Analyzed Insurance

The average cost of insuring a car for young drivers has soared to a record high of £3,688, according to figures from moneysupermarket.com – but there are things you can do to keep insurance bills down. Newly qualified drivers face the steepest annual premiums at around an eye-watering £5,957.

Drivers aged between 17 and 22 could therefore face monthly payments of as much as £546 when opting to pay by instalments, which typically adds an extra 10% onto premiums.

With more than 448,000 young drivers passing their UK driving test each year, many have therefore been forced to give up their dreams of independence altogether – even after saving up for a car.

As one 18-year-old moneysupermarket.com user said on our forum: “I am trying to insure a 1998 1.25 Ford fiesta Vetec after passing my driving test last month.

“I have shopped around and tried adding my mum and dad to my insurance, but it is still £5,000 just for third party cover. It’

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Renters insurance is most important for anyone who rents a home – a good and reliable renters insurance policy is able to protect your belonging in the event of theft, vandalism, fire, and other accidents. Another advantage of renters insurance claim is that it could also provide a liability coverage if you are the one at fault for any injuries or damages to others and their properties. Although many renters are already insured with such policies, but very few of these renters actually know how to go about filing the claim. I Read more…

The FSA may well have the axe hanging over its head, be over-populated by a bunch of pen pushers and bureaucrats, culpable for the restriction in insurance products and markets available and be responsible for failing to avert the recession caused by the banks, but.

Insurance Blog will be the first to admit that the FSA in its swansong is at least trying to do the right thing, with some notable recent successes in prosecutions and forcing the banks to heel over the mis-selling of payment protection insurance.

Those small insurance brokers, insurance agents, consultants and intermediaries whose rising FSA authorisation costs and annual fees have helped fund the Financial Services Compensation Scheme to pay for the banks mis-selling crimes would be the first to disagree, however their contempt for the organisation might be tempered some if they were aware of the FSAs latest moves against their largest competitors

The Insurance price comparison websites and aggregators selling general insurance products on the Internet.

If the FSAs latest proposals for the regulated Selling of Insurance on the Internet are enforced, this could be a good thing for all small insurance intermediaries out there, who collectively currently receive less than 5% of the total internet traffic searching for Insurance.

First in the line of fire has been the Insurance price comparison websites, particularly those that compare car insurance and home insurance, and recommend insurance products to the public.

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Sun Life Financial, based in Wellesley, Mass., announced it will market its stop-loss insurance through Cigna Payer Solutions, a network connecting third-party administrators with health care providers.

Under the business agreement, any employer or plan sponsor that is a client of a TPA contracted with Cigna Payer Solutions will have access to Cignas health services and Sun Life Financials expertise in stop-loss insurance.

Cigna Payer Solutions connects participating TPAs to a network with more than 660,000 health care professionals and 5,100 hospitals.

Cigna, which has a large presence in Philadelphia, will continue to sell medical stop-loss to employers that do not work with Cigna Payer Solutions TPAs.

“Sun Life Financials ability to provide quality customer service in the TPA marketplace will offer significant value while managing medical costs for our customers,” said Jeff Terrill, president of Cigna Emerging Markets, in a statement.

Sun Life Financial offers group life, disability, dental and stop-loss insurance through 170 group insurance sales representatives in 34 major U.S. cit

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The Medicare supplemental insurance plans are found to be the most beneficial ones as they will be covering all the costs which the basic ones are not covering. The best Medicare supplemental insurance plans will be providing several benefits to you. With the aid of the online insurance quotes, you will be permitted to view the rates of the Medicare supplemental plans which are provided by various providers. This will be more advantageous to you as you will be able to compare the ratings along with the features offered by each company. Read more…

The cost of home insurance is set to increase over the next few months but taking a few simple measures now you can help keep premiums to a minimum. Households benefited from falling home insurance premiums over the first half of the year, according to MoneySupermarket’s inaugural Home Insurance Monitor. However, over the last few months that trend seems to be reversing and price increases are expected.

Julie Fisher, head of home insurance at MoneySupermarket.com said: “The cost of insuring homes in the UK, while decreasing slightly last year, seems to be steadily on the increase again.  Despite this, home insurance remains superb value for money.

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