economy.

The motoring organisation has issued warning to drivers seeking cheap car insurance and adds that such insurance policies make profit by not offering breakdown coverage. The AA says that if your car breaks down which do not have a breakdown cover, then you have to pay hefty amounts for its repair.

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The financial search engine, Tescocompare.com has started its new van insurance channel which provides van drivers an opportunity to make a comparative study for over 300 insurance deals from as many 17 Van Insurance brokers. The latest offer from Tescocompare, van insurance channel compares not only insurance premiums but even the fine details of the policies. If you are looking for a perfect policy for your commercial vehicle, you can simply go to Tescocompare and compare all policy details and even features like windscreen and audio limits; and voluntary and compulsory excess. (more…)

Commercial vehicles are more prone to accidents and breakdowns and therefore owners of such vehicles are advised enough insurance to cover against such mishaps. Roadside help is required among van drivers especially those opting for a second hand vehicle due to credit crunch. An increased number of Brits are choosing a second hand vehicle because of the current economic situation. Research by motor companies also showed that the colour of the vehicle affects the amount of assistance needed on the road. Owners of red vans are less likely to require roadside assistance than grey coloured commercial vehicles. According to editor of imotormag.co.uk, grey vehicles are usually hired by companies as they appear new and scratches are less visible compared. However, they are exposed to greater mileage and therefore more roadside assistance is required for grey commercial vehicles than red ones. Experts have advised Van Insurance drivers to go for adequate cover even in times of deep economic turmoil. Though owners of commercial vehicles opt for cheaper policies, van insurance consumers are warned against such policies. Cheap policies might not be sufficient for van owners.

Insurance companies have issued stern warning to all drivers in the UK who drink and drive. Either motorists stop driving when they are under the influence of alcohol or face high premiums and in some cases can be denied insurance altogether. Drunken driving will force you to pay more premiums that you would pay otherwise. According to a latest study, leading insurance agencies like Budget, HSBC, Kwik Fit, and Post Office Insurance companies have taken steps to increase premiums by almost 82% if the motorist has a past record of drunken driving. In some instances, the premiums in such cases have been double than under normal circumstances. Insurance companies like HSBC Insurance have warned UK motorists not to cross the limit especially when the festive Christmas season is round the corner. It is not justified to be drunk and be behind the wheels risking thousands of lives on the streets. As many as 460 people died last year in the UK because of drunken driving.

Road safety is not only high on the minds of the government, but in the UK even insurance companies like Kwik Fit Insurance is making an effort to raise awareness on road safety among its people. Kwik Fit Insurance is organizing a week long awareness program among its 950 strong workforce for its Lanarkshire office. Among many activities, the company has installed a speed motoring sign on the main road leading to the office at Lanarkshire. Concerns of over-speeding by vehicles inside the business park where the office of the Kwik Fit is situated is of prime concern. This awareness program hopes to educate people on various dangers on the road. (more…)

Latest research has confirmed that more and more motorists have been victims of accidents with the number of Breakdown Insurance on the rise. Almost 80 percent of motorists leave their valuables in their cars which give rise to break-ins. Valuables which are mostly left behind in the cars include wallets, mobile phones and some other items which together make a worth about £380. Motor insurance companies have urged motorists to be very careful as most break-ins are by thieves looking for such opportunities where motorists have left behind valuables inside the car without hiding them. If valuables are at all left behind, then need to be covered and not visible from outside. Motorists should also ensure that the insurance covers all valuables inside the car as well. A motor insurance company removed “unfair admin charges” which implies that customers need not pay for changing address or cover levers.

A leading car insurance agency in a bid to encourage young drivers to install a black box in their cars, has announced that they would be providing discount to those youngsters who have a black box in their cars that would enable parents top trace them. The pilot project was started with 40 young drivers and now has become a permanent feature of the insurance company. These black boxes are nothing but size of a match box that enables a parent to track the journey details of their ward through a website. As much as 25% discount would be given to young drivers who install the black box in their cars. The black box is capable of registering the speed, turn of the car at different lights, corners, use of brakes and G force. This will help a parent to understand how smoothly a car is driven. Another insurance company in a notice said that some parents have cars insured in their names and have their child’s name as “named drivers” which is in fact illegal of the child is the actual motorist.