I am interested in the outcome of the industry scrappage scheme.
Generally I am in favour of anything that can help UK dealers maintain employment levels even if this means their selling cars that were produced overseas and benefiting overseas economies. The aftermarket industry after all is a future beneficiary that few people think of, worth c£6.5bn, so not to be sneezed at.
But I didn’t think that the motor insurance industry would be able to muscle in their, charging amendment fees to car insurance policies for women drivers, in addition to higher premiums in most cases.
So far, says the Telegraph, motorists who have bought a new car and taken part in the scrappage scheme have paid up to £697,000 in admin fees simply to have had their policy amended.
Fast forward to February 2010 when the scheme is likely to end and this figure is estimated to have reached near £6 million says uSwitch.com.
The highest reported fees range from £35 for a mid-term amendment to £75 for a new policy with the average creeping up from £19.40…
To add to car insurance information for women drivers…
FOXY Steph
“When one door closes, another door opens.” Alexander Graham Bell
