MoneyExpert.com has launched the first ever market wide cashback deal from a price comparison site. The offer allows customers to take out car insurance using MoneyExpert’s extensive comparison service and benefit from a further £20 cashback on any policy selected.
And because MoneyExpert’s comparison system is linked directly into all the main insurers, the quote you see will be the price you pay, guaranteed. The cashback is easy to redeem, with MoneyExpert.com promising to credit the money directly into your bank account within 60 days of the policy being taken out. MoneyExpert.com will also refund the difference if customers find a cheaper total price for their car insurance elsewhere.
Sean Gardner, director of MoneyExpert.com, said: “Price comparison websites have made it much easier for motorists to check prices and have driven down costs across the board. But it can be very difficult to differentiate between them. There is often very little to choose between the cheapest deals on different websites.
“We have chosen to break the mould and share our commission with our customers. You can only get an extra £20 off your car insurance by comparing the market at MoneyExpert.com. There are no strings attached. So not only can you see the best possible rates available, but also enjoy a second discount through our unique offer.
Source
Wednesday, November 26, 2008
Wednesday, November 19, 2008
NU withdraws from price comparison websites
Norwich Union (NU) has withdrawn its direct motor products from all insurance price comparison websites.
The company, which forms part of the Aviva group, has announced the launch of Price Check Norwich Union, an Internet and telephone service that promises to show customers the prices and details of competitors’ products, even when they outshine its own.
According to the insurer, customers seeking a motor quote from NU can make comparisons with over 140 other insurance providers in the market.
The facility allows checks on competitors’ cover details such as excess, courtesy car and legal services, plus up to 30 additional features. The entire offering is also available over the phone.
In related news, NU will be changing its name to Aviva in the summer of 2009.
The decision to drop the NU brand was announced in April, when Aviva’s chief executive, Andrew Moss, explained that he was keen to have all the group’s products under one brand that can be recognised worldwide.
NU was formed in 1797 and has been a household name in general insurance for decades.
Source
The company, which forms part of the Aviva group, has announced the launch of Price Check Norwich Union, an Internet and telephone service that promises to show customers the prices and details of competitors’ products, even when they outshine its own.
According to the insurer, customers seeking a motor quote from NU can make comparisons with over 140 other insurance providers in the market.
The facility allows checks on competitors’ cover details such as excess, courtesy car and legal services, plus up to 30 additional features. The entire offering is also available over the phone.
In related news, NU will be changing its name to Aviva in the summer of 2009.
The decision to drop the NU brand was announced in April, when Aviva’s chief executive, Andrew Moss, explained that he was keen to have all the group’s products under one brand that can be recognised worldwide.
NU was formed in 1797 and has been a household name in general insurance for decades.
Source
Wednesday, November 12, 2008
Driver smashes into shop
A teenage driver lost control of his car and ploughed into the entrance of a Chorley shop, causing thousands of pounds of damage.
Fire crews, the police and an ambulance were called to John's Newsagents in Railway Road, Adlington.
The doors and windows at the front of the shop were pushed back due to the impact, but a main joist that supports the property remained intact and it stopped the car from causing further damage.
"We had to call out a structural engineer to make sure the building was safe, but we were able to re-open the next day. The repairs are now in the hands of the insurance and the first quote estimated costs of £4,000."
Source
Fire crews, the police and an ambulance were called to John's Newsagents in Railway Road, Adlington.
The doors and windows at the front of the shop were pushed back due to the impact, but a main joist that supports the property remained intact and it stopped the car from causing further damage.
"We had to call out a structural engineer to make sure the building was safe, but we were able to re-open the next day. The repairs are now in the hands of the insurance and the first quote estimated costs of £4,000."
Source
Wednesday, November 5, 2008
How to keep costs down on a new car
Advice for saving money when purchasing a new vehicle has been given by the Daily Record.
The Scottish newspaper advised buyers to devise a maximum budget before starting to visit dealers - and keeping to it.
It also told buyers to negotiate, even if the original price is within the limit.
Noting that motor dealers are also suffering in the difficult economy, the paper said that buyers "might be surprised how flexible they will be to secure a sale".
Extras can be considered in lieu of actual money off, while insurance quotes should be sought for the chosen model before making a purchase.
Source
The Scottish newspaper advised buyers to devise a maximum budget before starting to visit dealers - and keeping to it.
It also told buyers to negotiate, even if the original price is within the limit.
Noting that motor dealers are also suffering in the difficult economy, the paper said that buyers "might be surprised how flexible they will be to secure a sale".
Extras can be considered in lieu of actual money off, while insurance quotes should be sought for the chosen model before making a purchase.
Source
Wednesday, October 29, 2008
Driven away by high fees
The cost of petrol hit record highs this year, with the days of getting a litre for below a pound a distant memory. And while the cost of a barrel of oil has fallen recently, the reduction has not fully been recognised at the petrol pumps.
According to the AA, it takes four to six weeks for oil-price changes to filter through to the petrol stations.
When that happens, it will be good news for motorists but consumers are still battling a high inflation rate, reported to be 4.7 per cent in August and forecast by the Monetary Policy Committee to be nearer to five per cent this month.
'Scooters and mopeds can be a lot cheaper to buy, license and fill up with fuel,' says Berkhauer.
'From an insurance point of view, the price is dependent on the risk from you as an individual but it is possible to insure a moped for about £100.
'Insurance companies rate differently but some will actually offer a cheaper quote if you are not using the vehicle for commuting or for regularly travelling long distances.'
Source
According to the AA, it takes four to six weeks for oil-price changes to filter through to the petrol stations.
When that happens, it will be good news for motorists but consumers are still battling a high inflation rate, reported to be 4.7 per cent in August and forecast by the Monetary Policy Committee to be nearer to five per cent this month.
'Scooters and mopeds can be a lot cheaper to buy, license and fill up with fuel,' says Berkhauer.
'From an insurance point of view, the price is dependent on the risk from you as an individual but it is possible to insure a moped for about £100.
'Insurance companies rate differently but some will actually offer a cheaper quote if you are not using the vehicle for commuting or for regularly travelling long distances.'
Source
Wednesday, October 22, 2008
Changes In Car Usage More Than A Health Benefit
In a recently released study, uSwitch reveals that a significant number of drivers are now cutting down on how many times they get behind the wheel. According to the price comparison site, 55 per cent of motorists are reducing the number of trips they make, with just over a third (38 per cent) of consumers now claiming to only use their vehicle for essential journeys. It was also revealed that 54 per cent of motorists are now looking to drive in a more economic manner, with about one in ten now part of a car-sharing scheme.
This, in turn, could help to manage other motoring-related expenses, such as road tax and insurance, as well as the likes of repayments on personal loans and credit cards, with greater ease.
Such moves, it was reported, come as drivers struggle with rising motoring costs and the overall effects of the credit crunch. At present, it was revealed that the cost of filling up an entire tank of petrol stands at "an eye watering" 66 pounds.
The study also showed that 15 per cent of drivers are now starting to do the journeys they would have done by car by bicycle.
For those looking for an effective means of switching to two wheels, getting using cheap loans may prove to be effective.
Source
This, in turn, could help to manage other motoring-related expenses, such as road tax and insurance, as well as the likes of repayments on personal loans and credit cards, with greater ease.
Such moves, it was reported, come as drivers struggle with rising motoring costs and the overall effects of the credit crunch. At present, it was revealed that the cost of filling up an entire tank of petrol stands at "an eye watering" 66 pounds.
The study also showed that 15 per cent of drivers are now starting to do the journeys they would have done by car by bicycle.
For those looking for an effective means of switching to two wheels, getting using cheap loans may prove to be effective.
Source
Wednesday, October 15, 2008
Are you paying more to go green?
While green car drivers may like to boast of the environmental credentials of becoming eco-friendly, there’s another strong incentive for thinking green - more cash in your hand. However, one aspect of going green may not offer the financial incentives you can enjoy from driving a more fuel efficient vehicle.
According to research from a comparison website, eco-friendly car insurance can cost over 105 per cent more than regular car insurance.
However, the message to drivers looking for a green car insurance policy is clearly to shop around. It could be a better option to take out the level of cover you require at the cheapest price with a more conventional insurer and then using the money saved to put towards an environmental scheme of your own choice.
Source
According to research from a comparison website, eco-friendly car insurance can cost over 105 per cent more than regular car insurance.
However, the message to drivers looking for a green car insurance policy is clearly to shop around. It could be a better option to take out the level of cover you require at the cheapest price with a more conventional insurer and then using the money saved to put towards an environmental scheme of your own choice.
Source
Wednesday, October 8, 2008
Australia's Suncorp reconfirms full year guidance
Suncorp-Metway Ltd, Australia's second-biggest car and home insurer, reaffirmed its full year earnings guidance on Thursday and said its funding programme was on track.
Suncorp-Metway, which is also Australia's sixth-biggest lender, said it expected high single digit growth in profit before tax and bad debts for is banking division, and an insurance trading ratio of 10-12 percent for its general insurance business.
Suncorp Chief Executive Officer John Mulcahy said in a statement that while the group's non-performing loans had historically been higher, its actual write-offs as a proportion of total lending had been around two-thirds of the average of the major Australian banks.
"We have no reason to believe that this percentage will not hold true during this credit cycle," Mulcahy said on Thursday.
He added that Suncorp was on target to achieve its funding requirements for the financial year ending, having raised over A$1 billion ($787 million) in private placements in the term debt market since June.
Source
Suncorp-Metway, which is also Australia's sixth-biggest lender, said it expected high single digit growth in profit before tax and bad debts for is banking division, and an insurance trading ratio of 10-12 percent for its general insurance business.
Suncorp Chief Executive Officer John Mulcahy said in a statement that while the group's non-performing loans had historically been higher, its actual write-offs as a proportion of total lending had been around two-thirds of the average of the major Australian banks.
"We have no reason to believe that this percentage will not hold true during this credit cycle," Mulcahy said on Thursday.
He added that Suncorp was on target to achieve its funding requirements for the financial year ending, having raised over A$1 billion ($787 million) in private placements in the term debt market since June.
Source
Wednesday, October 1, 2008
Insurer shows competitors' car quotes as well as their own
The UK's largest insurer has launched a brand new web and phone service that gives customers the prices and products of its rivals - even if they're cheaper.
Customers seeking a motor quote, will be offered new simple ways to check the insurer's motor policy and price against its competitors. They will also be offered the chance to check policy cover and feature details with over 140 other insurance providers in the market.
By giving people an instant service that benchmarks its policy against other providers, Norwich Union believes it will give customers confidence in the price and product it is offering.
David Tyers, director of marketing at Norwich Union, said: "The truth is no insurer is cheapest all of the time; the difference is we will tell customers when we are and when we are not.
"But clearly we hope that we will be competitive for many customers and we know, as a package, our motor insurance represents great value and people will choose to buy from us."
Source
Customers seeking a motor quote, will be offered new simple ways to check the insurer's motor policy and price against its competitors. They will also be offered the chance to check policy cover and feature details with over 140 other insurance providers in the market.
By giving people an instant service that benchmarks its policy against other providers, Norwich Union believes it will give customers confidence in the price and product it is offering.
David Tyers, director of marketing at Norwich Union, said: "The truth is no insurer is cheapest all of the time; the difference is we will tell customers when we are and when we are not.
"But clearly we hope that we will be competitive for many customers and we know, as a package, our motor insurance represents great value and people will choose to buy from us."
Source
Thursday, September 25, 2008
How To Avoid Invalidating Your Car Insurance
Everyone who owns their own car will have gone through the process of choosing a car insurance policy but the fact is that many people are not fully aware of the exact terms of their individual policy. This means that some people are driving around and inadvertently invalidating their car insurance.
The implications of this should not be ignored. If you are breaking the terms and conditions of your policy then it could have serious financial implications if you do need to make a claim. The insurance company could easily turn round and say that you're not entitled to a full payout because you broke the terms of the policy, and pleading that you were unaware of this small print will not usually change their mind either.
Source
The implications of this should not be ignored. If you are breaking the terms and conditions of your policy then it could have serious financial implications if you do need to make a claim. The insurance company could easily turn round and say that you're not entitled to a full payout because you broke the terms of the policy, and pleading that you were unaware of this small print will not usually change their mind either.
Source
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