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.
More Than Insurance has confirmed what most parents already knew, that they show less patience than their children on car journeys over the summer.
Data gathered from the survey found about 10 percent of parents feeling the first signs of impatience and irritation in the first 10 minutes of a journey. More Than Insurance also found the average time parents can manage before they want the journey to end is just 24 minutes. Children on the other hand managed a full 90 minutes before feeling they needed to get out. Children do have the benefit of MP3 players, books and games in the car that greatly helps on the journey.
From a car insurance perspective it is important for parents to remain calm so as to retain full control of the vehicle and maintain their levels of alertness toward other road users. More Than Insurance hope this recent survey will highlight this need for parents, leading to safer and more relaxed journeys.
The car is being blamed for most of the pollution of the world, though this is far from reality as far as many are concerned. However Budget Insurance are on hand to help make it all better with their new emissions offsetting car insurance policy.
The insurer claims that one hundred percent of the customers carbon dioxide emissions will be offset for the duration of the policy. How this will work is that a contribution will be made to projects organised by the Carbon Neutral Company, who are overseeing different eco friendly activities across the globe that are helping clean it up.
This initiative from Budget Insurance is seen by some as a practical solution to going green, recognising that the car is a much needed mode of transport in many parts of the UK, but wanting to do something to mitigate its effects on the environment.
