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News/Information from AA Finance
Home Insurance, Life Insurance, Car Insurance and Travel Insurance are now
real bargains according to recent reports. Both Car & Home Insurance have
failed to show any signs of increases in premiums and Life and Travel insurance
premiums are actually at all time lows.
The AA Insurance Index is showing that the anticipated rise in home insurance
premiums predicted after last years floods and bad weather has not materialised.
In Q1 2008 combined home and contents insurance prices fell
by approximately 1.5 per cent. According to AA Insurance this can
be explained by the lower cover you now get from your home insurance as risks
have been removed from standard policies.
Likewise the AA Car Insurance index shows a fall in premiums in Q1 2008. The
0.5 per cent fall is apparently due to it currently being the peak period for
car insurance sales, with comapnies keeping their prices down to remain
competitive. (09/05/2008)
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One of the biggest motorbike insurers, the AA, are seeing a large number
of middle aged men taking up motorbike riding. They are saying that those that
do will be hit by a hefty premium loading on their motorbike insurance and may
even have to retake their test in order to be offered motorcycle insurance at
all.
The AA's Ian Crowder has said that there is currently an increase in claims
from middle-aged men on their bike insurance. They are apparantly buying big and
poweful bikes which they are not fully able to control. Insurers are taking into
account recent motorcycle riding experience when offering insurance quotes.
(13/05/2008)
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Car Insurance premiums are affected greatly by where you park your car
according to AA Insurance. Particularly if you are parking within city
limits. In a city, you can save upto 35 percent on your motor insurance if you
park your car in a garage.
Research from The AA shows that cars are more than twice as likely to be
vandalised parked on the street than in a supermarket car park. The AA
have stated that residential streets are where the majority of parked cars
are vandalised and Mark Huggins of AA Personal Loans recommends well-lit
car parks with CCTV security being the safest option. (16/04/2008)
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The AA are predicting a switch from cars to motor bikes in order to save on
insurance costs, running costs and road tax. Not only will motorists save on car
insurance but will benefit from other things like exemption from congestion
charges and easier parking. Motorcycle insurance is offered by the AA at www.aa.co.uk.
(4/06/2008)
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AA Car Insurance have annouced that car insurance premiums are now at an all
time high and that because underwriters are currently making a loss are destined
to go even higher. The average car insurance premium has risen by £20 from this
time last year to a figure of £720. This has risen from a figure of £328 when
the AA Car Insurance Index (see www.theaa.co.uk) was first compiled in
1994. (18/07/2008)
