Insurance industry on the hook for millions over grounded Suez Canal cargo ship By Mark Shapland For The Daily Mail Published: 21:50 GMT, 25 March 2021 | Updated: 21:50 GMT, 25 March 2021 The insurance industry faces a mammoth bill after a giant cargo ship continued to block the vital Suez Canal. The 1,312 ft … Read more
Making elaborate modifications to your car could increase your insurance premiums by around £2,500, new research has revealed. The modification that sets drivers back the most is the addition of a nitrous oxide kit. With the high-performance modification – famed for its appearances in the Fast & Furious film franchise – installed, it can increase … Read more
The RAC is launching a new, flexible monthly subscription-based car insurance product aimed at saving money for motorists who cover fewer than 6,000 miles a year. Drivers are covering 20 per cent fewer miles than two decades ago, with this trend likely to continue following the coronavirus, meaning pay per mile policies are likely to … Read more
The loyalty penalty could add £100 to YOUR car insurance costs: Two in five drivers auto-renewed last year and are likely to be overpaying for cover Drivers who auto renew paid a total of £720m in 2020 on their car insurance This is a 7% increase from 2019 when it came to a total of … Read more
Home insurance claims involving hot tubs almost tripled during 2020, new research has revealed. There was an annual increase of 188 per cent in relation to accidental damage claims for hot tubs in 2020, according to data from Aviva. The high ticket items surged in popularity last year as Britons were trapped in their homes … Read more
Settled car insurance claims fell a fifth last year due to fewer vehicles on the road – with the cost of cover remaining at four year low New figures have revealed car insurance claims fell by 19% to 2.1m in 2020 Total payouts also came down by 6% to £8.3bn The reduction is due to … Read more
The Holiday Guru is always on hand to answer your questions. This week he advises on booking a trip to America this autumn, as well as cancelling a Tui package holiday to Greece. Q. I would like to travel to the USA in October to attend a Nascar race in Alabama. I have had my … Read more
Profits fall at RSA Insurance as it prepares to be broken up and sold By Daily Mail City & Finance Reporter Published: 21:52 GMT, 26 February 2021 | Updated: 21:58 GMT, 26 February 2021 Profits have fallen at RSA Insurance as it prepares to be broken up and sold. The UK group said profits in … Read more
Nearly three million more drivers have let their car insurance auto-renew so far this year compared to the same point in 2020 – a trend which has driven up 60 per cent, new research shows. A total of 7.6million motorists have paid a ‘loyalty tax’ to their insurer so far this year for allowing their … Read more
Vnuk sunk: Controversial EU law meaning golf buggies and quad bikes owners must be insured for use on private land AXED by government The Vnuk law requires insurance on private land for a wide range of vehicles By scrapping this law, the Government says drivers will save £50 a year The motorsports industry has also praised its … Read more