Excellent first quarter results for the Admiral group have raised expectations for a record year through the rest of 2008.
Turnover for the car insurance provider was up by 14 percent in Q1 compared with the same time last year at GBP232 million. More excellent news came with the increase in customer numbers that was also recorded. Admiral saw the number of customers rise by 17 percent, a factor that leads them to consider the possibility of a record year.
The CEO from Admiral insurance said that they would keep delivering good results in spite of the difficult trading conditions they are dealing with. Car insurance is something that everyone needs and by being competitive they can win more market share.
Direct Line are asking all van owners to make sure they have the correct insurance cover otherwise they could find themselves out of pocket in the case of a claim.
Most van drivers use their vehicles for commercial purposes so it is vital that they get the correct van insurance that covers business use. Another aspect that many drivers of vans fail to appreciate is that it is classified as a place of work and so the smoking ban is in force. Drivers can be fined up to GBP2,500 for this warn Direct Line.
Van insurance has become much more competitive in recent years, with companies such as Direct Line recognising the increased demand for cover and therefore developing their products accordingly.
Government proposals for new 20 mph zones are receiving mixed responses from officials says car insurance provider Swiftcover.
There has been talk of a new generation of speed cameras supporting these new zones, though a safety campaigner from Exeter was unsure as to whether the cameras were the best way forward. A 20 mph zone would be in area where there are going to be children it would be thought, so the placing of speed cameras would actually take drivers eyes away from the road and onto their speedometers, thus negating the point of the zone in the first place.
An alternative view was put forward by a county councillor who felt speed cameras would be better than traffic calming measures, feeling they would be more effective.
