An incredible 75% of drivers don't realise their credit score is linked to their car insurance premium, despite new data showing a clear correlation between the two. When asked what they thought affected their car insurance, the most common answers from drivers were no-claims bonus (71%) and age (70%), research from ClearScore has found. People are also aware they can be charged extra if they pay monthly, and have tried to cut down the number of miles they drive for a cheaper quote. But only one person in four thought their credit score could also impact the price they pay, and just one in 11 had tried to improve it to bring their costs down. ClearScore founder Justin Basini said: “A lot of us will cut down on the miles we drive or add another driver to a policy to reduce our car insurance premiums. "However, very few of us will take steps to improve our credit score, as most are unaware the elements within it can affect … [Read more...] about Three in four drivers missing key thing linked to high car insurance premiums
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The Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has proposed to reduce third party premiums for FY19 in certain segments starting April 1. This reduction in the premium rates will encourage the vehicle owners to get the mandatory Third-Party Motor Insurance for their cars and bikes.It will also provide insurers with an opportunity to come up with cheaper comprehensive insurance policies that provide financial assistance in case of an eventuality to the owner’s vehicle.Third Party Insurance Rates for Two-WheelersClose IRDA’s new third-party premium rate is good news for riders who are riding two-wheelers with having less than 75 cc engine. The proposal made for the current cost of third-party premium has been reduced from Rs 569 to Rs 427. Under this scenarios, the consumers will now save Rs 142 this year. There is also a relief for other two-wheelers exceeding 75cc but not exceeding 150cc, the rates have not been proposed to … [Read more...] about IRDA’s revised motor insurance premium rates from April 1: What it would mean for you?
I live alone and, at 63, had expected to be drawing a state pension by now. As it is, I have to wait another three years, and am getting by on the minimum wage earned from my part-time job as a charity administration assistant. Last year that amounted to £2,500. Raising the state pension age has meant real hardship for many women my age, particularly for those on their own. It is difficult to reconcile this with the frequent media reports that the over-60s are using up money and resources that younger people feel they are more entitled to. Women of my age didn’t get paid maternity leave and often gave up work to be full-time parents and/or carers of the elderly. Many of us have not been able to save for a private pension, and workplace pensions were not routinely offered as they are now. Moreover, the speed at which the state pension age is rising has meant that women born in 1951 have six more years of pension paid from age 60 than those, like me, born in 1954, who get … [Read more...] about ‘Raising the state pension age has meant hardship for many women’
The first production run from a vast new factory outside Leeds began this week – with timber delivered at one end, and just a week later a fully furnished one-bed flat popping out the other. Legal & General Homes is promising to build thousands of flats and houses a year at the revolutionary, and highly secretive, factory, and delivered around the country on the back of trucks. Is this the solution to the housing crisis – or a new age of soulless prefabs for rabbit hutch Britain? In Richmond, south-west London, the future opened its doors on Wednesday, with the first of hundreds of housing units to be built by L&G, driven down the A1 and placed on site in just a couple of hours. The housing association that has ordered the homes, RHP, buys them off-the-peg for at least 15% below the standard cost for onsite construction. It is an extraordinary move by L&G, better known as a car and home insurer, which if successful will catapault it into the top league of … [Read more...] about Prefab sprout: off-the-peg homes bid to ease UK housing crisis
Bosses at Thomas Cook pocketed a £47million pay bonanza as the firm headed for the rocks. Last night, after the travel operator was dramatically declared bankrupt, furious customers demanded executives hand back some of their ‘rewards for failure’. Boris Johnson also intervened, asking why directors had paid themselves large sums as the company went ‘down the tubes’. Ministers have opened an investigation into how Thomas Cook sank under £1.6billion of debt. Up to a million customers have seen their holidays thrown into chaos by the collapse of Thomas Cook. Many are unlikely to receive compensation (stock image) Stranded tourists line up in front of the Thomas Cook counter at the Cancun airport in Mexico. Thomas Cook folded in the early hours of Monday morning putting 22,000 jobs at risk worldwide, including 9,000 in the UK and signalling the closure of more than 600 agency branches Up to a million customers have seen their holidays thrown into … [Read more...] about Greed of the Thomas Cook fat cats: How high-flying bosses creamed off £47MILLION in pay and perks in the years before travel firm collapsed – leaving 156,000 stranded