Key Advantages Of Having Family Fleet Insurance

If there are multiple vehicles in your household, it would be a good idea to think about purchasing family fleet insurance. There are many benefits to choosing this as opposed to an individual policy, including the following:

Saving Money

As most people know, insurance is not cheap, but it is a necessary expense that cannot be avoided. One advantage of a family fleet policy is the fact that you are able to save money. If you have drivers under the age of 25 on a traditional policy, it is common for insurance companies to increase your monthly premium significantly. When you have this type of coverage, you will still have to pay a bit extra since younger drivers are considered a liability, but it is typically less than usual. If you have more than one young driver in the home, this can be a significant amount of savings.

Older vehicles also cost more to insure so if you have cars or vans past their prime consider selling your van to m3commercials and upgrade to a newer model.

In addition to all of the money you can save this way, opting for an annual payment is another way to save a great deal on premiums. Some people avoid this because the upfront costs are so large, but if you split the costs with all of those who will be covered, it would be more reasonable and help you keep more money in your pocket.

Customised Policies

When you sign up for family fleet car insurance, they are able to customise a policy according to the needs of your family. Since everyone does not have the same vehicle type and driving style, it only makes sense that an insurer is able to consider that when creating the perfect policy. For instance, you may have a classic car that you only drive when the weather is really nice, yet your spouse has a newer, economy vehicle that they drive to work and back every day. You could benefit from a low mileage policy while they would have to opt for a typical policy that covers cars that have heavy usage.

Another good thing is that you are able to add names to each of the individual vehicles that are on the policy. If you have a car that is very expensive and/or the younger adults in the home are not allowed to drive them, you can omit their names from the policy so you will not have to pay extra in order to cover them.

Convenience

It is much easier to keep track of all the auto insurance in the home if they are all covered by one payment. Trying to keep track of different policies for every vehicle can be really exhausting, especially if you have more than a handful of them. Instead of taking a chance and trying to juggle a large number of payments, which may have different due dates, everything gets paid at once.

This will also help immensely if you or someone else in your home is quite forgetful and often misses payments and has to pay all kinds of fees as a result. Since everyone will be responsible for having the payments in on time, it is not likely that it will go unpaid. In addition, if you opt for the annual policy that was mentioned above this is definitely not something that you will have to worry about.

Every day, more people across the UK are forgoing individual policies and signing up for family fleet insurance. As you can tell, you can save a lot of time, hassle and money. If this is something that you are interested in, you should do some research, get a few quotes and see what is available to you.

Advice On Budgeting For Your UK Wedding

A wedding is important for most people but it all starts with organised budgeting.

Without a proper plan or approach, it’s difficult to host a wedding that’s in line with your expectations. As a result, it’s time to break down what’s required to make sure you are heading in the right direction.

Understand the Costs

Let’s begin with the costs because that creates a baseline for you to follow. While the figures are going to vary from wedding to wedding, it’s never a bad idea to keep this information in the back of your mind moving forward.

Wedding costs in the UK can include:

  • Venue – £5,000 – £6,000
  • Photography – £1,000
  • Catering – £5,000-£6,000
  • Wedding Flowers – £1,000
  • Videography – £500
  • Cake – £500
  • DJ – £500
  • Shoes – £200
  • Wedding Dress – £1,000
  • Groom’s Attire – £600
  • Wedding Rings – £1,000
  • Gifts – £500

These are the general costs associated with a UK wedding.

As mentioned before, these numbers are going to differ from person to person depending on how many guests are coming. Go through each detail and figure out what the total sum is.

Create a Budget

It’s time to sit down and start working on a proper budget while saving up. The average couple isn’t going to have everything ready to go from a financial perspective and that’s why organised budgeting is a must. Otherwise, you are not going to save as much money as you need to for the big day.

In general, budgeting is all about taking a look at how much money is coming in, minusing expenses, and figuring out how much money is saved each month.

You want to have this number in mind before dividing everything and pushing money towards the wedding.

When you have a plan in place, it becomes easier to save additional money by cutting unnecessary expenses. Think about this as you put together a detailed strategy and work towards saving enough money for the big day.

Set a Date

Yes, it’s important to have a date while working out how much time you have to work with.

A couple that is getting married within 12 months is going to have a far different approach to someone getting married in 3 years. This is why it’s important to have a personalised date in mind along with general information regarding how many people are attending. Having this information is going to shed light on what you need and how long it’s going to take.

When you have a date in mind, everything starts to fall into place.

Remove Unnecessary Expenses

Now, it’s time to focus on the budget and how you are going to handle funds while looking towards the wedding.

It’s important to note the money isn’t going to save itself. You will have to start finding ways to save as much as possible. If not, you are going to end up running in circles figuring out where the money went and why you didn’t save enough.

The main expenses a person should focus on are the unnecessary ones such as entertainment, trips out to eat, or anything that is not essential over the long-term. Yes, everyone likes going out to eat each week but it may not be possible while saving up. Think about the long-term goal and everything will become easier to manage and understand.

Ask for Quotes

If you are getting married within the year, it may be time to start asking for quotes. Even if you are getting married 2-3 years from now, it never hurts to get a general estimate of what the going rates are.

Having information about specific venues, videographers, photographers, and more is going to go a long way. You will have a fair idea of how much is required in your neck of the woods.

Feel free to shop around while going through this process because it will make your life easier when it’s time to plan things out in detail.

Keep Track

Don’t assume the money is being saved because that’s when you start slipping. Too many couples end up surprised when their funds don’t line up with what they had budgeted.

A UK wedding isn’t going to be cheap and it will come with additional expenses. So, you need to come prepared and make sure you are tracking how much money is being saved monthly.

If you are not able to do this, the funding is going to become a major hurdle that is difficult to deal with. Prepare to record everything and keep track of things as much as you can.

Final Thoughts

The most important thing is to focus on following this advice and budgeting with passion. As long as you do this, the results are going to come and you will host a memorable wedding. Remember to seriously consider hotel wedding venues when planning everything out!