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Moneynet.co.uk Issue 59 - September 2007
Moneynet Home Loans Credit Cards Insurance Mortgages Banking & Saving Refused Credit Product Guides

If you've been with your existing insurer for a while you could be paying too much for your car insurance. Most insurers reserve their very best prices for new customers so unless you shop around at renewal time you are probably paying more than you need to. Here at Moneynet you can now search 98% of the market with one simple search and the unique star rating helps you to find the policy which is best suited to your personal circumstances as well as the one with the lowest price.



The cost of car insurance has been getting more expensive and with claims for accidental damage and personal injury on the rise, the cost of insuring your car is likely to increase year on year. As your car insurance renewal date approaches you can expect to receive a renewal notice through the post from your current insurer. If you do nothing your insurers will automatically renew your insurance policy and charge you for the privilege.
If you do not wish to renew your car insurance with the same provider, you must inform them, otherwise they will roll over the policy for another term.
Although this may appear to be unfair the insurers argue that they are maintaining your legal obligation.

Many people probably take the easy option, do nothing and carry on year after year with the same insurer, usually paying more than they need to. This really is equivalent to burning fivers except that you are also lining the pockets of the insurance companies. The concept that being a loyal customer will bring its own rewards is usually not the case. Most insurers concentrate on discounts to attract new customers and forget all about the customers who have been loyal and stay with the same company year after year.

If you are one of the many people who let their renewal pass each year without looking around for a better deal then here are a few examples of how you could be missing out.
  1. Change of Circumstances - Each insurer specialises in a certain type of driver so when your renewal date arrives your profile may have changed. For example a change of address or employment, new claims or convictions. This will make some providers more or less competitive for you compared to last year.
  2. Compare like-for-like - Although price is probably the most important factor you should also ensure that the policy meets your individual needs and circumstances. Every policy gives a different level of cover which can be matched to your own requirements. When looking around for an alternative quote make sure you compare policies on a like for like basis.
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Compare Car Insurance Prices >>>

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Car Insurance Banking & Saving
Secured Loans Home Insurance
Best Buys Travel Insurance

2 great reasons to review your live cover today.
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Get impartial advice from one of our experts
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 Life Cube Life Insurance
 Life Cube Life Insurance Compare 200+ life plans in minutes. Life cover from £5 a month. Cheap life insurance quotes.
Life Cube Life Insurance

 Swinton Motor Insurance
 Swinton Motor Insurance Up to 20% off when you buy online. Cheap quotes from the UK's top insurers.
Swinton Motor Insurance

 


spotlight on...

credit cards

Barclaycard Platinum
  Typical 14.9% APR
variable

  0% on balance transfers
for 13 months
  0% on purchases for
3 months
more

MBNA Platinum Plus
  Typical 15.9% APR
variable

  0% on balance transfers until
Sep 08 (3% handling fee
applies).
  0% on purchases until Dec 07.
more

mortgages

Debtbuster Mortgages
  Been told 'NO' because
  of bad credit?
  We like to say YES!
  Get FREE expert advice & let
let us search 100+
remortgages for you today.
more

Beech Finance
  Great Mortgage and
Re-mortgage deals to suit all
  Nothing to Pay for 6
Months On Secured Loans
  Free Quote and dedicated
specialist to help
more

Intelligent Finance Offset Mortgages
  Make your money work harder!
  Find out more at IF.com
 Your home may be repossessed
if you do not keep up
repayments on your mortgage
more

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

unsecured loans

Barclay Loan Plus
  Buying a car? Why not
take advantage of these great
offers
  25% discount on RAC
breakdown cover
  Free HPI car history
check on all used cars
more
homeowner loans

Picture Loans
  Typical 8.4% APR
variable

 £10,000 to £100,000 over 10 to
25 years
  Any purpose secured loans at
competitive rates
more

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

banking and saving

Bank of Scotland IASA Reward
  Take advantage
of 6.35% AER
  Guaranteed for 1 year.
  On balances between
£100,000 and £1 million.
more

Moneynet is a trading name of Sterling Business Consultants Limited of Sussex House, 8-10 Homesdale Road, Bromley, BR2 9LZ. Registered office is 51 Eastcheap, London EC3M 1JP, Reg No: 03165711. Moneynet is authorised & regulated by the Financial Services Authority. This site is intended for UK residents only. Information correct at time of publication.
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