Tesco Finance has introduced a range of vehicle warranties to its list of products, with prices starting at less than GBP10 per month.
The new Tesco Finance car warranty products enable customers to protect against car repair bills and can be used on most cars up to 10 years old, with mileages of upto 100,000 miles. The warranties cover most main mechanical and electrical problems and comes in three variants – starting with Value, then Standard and on to the Tesco Finest option.
Customers can now rely on Tesco Finance for peace of mind in yet another area of financial management and with the cost of car repairs rising as they grow more sophisticated a vehicle warranty product makes a lot of sense.
Research from AA Insurance has found that around 22 percent of people in the UK are intending to take a holiday in Britain this year in order to cut down their costs of travel.
It appears that the rising costs in all aspects of travel are making people think about alternatives to try and reduce their expenditure. This has also driven more people to look at smaller vehicles to save money that way. There can also be insurance benefits in this, as well as better fuel economy said an AA Insurance representative.
As with all things the key is to find something that is suitable, so making sure there is enough room for people, that the engine can deliver the performance needed for regular long journeys and so on. AA Insurance see claims for all sorts of issues relating to unsuitable vehicles, so ensuring it is fit for the job it will have to do is paramount.
A study carried out by Sainsburys Bank looking at data for the last 12 months has shown an increase in car insurance cover of 5.8 percent.
Sainsburys Bank has been studying the data since 2005 and this is the first time that the average annual premium has gone over the GBP500 mark, standing currently at GBP514. Commenting on this increased cost a spokesperson explained that premiums take into account both the cost of vehicle repair and personal injury and as these increase so premiums have to go up to cover those costs.
Car insurance premiums are also affected by the number of claims, something Sainsburys Bank would like to see reduce. They are therefore asking drivers to take more care behind the wheel, avoiding dangerous activities in order to have less accidents which will then lead to a reduction in insurance costs.
