Telematics (or ‘black box’) insurance can cut costs for young drivers. What's on offer?
If you’re looking to save money on young driver insurance, a 'black box' device may be the answer. But policies vary widely.
If you’re a young driver or you’re the mum of one you’ll know that car insurance can cost thousands. Shopping around can cut costs, as can making sure you don’t drive a souped-up car. But some of the biggest savings come from choosing a telematics or ‘black box’ insurance policy. They were first launched a few years ago but didn’t really take off at the time. Now, they’re much more popular and there's a handful of companies offering them. What's on offer?
Car insurance costs will rise for young female drivers from Friday.
Gender-neutral pricing will mean young women pay more for car insurance. How can you save on the costs of cover?
According to BIBA, the British Insurance Brokers’ Association, young female drivers will pay on average 15% more for their insurance from December 21st. That’s the date that insurance companies will no longer be able to take gender into account when setting premiums. So how can female drivers save money on their car insurance?
The Halifax has been told it should compensate a customer after withdrawing ‘pet cover for life’, but where does this leave pet owners?
Early in 2012 Halifax and Lloyds wrote to customers who’d taken out their ‘cover for life’ pet insurance to tell them they were going to stop offering it. Not only that, but they wouldn’t provide cover for existing customers. The Financial Ombudsman Service upheld a complaint from one of its customers, and told the companies they must compensate customers.