insurance news articles 
Discount to young drivers participating in pay how you drive scheme
GreenRoad and Admiral are offering select UK councils an incentive programme that rewards young drivers who drive safely with reduced insurance premiums and the ability to earn cash vouchers when they drive in a safe manner. GreenRoad is working with Admiral to encourage young drivers to drive safely with the first 'pay how you drive' scheme in the industry. The first council to take advantage of this scheme is Staffordshire County Council, which is going live with its Young Driver Coaching Programme and installing GreenRoad’s Safety Center in up to 500 cars in the county. Admiral is of... [more]
Yamaha offers free and subsidised insurance of mopeds and scooters
Insurance is the expense that most people least want to spend their hard-earned cash on. So isn't it great that Yamaha are offering, for a limited period, free and subsidised insurance (subject to terms and conditions) on a great range of mopeds, scooters and the YBR125. You and up to three other family members can benefit from free third party insurance on selected 2008/09 model Yamaha mopeds and scooters (Aerox R, Jog RR, Giggle, the new Neo’s, X-Max 125 and X-City 125). In addition, Yamaha are offering free third party fire and theft cover on the 125cc Cygnus X and Vity, plus the YBR125 ... [more]
Car dealers unable to actively sell PPI within seven days of selling a vehicle on finance
The Retail Motor Industry Federation (RMIF) warns that car dealers are unable to provide PPI at the same time as finance packages sold to their customers, because of new restrictions on the sale of payment protection insurance (PPI). The Competition Commission has announced that in order to address a perceived lack of competition in the PPI market, they are to restrict the sale of PPI products by loan providers and retailers who provide loans. It will mean car dealers will be unable to actively sell PPI within seven days of selling a vehicle on finance, although a customer may approach a de... [more]
Sale of single premium PPI is to be banned
The Competition Commission (CC) has published its final report into the Payment Protection Insurance (PPI) market. Commenting on the Competition Commission's final report into PPI, Ian Williams, director of communications at moneysupermarket.com, said: "As a product there is nothing fundamentally wrong with payment protection insurance; indeed ABI stats recently showed a 118 per cent increase in unemployment claims on PPI policies demonstrating how the insurance can protect borrowers. But for too long now many lenders have been hard-selling selling PPI policies that were often inappropriate... [more]
Department for Transport cracks down on uninsured drivers
Latest estimates are that around 6.5% (around 2 million) of GB motorists drive uninsured. The penalty for driving without insurance is a maximum fine of £5,000 and 6-8 penalty points. Around 300,000 offenders are convicted for uninsured driving every year. Uninsured driving adds around £30 a year to every motorist's insurance premium - amounting to more than £400m a year in additional premiums. It is also estimated that uninsured and untraced drivers kill 160 people and injure 23,000 every year. Tough new powers to tackle the selfish minority of uninsured drivers who cost law-abiding mot... [more]
