insurance news articles 
Value and number of winter sports-related travel claims double in two years
According to Sainsbury's Finance, the average cost of winter sports-related travel claims doubled in two years (47.6%). In addition to the value of individual claims having increased, the number of claims is also on the rise, with the number of winter sports injuries incurred in the USA and Europe during winter 09/10 up 8% and 4% respectively on the number of claims seen during winter 08/09. The supermarket bank urges people heading off to winter sports destinations this year to ensure they have their European Health Insurance Cards (EHIC) and comprehensive travel insurance before they leav... [more]
A potential 19 million drivers could be missing out on cheaper car insurance
According to new research by Gocompare.com,although 61 per cent of consumers are expecting 2011 to be a very difficult year financially, over 12 million of them have never switched any of the 20 most common financial products including car insurance, home insurance, energy provider, credit card or mortgage lender. * 25.9% of consumers have never switched any of the 20 most common financial products * 13.6% of drivers have NEVER switched their car insurer * 13.8% of consumers have NEVER switched their home insurer * 29% have NEVER switched bank accounts * 15% have NEVER switched their mo... [more]
New step forward in the fight against uninsured driving
Latest estimates are that around 4% (around 1.4 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 242,000 offenders are convicted for uninsured driving every year. New powers to tackle uninsured driving will come into force within months, Road Safety Minster Mike Penning has announced. Under the new powers it will be an offence to keep an uninsured vehicle, rather than just to drive when uninsured. Currently every responsible motorist pays an average £30 each year within their premiums to cover c... [more]
One third off the cost of their policy for new Sainsbury's Pet Insurance customers
Quality pet insurance does not need to be expensive; good cover at a competitive price can be found by shopping around for the best deal, and it is essential to compare policies on a like-for-like basis - comparing on price alone could be disastrous. New Sainsbury's Pet Insurance customers can take advantage of one third off the cost of their policy. The policy, which provides cover for up to £7,500 per condition for veterinary treatments, is only available to new customers and must be bought online before 28th March 2011. Those insuring a second pet with Sainsbury's Pet Insurance will ben... [more]
Half of car and home insurance customers don't shop around
According to new research from Virgin Money, car and home insurance customers are willing to swallow over £1.5 billion a year in premium increases before they shop around for a better deal. The average insurance customer will accept an 8.13% across-the-board rise in their annual motor, home contents and buildings premium before they decide to switch to a more competitive deal. That's the equivalent of paying almost 13 months worth of premiums for 12 months of cover. Virgin Money's research also shows that 45% of policyholders don't shop around, while 55% always do, and they spend an aver... [more]
