Main content

The cost of driving while divorced

A woman's car insurance premium rises after she mentions her divorce, Plaid Cymru, the Green Party and the Liberal Democrats reveal their money manifestos and are rents falling?

A Money Box listener tells how her best buy car insurance renewal quote jumped from 拢582 to 拢919 after she changed her status from married to divorced while keeping her former husband as the named second driver. Graeme Trudgill, Executive Director of the British Insurance Brokers' Association explains the so-called "divorce premium."

A tax which is added to many insurance bills is set to rise on June 1. Insurance Premium Tax which covers pets, cars and home contents will increase from 10% to 12%. There will be no extra on travel insurance which is already taxed at the higher rate of 20% and life insurance is exempt.

Hywel Williams from Plaid Cymru, Green Party MEP Molly Scott Cato and Sir Vince Cable from the Liberal Democrats outline their party's personal finance plans ahead of the General Election. Manifesto pledges include a living pension, a universal basic income and ending the married couples' tax allowance.

As new figures suggest that London rents have fallen for the first time in eight years - what's happening to prices beyond London and if that fall continues, will people who rent notice any difference financially? Johnny Morris, Research Director at Countrywide and John Bibby, Senior Policy Adviser with Shelter, discuss.

Presenter: Paul Lewis
Reporter: Vivienne Nunis
Producer: Charmaine Cozier
Editor: Andrew Smith.

Available now

30 minutes

Last on

Sun 28 May 2017 21:00

Chapters

  • The cost of driving while divorced

    Your car insurance premium may increase if you divorce

    Duration: 10:56

  • Election

    Three Parties put forward their bigs ideas

    Duration: 05:51

  • The cost of renting

    Are rents going up, coming down, or staying pretty flat?

    Duration: 05:32

Related Links

Driving while divorced

Insurance premium tax (IPT)

Rent

Broadcasts

  • Sat 27 May 2017 12:04
  • Sun 28 May 2017 21:00

The Death of Retirement

The Death of Retirement

Money Box explores what retirement might look like in the future,

Download this programme

Subscribe to this programme or download individual episodes.

Podcast