Getting Cheap Insurance

Are you planning on saving money this year by taking your car on holiday with you? Millions of Brits are heading for continental Europe in their own vehicles to save money on rentals and local transports. Why not? After all, most drivers will not have to pay anything extra to drive their cars in France, Italy, Spain and other such European countries. However, you may want to check the small print of your policy, especially if you have performance car insurance, because you may well find that you are not as covered as you think you are.

First of all, it is important to clarify that most performance car insurance policies do offer a level of cover for those people wanting to take their car abroad.

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Think you are buried under your car debt? It might help change your perspective if you see some of the world’s most expensive cars – and how much they would cost if you chose to finance them. Would you pay thousands in interest just for the privilege to own one?

Bugatti Veyron Super Sport

This luxury sports car costs nearly $2.6 million at the time of purchase, but if you chose to finance it for five  years at an APR of 10%, you’d pay an additional $55,242. That w

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The number of fleet vehicles being driven with illegal faults (such as defective lights and tyres) has more than doubled in a year, according to estimates from RAC.

The Aviva subsidiary points out that aside from breaking the law regarding vehicle roadworthiness, negligence over faults increases the risk of companies being charged with corporate manslaughter.

In the first quarter of 2011, RAC fleet checks failed 36% of vehicles for tyre maintenance and 20% for faulty lights, with the failure rates up two-fold and four-fold respectively on the same period of 2010.

Furthermore, 37% of vehicles checked failed their inspection for under the bonnet fluid levels, an increase of 26% on last year.

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The Legal Services Board (LSB), which oversees the regulation of lawyers in England and Wales, has come out against a total ban on referral fees, preferring instead to prevent abuses in the system by strengthening transparency.

The decision marks the conclusion of an LSB review based on economic analysis, consumer research and advice from the Legal Services Consumer Panel.

The Board’s new guidance provides more flexibility to approved regulators in the sector, and requires regulators to make sure consumers know when referral fees are in operation, and to whom they are being paid. <

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The Association of British Insurers (ABI) is calling for a clampdown on the “pain in the neck” culture which it says has made the UK the whiplash capital of Europe.

With one in every 140 people claiming whiplash injuries a year, the ABI highlights the need for action as follows:

Nearly 1,200 whiplash claims are made every day in the UK; six times more than the number of people who claim for workplace-related injury every year.

The cost to the NHS of treating whiplash is estimated at £8 million a year.

Three-quarters of personal injury claims in the UK are for whiplash, more than elsewhere in Europe.

Insurers pay out nearly £2 billion a year in claims for whiplash.

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