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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 £582 to £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.

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30 minutes

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

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