The Northern UK suffers most from rising insurance costs. It is important for these drivers to save everywhere they can, from the high insurance costs to things like fuel. Yorkshire and North-West had the highest rise in car and van insurance prices during 2011. The new study by confused dot com revealed this as a means to make drivers aware they could be paying too much depending on where they are located.
The information was based on four million quotes which showed that prices have risen. In the northern area it seems prices have gone to a much higher rate than inflation. A comprehensive policy is 844 pounds over 804 pounds of a year ago. It is a 40 pounds change, but that can have a significant impact on some car and van owners.
Bradford drivers experienced the worst increase with insurance with a change of 17.1 per cent. Oldham and Manchester followed closely with 14.8 and 14.4 per cent increase respectively. There were huge falls in some of the larger post code areas like price falls in Scotland. Falkirk dropped by 4.6 per cent in the last year.
Not everywhere is suffering from these increases in insurance costs, but it can affect one’s business. There are certainly technologies out there that will help reduce car insurance costs. Some car insurance companies offer a black box that will help modify a driver’s behaviour so that it will improve and thus offer insurance discounts.
Fleets can also find discounted rates with insurance by installing fleet management devices such as GPS tracking. Anyone who wishes to save more on their driving fees can install GPS to see lower insurance rates primarily because of reduced theft risk and tracking of better driver behaviour.
In addition, to these savings drivers can also use a fuel card to save at the pump. With a combination of shopping around for lower insurance costs, the GPS tracking to find discounts with insurance, fuel cards can be used to lower costs at the pump.
Fuel Cards at the pump help one reduce the cost of fuel through a percentage taken off. It can also help companies track fuel usage better in order to pay out properly for the actual fuel paid for versus a calculation of fuel based on mileage. The reduced paperwork for such a card helps in the administration department by saving money and time, thus it is a win-win.