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January 28th, 2009
According to a survey carried out by AON, a leading Risk Management and Reinsurance specialist, the vast majority of UK underwriters expect to see a rise in insurance premiums during the first quarter of 2009.
92% of Uk underwriters predicted an increase in premiums for vehicle insurance, whilst 74% felt a rise in property rates was on the cards. 69% thought that liability premiums would increase.
Aon commented that, ‘Insurers are looking to make up for three to four years of offering competitive rates, as well as dealing with rising claims costs and a difficult economic environment’.
However, despite rising prices, Steve Redgwell, Aon’s broking director for mid to large sized UK businesses expects competition between insurers to remain as strong as ever.
“Underwriters are still hungry for new business and it is possible for companies to achieve highly competitive rates – as long as businesses can evidence that they are committed to and have a culture of good risk management,” .
Commenting on the prospect of an increase in rates, he said, “We are hearing very strong messages from insurers about rates rising but these have not yet manifested themselves into actual increases. However, UK companies must be aware of and prepare for the imminent shift in insurance market conditions that could affect their cover and premiums.”
December 8th, 2008
Up to 15% online discount and up to 70% No Claims Discount
If you’re a new customer, you’ll get up to 15% discount in your first year, when you buy Tesco Standard Car Insurance online. Excludes Value Car Insurance. Minimum premium applies
Earn up to 65% No Claims Discount plus an extra 5% on top if you are over 50.
Multi-car discount and discounts for named drivers
If someone in your household is already insured with Tesco and another household member insures his/her car with Tesco, they will be entitled to a discount off their premiums.
Plus, a named driver on a Tesco policy will be entitled to a discount when they take out a policy in their own name provided they have driven claim free.
Note
Discount is based on the number of continuous claim-free years as a named driver (min. 1 year) and the policy you are named under being live when the discount is applied. This benefit may not be applicable on policies with other insurers.
Company car and motorbike no claims discount
If you’ve earned no claims discount driving a company car or motorbike, we’ll take your claim free years into account and give you a discount on your premium when you insure your own car with us.
Available to customers 25 years or over who have been the main user of the company car or motorbike; given up their company car; enjoyed sole use of the car (not a pool car), including social domestic and personal use. The driver must have proof of claim-free driving (irrespective of policyholder’s age).
New drivers - Pass Plus discount
If you’ve improved your driving skills by successfully completing a Pass Plus course, we’ll reward you with up to 40% discount. Drivers must be claim free, have held a full license for less than one year and have no convictions.
Exclusions apply. You may not be eligible for all discounts on a single policy. Discounts are applied consecutively.