The UK Insurance Blog

In the article “Insurance – how to get the best deal” people considering cancelling their insurance should think again! The article mentions there is a tendency to consider insurance a luxury when they should be seeing it as a necessity. Now that we are all feeling the pinch during these financially trying times, the last thing we should be thinking about is cancelling our insurance.

These are uncertain times, and now is the time to have a safety net in place and hang on to our insurance policies. And if we don’t have any, we ought to look at getting some! We need our jobs more than ever, so what happens if we fall sick or our house gets flooded. Keep the insurance going but look at ways to save money on your policy, is the message conveyed by the consumer expert Dominic Littlewood off the telly!
Dominic has never paid full asking price for his insurance! We need, he says, to pay attention to our policies and when they approach expiration, not to blindly sign the renewal. We ought to shop around for a better deal and he believes there is always a better deal to be had somewhere.

By shopping around for another insurance company, you could be saving as much as twenty per cent off your current cover. He suggest beginning with checking out an insurance comparison website, the easiest way to acquire quotes from a number of companies in one fell swoop. He offers other tips for getting cheaper insurance quotes as well but insists you should never lie about your circumstances to achieve reductions and discounts. With these top tips in mind, he brings our attention to his checklist of top tips on how to get cheaper insurance.

Ready? Fasten your seatbelts for Dominic Littlewood’s money saving masterclass!
Comparison sites to check out before you make your first move include the moneysupermarket website. Next, get ready to do some bartering! Using these website as a starting point, the next thing to do is to ring up the insurance companies and get them to improve on their quotes.

All you need to rehearse saying is the following “Your company has quoted a price on my car insurance online, but I’m unhappy with it. What is your best price?”
After giving you a quote, announce you will give them a ring tomorrow. Remember this top tip, you should never accept a quote immediately! And last but not least, take this best quote to another company and ask them to better it.

Try out these top tips from one of Britain’s much loved consumer experts and you ought to never look back again!

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During these tough financial times, people are under pressure to ‘tighten their belts’ outlines the article “Families cut back on savings and pensions to cope with rising costs” Cut backs are going on everywhere you look. People are constantly on the look out for new ways to stretch their money and in some cases people are preparing to default on payments, defer insurance policies and slide into debt. The people surveyed by American Express insurance revealed their savings accounts would be the first to suffer, they would stop paying income protection insurance and other insurances while 14% would stop paying into their pension funds.

The problem of debt seems to be increasing all the time. The people at the CCCS (Consumer Credit Counselling Service) reported an 18% increase on debt advice in July and August on the previous year.

Prices are rising all the time and with increasing food and petrol prices placing more strain on the family finances, twelve per cent of people surveyed revealed they would, if pushed, reconsider paying off their credit card bills. Similarly, people revealed they would look at stopping their monthly car finance payments or paying towards their personal loan balances.

Surprisingly, 8% of people who took part in the survey revealed they would consider dropping their home contents insurance, while 17% would stop their pet insurance. These are the lengths people are willing to go to just to make ends meet while the nation is in the grips of a credit crunch.