No-win no-fee lawyers are said to be the main cause of increasing car insurance premiums this year. Research shows that the average car insurance premium is set to rise 15 percent this year.

According to Consumer Intelligence, the average annual premium is £564.19, almost 20 percent higher than the same time last year – and is predicted to rise by 15 percent to £648.82 by January 2011.

There are two main factors contributing to the rise – the first are no-win no-fee solicitors whose ads on TV have seen many more people deciding to pursue personal injury claims after crashes, pushing up the amounts insurance companies have to pay out and therefore increasing premiums.  Read more... (143 words, 1 image, estimated 34 secs reading time)

Young drivers are often hit hard with the cost of insurance premiums. But there are things that young drivers can do to reduce their car insurance costs.

1. Reduce your insurance group
Probably the most obvious choice is to look for a car with a low insurance group as these will have lower insurance premiums. Group 1 is the lowest insurance group possible and cars that fall into this group include the Citroen C2, Fiat Panda, Ford Ka and Vauxhall Corsa.  Read more... (465 words, estimated 1:52 mins reading time)

Car insurance can be a massive expense. Here at MoneyTowers.com, we have put together 7 quick tips to help keep your car insurance premiums down.

1. Limited Mileage Policies
Make sure you know the real miles you do in your car each year. Ask your insurer if they do a limited mileage policy – often, there will be discounts if you don’t go over a particular number of miles each year. If this is only 1,000 miles off the normal amount you do, can you cut down on the miles you do in the car and thus get a limited mileage policy with cheaper premiums?  Read more... (400 words, estimated 1:36 mins reading time)

Landlord rent guarantee insurance does exactly what it says on the tin – it is a form of insurance that protects you if your tenant fails to pay their rent. Even tenants who have excellent references may be unable to pay their rent for all sorts of reasons therefore if you are relying on the rent from your tenant to help pay the mortgage on your buy-to-let property, it is advisable to take out some form of landlord rent guarantee insurance.

It is important to shop around when looking for landlord rent guarantee insurance as the amounts that the insurance covers and the pre-requisites for a payout may all differ from insurer to insurer.  Read more... (269 words, estimated 1:05 mins reading time)

There are a daunting number of types of insurance that you may require for your business and can sometimes be difficult to work out what insurance you need for your fledgling company. Researching and buying each insurance can also be a time-consuming exercise, although it is possible to buy ‘packaged’ insurance where the most common insurances for your business are tied up into one easy package for you. Packaged insurance is sometimes a good option as it ensures that there is no duplicate cover in your insurance packages. You also get one set of insurance documents which makes filing a whole lot easier!  Read more... (650 words, estimated 2:36 mins reading time)

With bonfire night just around the corner, are you covered for any damage that may be caused, or do you need to take out extra cover?

It will come as no surprise that around bonfire night, there is a significant increase in claims on home insurance policies. Damage can be caused by a range of incidents – typical claims are for broken windows, damaged roof tiles and fences, and fires as well as personal liability for injury to other parties.  Read more... (252 words, estimated 1:00 mins reading time)

When it comes to hiring a car for your holiday, some firms employ a sneaky catch to help them claw money back in the case of damage.

Here’s how it works: You book a car in Europe. Normally, you will be automatically covered for any damage to the car by a collision damage waiver which is included in the price that you are quoted. However, this does not cover the excess on the damage and this can sometimes run to hundreds of pounds. As you are booking the car, the rental company will offer you a damage excess waiver for a small fee each day – typically under £5 a day.  Read more... (449 words, estimated 1:48 mins reading time)