Month: November 2023

So the car insurance battle continued today with the help of Ziya.

As mentioned in there commercials, Direct Line and NFU are not on the comparison websites, so I rang them this morning. I’m not surprised they aren’t, they both gave me quotes of over £1,500.

Again I don’t see how this is justified when I have had no incident in the last 12 months, well touch wood, for many years.

So looking at the comparison sites, I ended up choosing Hastings Direct, as that came in at £718, so just over a £100 increase.

Yes you expect an increase, that’s just how it is, but NOT by nearly doubling it. It shouldn’t be like this every year, having to hunt around for the best price, it’s as if they don’t want you as a customer.

This morning I received the email I was dreading regarding car insurance, after reading some horror stories throughout the year with the ridiculous increases.

Sure enough, when I logged on to the Tesco portal, the car insurance had gone up from £613 to £1,145. An increase of £532, so not far short of doubling it. How can that be justified?

I haven’t had an incident in the last year. Just complete madness,

I rang them up and all they could get me down to was £938. We are also Tesco club card members which is reducing the cost already.  I said that was still a too bigger jumper and would look around.

It’s down to an increase in accidents and cost to repair electric cars, so I can only see this going up with the goal to move to electric cars.

So with the help of Ziya, I decided to look around.

Look out for a further blog update with the final outcome

After the chancellor autumn statement yesterday afternoon and receiving a document from my financial advisor. I asked if there would be any impact on us.

This was the response I got back –

“The NI cut will help Claire as of January. Should be a decent monthly difference to take home pay.

Savings rates are looking good, with Cash ISAs and Premium Bonds preferable (as tax is starting to touch on people’s earned interest). Largely, with inflation cooling as hoped, interest rates should have peaked, then we’ve seen some a very good turnaround this month for you portfolio (4%ish just during November) helped by some positive comments from the US Federal Reserve backed up by the Bank of England recently. So sentiment seems to have moved a lot and the outlook is improving. Fingers crossed for a better year ahead.”

Hopefully this will be case after a bumpy ride this year with the markets.

Happy to recommend my financial advisor too.