Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.
Provisional Marmalade the insurance company focused on learner drivers who use a parents of friends car to learn in, but who do not want to but the car owners insurance policy at risk ar becoming better value by the day.
Young drivers insurance policies have over the past twelve months dramatically increased in cost – with reports saying that a young drivers average policy cost is now £2,251, some 58% more that this time a year ago – but Provisional Marmalade policies continue to cost from less than £3 a day.
The policy is cheaper as it only insures the car when the provisional license holder is at the wheel – and therefore protects the car owner from the risk of an accident at that time, which might otherwise lead to a claim and add considerably to the ongoing insurance costs for the owner.
Provisional Marmalade has created from Young Marmalade, the combined car purchase and low-cost insurance scheme for young drivers. Provisional Marmalade provides low-cost insurance for learners to practise in a family car without risking the no claims bonus of the car owner.