your motor 2 u online - Insurance Articles 92

Payment Protection Insurance
In today`s challenging work environment and due to the global economic downturn, there is a real concern for many people regarding the security of their job with the threat of being made redundant ever increasing. The biggest fear for many is that they may struggle meet mortgage payments or pay other financial commitments should they be made redundant. As people try to protect themselves against loss of income, they may opt for cover in the form of the controversial Payment Protection Insurance (PPI). Payment Protection Insurance is there to cover you should you fall ill, have an accident so you are unable to work or lose your job. Although this type of insurance can offer you the necessary cover you require there have been many instances where people have been mis-sold the insurance cover. This had lead to complications when trying to claim against the policy and has also left people paying far more for their policy than they should. Following this, it has recently been announced that people who believe they have been mis-sold Payment Protection Insurance (PPI) have now been given extra time to take their cases to the Financial Services Ombudsman. This specifically applies to people who have had a complaint rejected by the firm that sold them the loan, meaning they now have upto six months to take their complaint to the Ombudsman. At its peak, nearly 150 people a day registered official complaints regarding PPI with almost a third of the total number of complaints relating directly to controversial insurance payment product.

In September 2001 the Driver and Vehicle Licensing Agency (DVLA) introduced a new number plate registration system that was designed to last for 49 years. The new change was welcomed not only by the car dealers but also by the car insurance industry as the DVLA also decided to issue new car registrations twice a year instead of once a year.

In the past, new registrations were issued on 1st August every year. Inevitably this caused a major headache for insurance companies as so many people required insurance at this time. This once a year rush for insurance was compounded by the summer timing when most people, including insurance company employees, go on holiday. Today, the new registrations are issued in March and September. This eases the workload for insurance companies and allows them to more easily staff up for the increase in calls.

Of course, the old system ran for about 38 years and so there is still a large population of people who require insurance renewal on 1st August. So around July, August and September, Insurance companies are still especially busy and you can generally expect long call centre waits with a lot of direct companies.

Using the internet instead is a much easier and quicker way of getting your new car insurance quote. Accept Direct (http://www.acceptdirect.co.uk) have a very fast online quote system which eliminates call centre waiting times. The Accept Direct website is available 24 hours a day, 365 days a year and will deliver you a competitive quote in minutes.

So next time you need car insurance, whether you`re looking for a cheap insurance quote for your brand new car or would like to get a low cost renewal, just go to the Accept Direct website at and save yourself some time and money.