The chief operations officer of one of the largest car insurance companies in the UK recently said out loud what we’ve all been thinking: the insurance industry has gone ‘mad’ and needs to be changed.
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OFT declares market ‘dysfunctional,’ triggers new study
With the Office of Fair Trading finally coming out and saying what we’ve all been going on about for months now – that the motor car insurance industry is completely ‘dysfunctional’ the Competition Commission is set to launch a new study to determine the extent of responsibility that the nation’s car insurance companies bear.
Drivers are saying no to their No Claims Discounts
According to one car insurance comparison website, a large proportion of UK motorists are just saying no when it comes to their No Claims Discounts, choosing not to spend extra money in order to protect their discounts in the event of an accident.
Car insurance companies say prices drop – but for whom?
You may not believe it when you hear it, but car insurance companies say that the average cost of a comprehensive motor car insurance policy has actually begun to decline for the first time in four years.
Policy holders tire of ‘exorbitant’ renewal fees
Holders of so-called discount car insurance policies are growing tired of being charged fees for renewing their cover or making minor alterations to their motor car insurance policy, with some consumer watchdogs calling the charges ‘exorbitant.’
Protecting our no-claims bonus may not be best
If you do the maths, it may not make financial sense to protect your no-claims bonus, as your car insurance rates can still increase significantly in the event of an accident.
Ministers vow uninsured driver clampdown, encourage telematics
Government ministers have come forward with renewed vows to clampdown on drivers getting behind the wheel without first taking out at least discount car insurance, and have also taken steps to encourage telematics-based motor car insurance policies as a way to control the costs of motoring in the UK, experts say.
Controversial telematics tech growing in popularity
While some have seen the proliferation of ‘black box’ motor car insurance as the latest way the government is trying to invade the privacy of Brits and turn the UK into a surveillance state, telematics-based technology is growing in popularity despite its controversial nature.
Mazda UK brings discount car insurance to its customers
The UK branch of one major motor manufacturer has entered into a relationship with Equity Insurance Partnerships in order to provide discount car insurance to its customers, experts recently said.
Mother victimised by scammers after staged accident
An accident staged by criminals in order to defraud car insurance companies has resulted in a 29 year old mother from Tandridge becoming victimised, discount car insurance experts recently reported.