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.
Admiral car insurance has warned car drivers that they could see their premiums 5 percent higher by the end of this year.
In the first half of the year insurance premiums have risen by around 2.5 percent according to data collated by Admiral, with a similar level of increase expected in the second half of the year. On the back of all the other price rises that are hitting consumers there appears to be no escape from rising costs.
What seems to be happening is that the cost of car insurance is going up even though the number of claims is relatively unchanged. Admiral suggest that it may be the increasing cost of repairs that is forcing premiums up.
Being caught using a mobile whilst in the car is going to prove even more costly as insurers will increase premiums for those charged says AA Insurance.
Having checked the situation with 8 different insurance companies across the market AA Insurance found that premiums could cost between 4 and 18 percent more because of a mobile phone offence. This can easily add GBP40 or more to the average annual premium.
A spokesman from AA Insurance explained that using a hand held mobile phone whilst driving means reduced vehicle control, slower reaction times and a heightened risk of an accident. Therefore premiums are naturally going to be more as the risk is greater.
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