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Insurers urged to show old premiums

CAMPAIGNERS are urging insurers to show last year's premium alongside any renewal quote they give to prompt people to shop around more for a better deal. Research by Which? found that nearly nine out of 10 (85%) people would find it useful to have the amount they paid last year on a renewal letter for any type of premium such as car or home insurance.

Average cost of car insurance down 12.5%

The average cost of insurance is now 12.5% lower than it was a year ago, thanks to new EU rules on gender equality. That’s according to over four million quotes analysed on Confused.com. On Bing: see pictures of male drivers Women and car insurance – all the facts The rules, introduced at the end of 2012, said a person’s gender shouldn’t affect their insurance premium.

Tracker launches ‘My Tracker’ & opens up a whole new market

If you have a car that costs a bit more than average, you’ve probably been told you need to fit a Tracker if you want to get it insured, so the insurance company has a fighting chance of recovering your car in quick sticks if a light-fingered lout makes off with your pride and joy. It’s a clever system that uses hidden sensors to track the car’s movements and helps the police find your car when it’s been stolen. And it’s a good business for Tracker, who have demonstrated the recovery rate of stolen vehicles is far higher when their system is fitted which means a ready market when insurance companies insist it’s fitted to high value cars.