london & pacific insurance

london & pacific insurance
For drivers in the UK the issue of car insurance premium remains an important source of worry given the rate at which costs keep rising. Although not unmindful of the general inflationary trend in the country, the growing costs of maintaining a car leaves not a few in doubt of the possibility that motorists may soon opt for something less expensive.

In recent times, many have focused on a bicycle or bike ride or even more on business or rental car. This decision is mainly due to the fact that the cost of refueling a car is at a historic high, and in addition to other costs, it is less economic sense to want to be in possession of a private car. One option was for a couple to subscribe to Car Clubs, where, on average, people can bring their costs considerably.

However, the convenience, which possess a car of an election is incomparable to rent for hours or days or even weeks. For people who believe in this direction, regardless of the costs - fuel systems, insurance and general maintenance - it will remain unaffected. And they can even pay for some of the advantages.

An example of overpaying at one of convenience, by the cost of car insurance premiums over a 10-12 months. This makes the payment a little less stressful, but it helps the insurer to the policyholder to load.

A study by uSwitch.com, which exposed the dilemma, so that a driver, car insurance monthly pay at the end of an additional payment of £ 50 per year, compared with those who pay an annual fee. Thus, it found that an estimated 13 million people who are to be paid monthly together over nearly £ 624 million per year on car insurance, with extra payment.

The loophole taken advantage of by insurers is that when drivers subscribe to this payment option they are easily slammed with an average APR of 23.8 per cent. This research for the show is even four times higher than the current best buy unsecured loan rate. With gasoline costs by 31 percent in the driver's shoulders are more burden than it rationally should be taken.

As gasoline prices keep rising, now up to € 500 more than the cost a year ago, the situation allows drivers to pay a total in excess of £ 2482 or about 14 percent of average net earnings.

Analysts are of the opinion that the driver in a way to help with their problem by their insurance premiums on a monthly basis, but as to save costs by an annual payment. Paying the premium instalmentally, as much as it brings some relief to the policy holder, is only a temporary solution which, if weighed carefully, is even Needless.

Imagine paying an average of £ 506.76 instead of paying £ 459.44 a year if you pay in full. For a male rider insurance an Audi A4, which had a license for 13 years, it is even worse, as is always the case, for example, how he pays the equivalent of annual interest rate of 24.9 percent. The premium increases from £ 553.50 £ 621.30.

Understandably, the natural thing for all, the insurance is the need to reduce the costs and the payment as easy as possible, where the probability to achieve both. But if it would normally be impossible for a person who would be better to do. Even in a situation like this considering all options, including the comparison of tenders and the cost of care could be used in each piece.

Musa is the author of several articles on car insurance. He is known for his expertise on this subject and on other Business and Finance related articles.