According to ABI, there were 125,000 dishonest insurance claims in 2016, these were valued at £1.3 billion. 57,000 insurance fraud cases were down to opportunists, making claims when they shouldn’t be. Despite the high numbers, there are many who do not know about the different types of insurance fraud, and how to spot if they have been a target. So what are the different types of vehicle insurance fraud, and how do you know if you’ve been a victim of insurance fraud? In this article, we look at the different types of insurance fraud, the signs you have been a victim of insurance fraud and how to avoid being a victim of insurance fraud...
Congratulations, you’ve passed your driving test! You are now free to drive off into the sunset on your own!
That is, once you get yourself insured on a car, of course.
Before you can drive off on your own you will have to make sure that your car is insured to allow you to do so. New driver car insurance can be a daunting prospect and we’re sure you’ve heard some horror stories about how much it costs to insure a car as a new driver.
Because you are a new driver, you are a higher risk to insurers. And, it’s a fact that you are more likely to have an accident as a young driver. This means that your insurance is going to be higher. That’s simply a fact that you will have to live with.
However, there are some things that you can do to help get the best insurance, and there are some things you shouldn’t do.
In this article, we look at the car insurance do’s and dont’s for new drivers.
Costs new drivers need to think about
Whether you are taking driving lessons, booked your driving test or you've passed with flying colours, you'll likely be getting excited about the prospect of owning your own car and the freedom that comes with it. This article details the costs new drivers need to think about before buying or leasing a car.
One of the most common questions we hear from first-time leasers is. What am I liable for when leasing a car? Leasing has a greater advantage over buying in this instance. This is because your liability for a lease car is limited. So what am I liable for when leasing a car? Well, let’s take you through your liabilities as the leasee.
When you get a car, you have to get it insured. Sometimes when people are looking at their budget, they overlook the cost of insurance which can often take you up and over your budget. This is particularly true as it has been reported that the cost of car insurance has risen by £110 over the past year (2017). Every car model is put into an insurance group, which will determine how much it will cost you. What determines which group they are in depends on a variety of things. But, how do the insurance group’s work? In this article, we are going to look at the different groups, what cars you might find in those groups, and what determines which insurance group a car is in.
There are usually a couple of reasons why someone would want to scrap their car. Either, it has reached the end of its life and repairing it will cost more than the car is worth. Or secondly, the car can't be repaired. Or thirdly, has been involved in an accident and it is an insurance write-off. Two scenarios are judged by the value of the car versus the cost to fix it. As an example, a 2003 Vauxhall Corsa that needs a new engine would likely be put to scrap. This is because the cost to repair it would be in excess of £1500. And in the current market, the car is only going to be worth about £800. In this case, the cost to repair the car outweighs its value. So it wouldn't be deemed a worthwhile investment.
There might be a scenario in which you want to lease a car for somebody else. This isn’t a problem and is something that quite a few people end up doing, be it for their partner or their child or even their friend. The only problem is the issue of insurance. Can a lease car be insured in someone else’s name other than yours?
In this article, we look at whether insurance is included in a lease contract, whether you can lease a car and insure it in someone else’s name, and whether you need a certain type of insurance on a lease car.
There are quite a few common misconceptions about leasing, and one of those is that the only person that can drive a lease car is the one who is leasing it.However, it’s our job to put these misconceptions right and explain that this in fact, is not the case.
So, in this article, we are going to look at whether someone else can drive a lease car, whether someone else can be insured to drive your lease car, and how to go about it.
Insurance is one of the biggest extra costs when it comes to cars, regardless of whether you are leasing or buying.But insurance on a lease car can be confusing. You don’t actually own the car, so who’s responsible for the insurance?In this article we’ll look at who is responsible for the insurance, whether lease price affects insurance and how you can lower the price.Before we start, it should be noted that we are not insurance brokers, and we are certainly not insurance experts. However, we talk this through with customers every day, and we know enough to educate you on the basics. If you are in any doubt about anything, we recommend talking to your insurance company. Although you don’t own the car on a lease, you are the one responsible for insuring it and therefore the one who is responsible for paying for it. The insurance has to be fully comprehensive, and 99% of the time, insurance isn’t included in your lease contract...
As leasing has increased in popularity, there is a common assumption that there is a lot less flexibility in terms of who can actually drive a lease vehicle.
We get asked 'can someone else be insured to drive my lease car?' quite often. And, contrary to popular belief, yes they can. Of course, it's not quite as easy as just handing the keys over. There is a criteria that you have to ensure you meet, but we'll go into more detail in the article. We will also be telling you everything you need to know about insuring someone else on your lease car...
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