Tag Archives: South West

Cost Of Car Insurance Has Been Increasing

Increasing Cost Of Car InsuranceUnfortunately, for many motorists, the cost of insuring their cars has been on the increase for quite some time as insurers have raised their premiums for a number of reasons. This is borne out by the Confused.com car insurance price index covering the second quarter of 2016.

The above index reveals that the average cost of fully comprehensive car insurance rose an average of 19% when compared with the second quarter of last year. The average premium for this level of cover in Q2 of 2016 stood at £715 per annum. You have to go back to Q2 of 2011 before you will find a larger year-on-year % increase when premiums rose by 25%.

When you compare the cost of insuring your car with this type of cover between Q1 and Q2 of 2016, premiums have gone up by 6% in the space of 3 months with this equating to a monetary increase in premiums of an average of £44 per annum.

Looking at premiums on a regional basis, it is Northern Ireland that has seen the biggest annual increase with a rise of 25% in the 12 months to the second quarter of 2016. In that quarter, Motorists in that part of the UK were paying an average of £863 per annum. Those motorists living in Inner London pay more on average for their comprehensive car insurance than any other UK region – £1,164 per annum. Motorists in the South West saw their premiums rise by an average of 20% in the 12 months to Q2 of 2016.Increasing Cost Of Car Insurance

However, on the positive side, motorists living in Kirkwall in the Orkney Islands and Hereford saw their premiums drop by average of 4% and 2% respectively.

Interestingly, it is the young motorist who has seen the smallest annual rise in premiums with 17 year olds paying, on average, an extra 8% when comparing Q2 of 2015 with Q2 of 2016. A 61 year old has seen premiums rise by an average of 24% over the same period. Having said that, a 17 year old would pay an average of £2,103 per annum for their cover whereas a 61 year old would only pay an average of £418 per annum.

So, if you have just received your car insurance renewal notice or are shortly to do so, you may wish to shop around to see if you can get a better deal on your cover elsewhere. In this respect, why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with an experienced member of our team who will endeavor to obtain a competitive quotation for car insurance for your consideration.

In Which Part Of England Are Tenants Most Satisfied With Their Landlord?

LandlordsThe National Landlords Association (NLA) has recently carried out some research into how satisfied tenants are in various parts of England with their landlord.

Interestingly, throughout all the English regions, 79% of tenants stated that they were pleased with their landlord.

The research revealed that tenants in the East Midlands are the happiest with 83% of those tenants taking part in the survey in that part of the country expressing their view that they were satisfied with the relationship they had with their landlord. People renting in the South West and North West of the country were jointly second in this satisfaction survey with 82% being satisfied – only just below the East Midlands. In third place were tenants living in the South East at 80%.

The West Midlands was in fourth spot with 79%. Yorkshire and the Humber was in fifth place with 73%. London was in sixth spot on 72%. East of England finished in seventh place on 71% and in last spot was the North East with a disappointing 67%.

As you can see, whilst the majority of tenants are satisfied with their landlord, there is quite aLandlords wide difference in terms of satisfaction between the East Midlands (83%) and the North East with only 67%. To have such a difference does seem strange and begs the question why?

There will no doubt be a variety of reasons why some tenants are unhappy with their landlord and, in a number of cases, there may be “two sides to every story”. However, it would undoubtedly be preferable if both parties got on with one another. After all, it is probably easier for a tenant to accept a rent increase if he or she is happy living in the rental property and a tenant is more likely to respect and look after the property, fittings and its contents if they are satisfied with their landlord. Apparently, the NLA can provide training for landlords to assist them in improving standards.