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The Financial Services Authority (FSA) has announced plans for a significant restructuring of the authority. We will see the retail and wholesale divisions merged into one business unit, risk...
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Sunday 27th July 2008
For those who have been driving for 20 years or more, the car insurance market of today bears very little resemblance to the one of two decades ago. Prices are much higher, cover seems to be less comprehensive and the cost of cover seems to rise substantially each year. However, cast your mind back to the days when you were learning to drive - did your parents add you onto their insurance to learn in their car? If so the cost was probably less than £100, but what about today?
The learner drivers of today are being given no assistance by the insurance market with many companies quoting sky high prices to affectively scare off the business. The joy riders of yesteryear have given new car drivers a really bad name and this seems to have affected everyone. Even the cost to add one of you children to you car insurance will be substantially more than you pay, possibly by 3 or 4 times!
For many new drivers the cost of the car is coming second to the cost of insurance and more new drivers are seeing the stark facts - that they cannot actually afford the insurance in question. |
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