The 2015 summer Budget – How will it affect your insurance?
Pretty much everyone in the country will be affected in some way by Chancellor George Osborne’s Summer Budget. As expected, there was a lot of talk about the economy, as well as welfare reform, the introduction of a living wage of £9 per hour by 2020, changes to Vehicle Excise Duty and MoT rules, and measures revamping business taxation.
There were changes to vehicle excise duty, fuel duty remains frozen, and the MoT on new cars will last a year longer, increasing to four years.
In terms of insurance, an unexpected addition to the bill was the insurance premium tax increase from 6% to 9.5%. This of course makes it more important than ever to make sure you find the absolute best premium and find the lowest price.
The Budget has reinforced our view here at Insure 365, with the government saying that the Financial Conduct Authority will review what more can be done to ensure that people are encouraged to shop around when they renew their insurance.
We know that shopping around for insurance is a long, boring and time-consuming process- and that’s why we do it for you! We remove all the stress of trawling through forms and websites. Our aim is simple: to provide an insurance policy at the most competitive price that meets all of your individual requirements.
Better still is that we actually excel in areas that other insurers may find problematic, particularly insurance after a drink driving offence. When it comes to home insurance, we’ve taken it back to basics. With us you will only ever buy the cover options that you need – and from as little as £69 a year!
If you’re worried about your insurance premiums rising then please get in touch with us! To request a free, no obligation quote please contact the friendly team at Insure365 today on 0800 0282007. Alternatively, you can complete the simple ‘request a quote’ form and an advisor will call you back within 24 hours.