Campus Nonsense

If you’re between the ages of 21 and 25 and have saved up enough for your first car, you’ll inevitably want to keep it safe, on and off the road.

However, you’ll probably have found that running and protecting a car can cost a fair amount of money and extract a healthy amount of your income. With congestion charges and petrol costs adding to the bill; car insurance could be a daunting idea at this stage.

The good news is that young drivers are being guided to invest in car insurance early. Like the property ladder - the sooner you climb on it, the sooner you’ll be reaping the benefits and hopefully be making some savings on your car insurance premiums. For the young driver, it may seem appealing to initially be a named driver on a parent’s insurance policy, as the idea of taking an individual one seems, a) too expensive, and b) a scary commitment. Although short term it seems logical, you’ll be missing out on many of the long term benefits.

In simple terms, it works like this: when you start driving (at the legal age of 17) your insurance will be at its most pricey, as your inexperience will suggest you could be more of a high-risk on the road. Between the ages of 21 and 25, insurance companies presume you’ve got some driving experience under your belt, and the cost of your insurance is reduced significantly. After five years of driving, up to 65 per cent of your initial insurance costs will be lessened.

An advisable step-forward is to browse for car insurance deals online. You’ll be able to compare quotes readily and find out deals that suit you and your car. For cheap car insurance deals, try the Yes Insurance website, or perhaps Beat that Quote, for further figures and facts on buying car insurance. Finding the right company will mean finding the right insurance, which will work towards the reduction in costs as your time on the road grows.

For all further details, you could check out the Association of British Insurers website for helpful links and information.

 

 

Tags:

Looking after your health is easier said than done – primarily because we all make promises to ourselves that we can’t keep. The thing is, it pays long-term to keep a check on your health and with a little thought you can actually save money by eating better. Friday beers and a burger after work? It all adds up...to the waist band and to the bank balance (plus it doesn’t exactly help pay off your student loans).

Something that could urge you on the way to improving your lifestyle habits is thinking of the money you could save and the healthier premium you could purchase. The younger, healthier and more ill-free you are; the cheaper your life insurance should be. You’re probably thinking you’re too young to think about life insurance – and you’re probably right. But think of your body as an investment for the future.

Smokers will not be pleased to hear that their indulgence is actually costing not just their health, but also their insurance. Many life insurance companies see this habit as a high-risk factor and are less willing to invest in you on the cheap, because –rather morbidly – your life expectancy lowers in their eyes and it looks like they’ll have to pay up sooner, rather than later.

Life insurance companies may also want to do an MOT on your cholesterol, weight and blood pressure before working out the cost of your premium. If all these more ‘high-risk’ factors are combined, it looks like you’ll be paying more than others.

In essence, it pays to be healthy: you live longer, you look better and you can take out a life insurance worth its salt. Obviously, there is some generosity given to medical and health issues beyond your control – but the self-inflicted ailments are pretty much a no-no for insurance companies.

Live how you like - but know it may not come cheap later on...

This doesn’t make insurance companies bad; it means they are doing their job. For a browse online for quotes and policies, check out Asda Finance for life insurance offers that are suited to you...just stub out those cigarettes first and hit the gym. For further medical information head to the Healthline website, for facts and figures you may find useful.

 

 

Tags: