Financial & Travel Musings

One thing you can be sure of is that the car insurance companies will use any excuse to increase the car insurance rates and the icy weather is the excuse that they’ll be using when the rates go up the next time.

You can’t really blame them this time around as there definitely has been a rise in the number of small accidents arising from the icy roads. Unfortunately, they can’t claim anything back from the various branches of the government that should have been doing something about those roads so instead it’s the insurance companies and hence us that end up paying for this.

Still, at least it’s not so daft as the argument put forward this morning by the local government representative who claimed that they couldn’t do the work as it would mean that their ratepayers would end up paying for it. Her argument was that since “the department” had loads of money, they should pay for it. Actually, it makes no difference in the end as those ratepayers are the tax payers who provided the “loads of money” so the choice is between paying it via the council taxes or through income taxes but they’ll end up paying for it either way.

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Incoming search terms:

• will car insurance go up for a little acident

Most people would say that they do if they have a mortgage but that’s not the case at all.

Instead of looking for a life insurance quote, what you should really be hunting for is a good term assurance quote. The difference is that the life insurance is for your whole life whereas term assurance would be merely for the term of your mortgage. That difference makes for a substantial reduction in the cost of the insurance and you can even reduce it more if you have a repayment mortgage by getting reducing term assurance which matches the cover to the amount of the outstanding mortgage.

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We’ve still got our car insured with the French insurer but that’s going to have to change in the next few months as we’re at point where we either need to import the car or sell it.

The problem is that car insurance quotes aren’t so simple with an imported car so we have to put more effort into the process than usual. Our first problem is that the car is a model that was never sold in this country. Although the only different from models that were sold here is that it’s diesel, that means that we can’t use any of the cheapo online places that give you an instant quote and are into emailing the details and waiting for an answer. So far, those quotes have been about triple the going rate for the car which seems a touch over the top.

Thus, we’ve now gotten together a short list of specialist brokers which should come up with a more sensible quote for us.

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