UK Insurance – multi-quote.com

Getting a cheap auto insurance quote online has just got easier for residents of New York.

During the global credit crunch we are all used to prices going up so its nice to have some good news from the New York Insurance Regulators. The New York State Insurance Department has issued a document ordering insurers to explain any request to raise rates as they feel that auto insurance price increases are not currently justified. Super insurer Geico has already withdrawn two requests to increase rates on 2 of its key products and “significantly reduced” its proposed increase to its 3rd product which deals with high risk drivers.

The New York State Insurance Department has acted because driver behaviour has changed due to record gas prices. Drivers are making less non-essential trips and car pooling on grocery and shopping trips. This means there are less cars on the road therefore accidents are less likely to occur. Insurance companies seem to agree with this view as they have seen big decreases in their losses. In fact, in May 2008 Americans drove 9.6 billion miles less than in May 2007, the third largest drop in 66 years!

If this continues then motorists in other states can look forward to a reduced auto insurance quote from your insurer.

The Bank of England today decided to keep the base rate of inflation at 5%. Given the current economic situation there is little choice for the BoE. This means that our prices will remain sky high for even basic items such as bread, milk and eggs. Food is already 10% more expensive than last year and other costs (especially fuel) continue to spiral out of control.

In times of financial turmoil you need to save as much as possible. The best way to get cheap van insurance is to use a comparison service such as Quotezone to get you the best rate on your van insurance renewal. Comparing prices using an online search service will typically save you £200 – not bad for five minutes work!

Cheap van insurance is on its way! With all the other economic problems its nice to have some good news for once and it seems that van drivers are likely to see a reduction in their renewal prices. The reason is simple – fuel prices have driven many motorists off the road and the drivers that are left are driving more slowly in order to conserve fuel, according to recent AA reports.

If there are less vehicles on the road, and the ones that are left are driving more slowly, there is less risk of a crash for all drivers. The reductions in insurance prices will probably be seen in about 6 months.

If you need cheap van insurance today the best advice is to use a price comparison service like multi-quote.com to drive down the price of your insurance. Compare and save now!

There are a lot of sites offering commercial vehicle insurance for vans so its sometimes difficult to find sites that cater for customers who happen to have a van as their car.

There are a lot of legitimate situations where a family might buy a van instead of a car and none of the family has a business. For example, one of my friends has a son who is involved in moto cross racing. Its difficult to fit a motorbike in a car but a Ford Transit van will easily take the bike and loads of extra gear as well.

This would count as Social, Domestic and Pleasure use so the best thing to do is to get cheap van insurance quotes online from sites like multi-quote.com and phone the top quoting companies to check they allow SDP usage. You are still using the speed and time saving elements of a price comparison site but you don’t have to go to each broker individually to complete their questions.

The UK Bank of England recently voted to hold interest rates at 5%. I believe they had little choice in this decision as any decrease will further fuel the increasing rate of inflation which is now nearing 4%, double the governments target rate. Equally, the Bank of England cannot put the rate up even by 0.25% as the effect on the economy would be devastating. If interest rates rise its likely that businessesand consumers who have large amount of borrowing will not be able to cope and the outcome would likely be a recession.

The Bank of England must strike a careful balance between the threat of recession and the problems brought on by high rates of inflation such as strike action.

If you are struggling with large bills, compare car insurance quotes now at Quotezone to save upto £200 on your car insurance.

Cheap car insurance prices could be on the horizon after a continuing decline in new car sales throughout 2008. The entire new car sector is down just over 4% on the same period last year due to the credit crunch problems. The worst affected companies are manufacturers such as Land Rover who offer a product line of big 4×4 and off road cars. Customers are now looking at every penny spent and can no longer afford to buy “gas guzzlers.” In fact, Land Rover sales are down around 28% on last year. In contrast Honda is gaining customers looking for greener alternatives for their main family cars. As a result sales are up around 2% so far this year.

As there are less new car sales it follows that there are less cars on the roads. This will naturally make our roads safer and next year we could see reductions in car insurance rates offered. If the trading pattern continues throughout the year then its possible you could see discounts of upto £100 when its time to renew.

If you need cheap car insurance this year, try Quotezone for your online price comparisons.

Recent sales figures released by Land Rover show sales this year are down by 33% on the same period last year. This trend is being echoed around the automotive sector with overall registrations down 3.5%; a definite sign of delicate trading conditions on the horizon for car insurance providers.

Land Rover officials stated that they expected the downturn based on the problems in the economy and a growing number of customers opting for greener cars as consumers turn their back on “gas guzzlers.” Another statement released by the manufacturer said that trading in May 2007 had been “a very strong month” and this worsened the 2008 Q2 figures.

The Bank of England base rate remained unchanged today at 5.0% which will not ease the pressure on the automotive market. Its likely that some of the smaller car insurers will disappear or be taken over by larger rivals.

Get your cheap car insurance deals while you still can!

UK insurance companies could see losses of upto £1.5 billion this year due to the credit crunch. This may seem surprising as insurance is usually compulosry for most people. Car insurance for drivers and buildings insurance for home owners are easy examples, so you would think that insurers would be unaffected by the worsening ecomonic outlook.

It appears that the current problems are causing people to be creative when it comes to cutting costs. Many families are now getting rid of extra cars which means that there are less drivers needing car insurance.

There is also extra pressure on home insurance providers. Its much harder for first time buyers to get mortgages to buy their first property which has slowed down the entire chain. In fact, would-be first time buyers are making a conscious decision to stay in rented accomodation until the money markets improve and borrowing becomes easier. Renters only need contents insurance so the insurers are missing out on the extra revenue from buildings insurance which will cause losses later this year.

One way to control your personal insurance costs is to use a price comparison service offered by sites like Quotezone. You could save up to £200 on your annual car insurance renewal.

If you have an LC20 conviction it can be difficult to find cheap car insurance. An LC20 endorsement is defined as “Driving otherwise than in accordance with a licence.” This conviction is usually received for driving a car whilst on a provisional licence without an elligible adult driver present at the time of the offence. This offence carries between 3 and 6 penalty points depending on the severity.

An LC20 on its own will not cause a huge problem when buying car insurance but if you have combinations of convictions such as LC20 and IN10 you will find it hard to get cheap car insurance. LC20 and IN10 combinations are viewed by most insurers as very severe and the highest rating factors are used to calculate your premiums.

Quotezone works in partnership with a number of brokers and insurers and a few of our panel can offer extremely competitive rates for LC20 or LC20 IN10 combinations. Get your insurance price comparison to see if multi-quote.com can help you find cheap car insurance.

In the recent open letter from Mervyn King, the Governer of the Bank of England, to the chancellor Alistair Darling, Mr King had to explain the rapid rise in inflation to 3.3%. The letter broadly blames shocks to the economy from escalating petrol, diesel, gas and electric prices. When any of the energy bills rise by a large amount, this cost is passed on through every stage of the economy and we get high inflation.

Mr King gives the view that increasing rates will not help the current situation and puts forward a case for cutting rates or at least leaving them stable for another few months to allow inflationary shocks to work their way naturally out of the statistical range. It is the Bank of England’s view that the inflationary pressures are short term and the problems will only last between 9 and 15 months before the CPI rate returns to an acceptable level.

Given the facts put forward in the letter I expect the Bank not to raise the base rate and I believe we will see a rate cut in either July or August to combat spiralling costs.

One cost you can control is your car insurance renewal premium. Using Quotezone, you can compare car insurance prices from top UK providers such as Norwich Union, The AA, MoreTh>n, Kwik Fit and Endsleigh.