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How I have made over £15,000 from renting out my parking space
In July 2014, I wrote about how I earn money from JustPark, to rent out a space that lies empty on my drive. Back then I had earned £712 over a year, but that has increased and this is where I am today at £15,770 since I started in 2013.
The parking space has done so well that I decided to pave the tiny bit of overgrown weed-filled “lawn” next to it, put in proper drainage, and now also rent that out, so increasing my earning potential.
The paving over was expensive – £3,200 – but I will earn that back in under two years, so the investment is worth it.
If you are considering renting out your space, great locations are near stations, tube stops, town centres, airports, stadia and business parks. Parking …
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Tips for getting a good deal on multi-car insurance
Is it time to stop insuring each car in your household separately? Multi-car insurance has increased in popularity over recent years and there are some decent deals around at the moment.
Not only is it more convenient, but it also has the potential to deliver strong cost savings for your annual premiums.
What is multi-car insurance?
Rather than insuring each car in your household separately, you can choose to cover every vehicle under one policy. As long as the car is registered at that address, it can be included. The car owner doesn’t have to be a family member.
What’s so great about multi-car insurance?
The first benefit is convenience. Once you get it set up, everything is in one place. All you have to do is fill in one application and you’re good to …
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Two pay per hour car insurance companies
The way insurance is sold hasn’t kept up with the way people live their lives now. We buy lots of goods and services via flexible subscriptions to suit our on-demand lifestyles. Why shouldn’t you be able to do that for insurance? We just used Cuvva for the first time this weekend for our teenager who is learning to drive. Rather than change my insurance as my insurer won’t insure under 21s, we used Cuvva
Hourly short-term insurance – Cuvva
Cuvva, a UK-based short-term insurance startup, offering hourly car insurance via an app in minutes. Since selling our first policy in 2016, we’ve sold over a million policies. The idea came about after founder Freddy Macnamara couldn’t lend out his car easily, so he set out to build flexible insurance tailored around people’s needs. The company… -
Choosing the right car insurance first time for young drivers
I have a learner driver in the house so am gathering information about insurance.
I have contacted some industry resources to see what they have to say. You’ve probably heard about a black box, so I got the guys at insurethebox, who make the black boxes, to give me their thoughts and this is what they have to say:
So you’ve passed your test and bought a new car. Well, maybe it’s not new, new, but it’s your first car and you’re ready to hit the road. Not so fast! Now it’s time to choose your car insurance. It’s tempting to just go for the cheapest, but that’s not always the best option.
New drivers are three times more likely to crash in the first three months of their policy, compared to the final …
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What’s the cheapest way to insure a 17 year old boy driver?
What’s the cheapest way to insure a 17 year old boy driver? He will drive my car. This was a question I posed last week and got a number of responses. I thought that they were really interesting so wanted to share some of them with you:- When I was new it worked out cheapest to get my own insurance and for my mum to go down on it as a secondary driver
- We bought our 17 year old daughter a car went through comparison sites and looked up young driver insurance … her as main driver and me and husband as named £344 on Comparethemarket (no black box ) ……. on young driver insurance with black box and me and hubby £1344
- The price of insurance has a number of factors. Postcode, age male/female
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An easy way to make money with your car – Car Quids
Do you want to make some extra cash with your car, without having to drive any more than you normally do?
Car Quids will pay you to place removable adverts on your car for top brands like Pizza Hut, Go Compare and NSPCC. It’s free to sign up and you won’t need to sign a contract to take part.
Why advertise on your car?
1) You earn extra money each month for driving as you normally would
2) You can win bonus prizes (like free pizzas when advertising for Pizza Hut)
3) It’s fun taking part – you’ll spot other cars with ads as you and it sparks conversations with friends and neighbours
How does it work?
After you’ve signed up Car Quids will match you with a brand that wants to advertise in your …
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New widget helps you to quickly add up annual mileage and fuel costs
Commuters can find out how many miles they travel getting to and from work every year, and how much they spend on fuel, thanks to a ‘Commuter Calculator’ which has been created by Admiral Car Finance.
The tool also tells users how much time is spent in traffic, what the cost of fuel would be if they owned a newer car and how many songs they listen to on their way to work each year – see some of my results below.
The aim of the Commuter Calculator is to give drivers information and statistics about their annual commute, including the total time spent and how much of that is sat in traffic jams, to help them make an informed decision if they are thinking of purchasing a new car, or are just considering …
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Free Navmii dash cam app can help with car insurance claims
It may have taken a while for them to hit the mainstream, but dash cams are now commonplace on UK roads – I have one! New data from retail analysts GfK suggests sales of dash cams have increased by an incredible 671% over the past two years. It is easy to understand why: they are cheap, easy to use and their benefits are immediately clear.
Attached to a vehicle’s dashboard or windscreen to record each journey, dash cams face outwards to replicate the exact view of the driver. Dash cam footage has been accepted and regularly used by the police and UK courts – but insurers are now starting to pay attention.
According to a study by uSwitch, more than a quarter of innocent drivers have been unable to prove they were not at fault …
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Top tips on how to be an economical and environmentally-friendly driver
I bought my car because it gives out low carbon emissions, but to my horror it’s a diesel and now they are not great in terms of air pollution, so I am very interested in eco-driving as it can save the environment and us all money – both in terms of fuel consumption and wear and tear to our cars. According to a study by Fiat (which included 5,700 drivers in five countries), eco-driving saves an average of 15% of fuel costs and greatly reduces maintenance expenses.
There could be enormous benefits to the environment too, as air pollution in the form of emissions could be reduced significantly. The European Climate Change Programme calculated a reduction potential of at least 50 million tons of CO2-emissions in Europe, which could save as much as 20 billion …
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How to make money from your car
So I am a big fan of the shared economy, where you can make money from renting out things you own, think JustPark or AirBNB.
Now can that be done with a car? I asked Richard Laughton CEO of easyCar Club to share some ideas on how to make money from your car.
Most of us own or need access to a car, but is your car working hard enough for you? A huge 96% percent of the time cars are sitting unused, providing great potential to make some extra cash when you’re not driving it. A car can be considered a ‘hidden asset’, capable of bringing in revenue in a number of ways. Here are five ways that could help you earn some extra cash.
Using your car for ads:
One easy way to …