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Car Insurance for an LC20 Conviction July 5, 2008 No Comments

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.

Bank of England Likely to Cut Base Interest Rate in July 2008 Meeting July 2, 2008 1 Comment

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.

Car Insurance News – Norwich Union Cancels Pay as You Drive Insurance June 30, 2008 No Comments

Norwich Union has announced that it has stopped offering pay as you drive car insurance policies. NU has been trading in PAYD policies for about 2 years and it seems that lack of interest is the reason for the cancellation. Norwich Union originally predicted around 100,000 motorists would take up the offering but although no official figures have been released, industry insiders have speculated that as few as 10,000 motorists have a PAYD policy.

NU also blame car manufacturers for being slow to integrate the telematics technology into the standard build of their vehicles. The telematics technology is needed to communicate data to Norwich Union’s GPS systems.

With low take up rates and waning interest it seems that pay as you drive schemes could soon be phased out as insurers look for ways to increase profitability in difficult trading conditions. Young drivers are likely to be worst affected by this as they could get discounts for driving on quiet roads and avoiding travelling at rush hour and other busy times. Young drivers often find it hard to get cheap car insurance and pay as you drive schemes allowed thm to prove a good driving record to their insurers in return for a discounted premium.

multi-quote.com offers great advice for ways to get cheaper insurance.

Travel Insurance – Summer Holiday Plans June 26, 2008 No Comments

Its coming up to the summer holidays and I was thinking of going to Cyprus.  I found a great site, Capital Coast Resorts, offering one weeks accommodation for £249 for four people.

This started me thinking about my travel insurance policies.  I currently don’t have any travel insurance so I would start by getting a comparative quote from Quotezone then visiting some other direct sites like Direct Line and Insure and Go to try and push the price down.

Car Insurance News – IN10 Convictions Increase Due to Crackdown June 25, 2008 No Comments

Police forces across the country have been spot checking young drivers to make sure that they have the correct paperwork and documentation.  Its a common misconception that if you are insured on a comprehensive policy you are allowed to drive other cars using third party only insurance.  This benefit is only available from a few insurers and you may have to ask your broker to set this up when you purchase your policy.

If you are driving without the correct insurance then its possible the police can give you an IN10 endorsement – Using a vehicle uninsured against third party risks.   If you have any friends in the car with you then in theory, they could all receive an IN12 conviction – Aiding, abetting, counselling or procuring using a vehicle uninsured against third party risks.

IN10 and IN12 driving convictions are very serious and carry a 6 to 8 point penalty on your licence.  Make sure you read your policy carefully if you need to drive any of your friends cars or you could end up with insurance woes.

Quotezone offers a range of convicted driver insurance packages, compare prices now to get your cheapest car insurance rates.

Auto Insurance – The Fastest Way to Cheap Online Quotes June 21, 2008 1 Comment

Using insurance searches such as our quick auto insurance search might be the fastest way to get cheap online auto-insurance. I’ve recently been thinking about online auto insurance price comparisons and after a bit of research I think that visiting separate company websites to enter quote information is moderately better than using a price comparisons service.

The sites I visited were mostly data collection sites dressed up as quote comparison sites. I don’t see much benefit in this way of collecting quotes and it would be better to simply visit two or three of the big sites such as Progressive and Geico. By entering your data into these sites directly you can be sure that any prices you obtain will be honoured by the insurers without any problems introduced by translating data from comparison sites into multiple company systems. This might take a few minutes longer but checking around for your prices will get you a good discount from one of them.

multi-quote.com offers a simple lookup facility for you to get the top insurers operating in your state. Fill in our quick and easy form and save up to $200 on your auto insurance premium!

UK Interest Rates – Bank of England to Cut Rates in July 2008 Meeting June 18, 2008 1 Comment

Earlier this month the official figures were released showing the UK CPI inflation rate had risen to 3.3%. The remit of the Monetary Policy Commitee is to maintain CPI interest within 1 percentage point of 2%. If the upper limit of 3% is reached, the Governer of the Bank of England Mervyn King must write a letter to the chancellor to explain why. This open letter was published on the B.o.E website along with the reply from the Chancellor Alistair Darling.

There has been some speculation that the Monetary Policy Committee would do all it could to maintain the rate at less than the 3% threshold but there is no evidence of this within the letter. In fact, Mervyn King gives a good account of the state of the UK economy and explains that the increase in inflation is unforseen and unavoidable, a direct result of the increasing price of fuel, food, gas and electric. As such, he believes that the Bank must act to stabilise the increase in inflation whilst safeguarding against any possible slow down in the economy. There is even a clear indication that interest rate cuts may be necessary, even though this is the opposite course of action usually taken to reduce inflationary pressure.

In one section the Governer states:

“We have seen in the past how the need to reduce inflation from persistently high levels has prolonged periods of subdued economic growth. ”

This is a clear indication to the Chancellor to rate cuts instead of increases and is hinted at again in the letter.

“I expect, therefore, that this will be the first of a sequence of open letters over the next year or so.”

Meryvn King looks to be taking a very sensible long term view on for the UK economy and hinting at rate cuts in order to stabilise inflation over the course of twelve to fifteen months.

While costs are increasing by the day, renewing your car insurance need not be another financial fiasco. Compare car insurance prices online with Quotezone and save yourself up to £100 on your renewal premium!

Fuel Price Rises Mean Misery for Van Insurance Customers June 17, 2008 No Comments

The price of a litre of petrol is now well on is now around £1.20 and diesel is a sky high £1.30 a litre!  According to a recent money supermarket survey, around two thirds of drivers thought that if the rises continue then they would find it extremely hard to cope with the extra strain on their finances.

The situation is not being helped by the fuel blockades which have the effect of  increasing demand and further escalating the price at the pump.  The continued pressure will only worsen the economic conditions as the small amount of disposable income that is left is being used up on the cost of living.  Over time we may even see people change their jobs to a work place more local to them as commuters and van drivers are hit hardest by the rises.

Its important to save money where ever you can to combat this situation so shop around for your van insurance and get price comparisons from Quotezone to lower the cost of your insurance.

Motoring Convictions – TS10 is the new SP30 June 16, 2008 1 Comment

We’ve all heard the phrase “brown is the new black” but apply this to car, bike and van insurance and it becomes “TS10 is the new SP30.” What this really means is that there has been a big increase in the number of quotes where drivers have a TS10 conviction according to a respected insurance broker. In fact, their research shows that if TS10 convictions increase at the same rate, it won’t be long before they are more common than the SP30 endorsement.

The explanations of these two driving conviction codes are:

This rise makes sense when you consider the amount of traffic light cameras that are appearing on our roads. Protests about speed cameras seem to have died down over the past year but I suspect the police have found another way to add to this revenue judging by the insurance statistics.

The good news is that insurance companies class both of these convictions as minor driving offences and with some insurers, it does not add anything on to the premium if you only have one of these endorsements on your licence.

Got an SP30 or TS10 motoring conviction? Quotezone compares car, bike and van insurance prices to get you the best rate.

IN10 LC20 Driving Convictions – Cheap Car Insurance June 13, 2008 No Comments

If you have a less than perfect driving history then its likely that you’ll find it hard to get cheap car insurance.  Many drivers with IN10 and LC20 convictions are faced with the problem of ringing around specialist brokers, spending lots of time on the phone and sometimes getting ripped off or even worse, refused insurance.

Most online sites will not give out quotes for this combination of motoring convictions so the endorsements take away a lot of choice when you most need it.  For those that are not experts in the motoring conviction endorsement codes the definitions are:

Luckily there is a new breed of online brokers and insurers who specialise in low cost, cheap car insurance for drivers with these circumstances.  Quotezone is one such site, able to offer quotes via its online partners for most of the major driving convictions.

Remember, Quotezone can offer you a range of cheap car insurance quotes for IN10 and LC20 convictions.