Latest Auto and Car Insurance News

Insurance Agents Boosted By Clunker Sales

noreply@blogger.com (Blogspot) — Mon, 31 Aug 2009 22:45:55 PDT

Most consumers who sped off dealership lots in new vehicles, thanks to the government's cash rebate incentive Clunkers also departed from something else - more expensive car insurance.

Car Allowance compensation system has boosted sales of new cars 700.000 of the country after the driver in the course of their older gas guzzlers for new, more fuel efficient vehicles.

Local insurance agents say, new cars require more coverage, and their customer traffic began to increase when it entered into force on 27 July, did not end until August 24.

"We are seeing increased traffic and talked with some cash to customers clunker said Wilson Brown of Nationwide Insurance at 405 N. Elm St." A lot of people have added comprehensive and collision coverage of their policies (after buying new cars). "

Since most of the "clunkers" are older vehicles that have not been paid, many clients who have participated in the program are covered only by liability insurance or coverage that is offered for bodily injury or property damage for which the insured driver is deemed responsible . New cars bought through a loan or lease, however, is required by most lenders have collision coverage that pays for the insured driver of the vehicle when they are involved in the accident.

"People trade in many older cars, which not only responsibility, and because they are buying new cars, they are adding to their policy," said James Whitley, the Morton Whitley Insurance at 2610 N. Main St. It has created a business and increase premiums.

Whitley said customers also visited the agency before going to the dealership in order to determine whether he can afford the new policy.

Dewey Beckner, an agent with Allstate Insurance Co. said it is impossible to know how much money an average customer Clunkers increased their car insurance payments, because it depends on the number of vehicles are attached to the policy, but the program still mixed a few new businesses.

"We are disappointed that we did not get a new policy from the program, and it is people who have insurance, adding," he said. But there were many good things about this program. "
To see more of the High Point Enterprise, or to subscribe to the newspaper, go to http://www.hpe.com.

Are Insurance Limits Too Low?

noreply@blogger.com (Blogspot) — Mon, 31 Aug 2009 22:35:47 PDT

A new statistical analysis shows that more than 28.000 companies of the carrier vehicles, which operate 200,000 trucks violations of federal safety regulations.

Process Bar Association, the American Association for Justice (AAJ), said he found commuters share the road with trucks, which suffered one thousand safety violations such as faulty brakes, bald tires, loads that exceed the weight limits dangerously and driving with little or no training or alcohol, drugs and addictions.

Group also stated that the current minimum insurance requirements Truckers are inadequate.

AAJ said that the data on the safety performance of U.S. companies ride from the Federal Motor Carrier Safety Administration (FMCSA).

States in which the ratio of companies found in violation of safety above the national average to West Virginia, North Dakota, Nebraska, Vermont, Iowa, Montana, Delaware, Idaho, Arkansas, Connecticut, Kentucky, Minnesota, North Carolina, Oregon, Indiana, Mississippi, Wisconsin and South Dakota.

According to the FMCSA more than 4,000 people die every year in collisions with trucks and 80000 are more seriously injured. Moreover, while trucks account for less than four percent of all passenger vehicles on the road in the U.S., they are involved in 12 percent of all motor vehicle fatalities.

AAJ also argues that the minimum insurance requirements for commercial trucks are "totally inadequate to compensate those who were seriously injured in collisions involving multiple vehicles and multiple victims. In 1980 Congress set a minimum level of insurance to $ 750,000, after factoring in inflation , $ 750,000 only $ 292,000 in 1980 dollars, according to the analysis.

While large companies driving may carry more than the required level of coverage, smaller companies often perform only the minimum, according to the AAJ. AAJ Analysis of the U.S. horse industry found that 87 percent of companies in violation of safety standards for small businesses that have fleets of 10 trucks or less.

AAJ said that many fatal accidents involving trucks dangerous are not recorded as a breach of security. 2005 Government Accountability Office (GAO) study showed that almost one-third of commercial motor vehicle accident that the states are required to report on the federal government have not been registered. In addition, do not, bug reports, the State has always been accurate.

The following analysis AAJ July 2009 GAO study, which showed that more than 1,000 commercial trucking companies, which have been procured from service because of federal safety violations to avoid compliance by operating under a different name, but often use the same owner, address, and employees.

AIG, Former CEO Greenberg, CFO Smith Agree to Binding Arbitration

noreply@blogger.com (Blogspot) — Mon, 31 Aug 2009 22:29:16 PDT

American International Group, Inc., its former Chairman and Chief Executive Officer Maurice R. Greenberg, and its former Chief Financial Officer Howard I. Smith jointly announced today that they have agreed on terms for binding arbitration of various legal disputes between AIG, on the one hand, and Greenberg and Smith, on the other
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Fortis secures £20m Toyota contract

noreply@blogger.com (Blogspot) — Mon, 24 Aug 2009 23:23:33 PDT

Fortis Insurance UK has won a £20 million contract to provide car insurance to Toyota customers.

Fortis said the offer in consultation with the UK partner of Aioi Insurance Toyota, will help it build its position as the third largest UK motor insurer.

Aioi Motor and General insurance claims will continue, and Fortis will be responsible for sales, administration and claims services. Fortis will be undertaking some activity guaranteed by Aioi.

Three-year contract will create about 70 new jobs in the UK offices in Stoke-on-Trent and Gloucester.

Barry Smith, CEO of Fortis UK, said, "expects" to work with Aioi.

"This new relationship is a significant step forward in our multi-channel distribution strategy, reinforcing our strength in the private car insurance market," Smith said.

"Our approach is customer-driven and market-leading performance are key ingredients for our growth in the global affinity, which recently secured the number of new compounds.

Final binding partnerships to be agreed within the next two months.

Toyota said the company is "pleased" with the cooperation with Fortis.

State Auto Insurance Appoints New Chief Claims Officer

noreply@blogger.com (Blogspot) — Mon, 24 Aug 2009 23:11:56 PDT

The State Auto Insurance Companies has appointed Stephen Hunckler as director of claims. He succeeds John Melvin, who previously announced his retirement in 2009.

Mr. Hunckler was recently vice president and chief claims Balboa Insurance in Irvine, California, where he was responsible for the overall implementation of the claims and supporting the company's strategy 3 billion U.S. dollars of accounting firms.

His 33 years of professional experience, but includes all six in the real estate and insurance claims arising from accidents, senior management functions held at CNA, Travelers, AIG and Zurich American.

Mark Blackburn, State Auto vice president and general manager, said: "We are fortunate that someone is Steve our experience and success leading organizations claim that meets the promise we make to our independent agents, policyholders and applicants daily. Steve understands our promises and looks forward to leading already talented organization contends that even more effective. "

Auto Insurance Saving

noreply@blogger.com (Blogspot) — Mon, 24 Aug 2009 23:08:34 PDT

Hartford Financial Services Group has advice for saving on auto insurance. Learn more on hartfordauto.com.

This three-step, 10-minutes plan is designed not only to help you save money but also help keep protected:

Step 1 - think long term: Most insurance companies think in the longer term also, and they prove it by offering additional benefits for a long time, loyal customers. Drivers of change in mind, insurers simply to save on your monthly payments should first contact their insurer to see additional savings may be eligible for fast.

Step 2 - Step discounts when insurance companies have their own set of numbers that are used to assess the potential risks of individual drivers, there are ways to make the numbers work for you by consolidating. For example, many suppliers offer a group of employers or through professional, business and alumni groups or other associations. You can also consider the family discount. Similar to any cell phone family plan, most companies are able to offer special discounts when many households motor or even homes in the same plan. Another discount is a low mileage discount which is good, who hitch-hiking.

Step 3 - Pay wisely: Believe it or not, paying rent period may actually have an impact on the cost of car insurance. That's because your credit score is an important factor in determining prices. And that means an account payable acrobatics may actually cost more to insure. If you find yourself with the best of the difficult financial decisions, try to increase the deductible on your policy. Increasing the deductible from $ 250 to $ 500, for example, can reduce collision and comprehensive premiums reach 15 to 30 percent while keeping you protected in the event of an accident.
To see more of the St. Louis Post-Dispatch, or to subscribe to the newspaper, go to http://www.stltoday.com.

Aon expects rates rise on motor insurance

noreply@blogger.com (Blogspot) — Wed, 19 Aug 2009 00:36:52 PDT

UK companies renewing their motor insurance policies in this quarter is expected to see an increase in premiums, Aon warned this week.

The survey by the insurance companies brokers predicted a 91% increase in rates for the third quarter.

This is in contrast to the second quarter, when an individual insurer respondents said rates would be suspended.

However, as the recession strengthens its grip companies reduced their fleet of vehicles, and thus their insurance issue, the increase in premiums.

The poll also found 40% of brokers expect the third quarter growth rates for the accident / liability insurance, and 35% expected growth in property insurance.

"Insurers continue to tell us that the fastest growth rates in order to return to a sustainable level of profits," said Steve Redgwell, head of broking for Aon for medium and large companies.

"However, while the reserves are enough surplus in some areas, fueled by new entrants and competition among insurers in respect of the income, is to keep rates down.

"Aon contends that the overall result in minor changes to the real estate and insurance, but it is expected that the growth rates for these categories in Q4.

"There is a strong consensus among the motor insurers' rates will continue to grow slowly for P3 and P4 as the losses are simply unsustainable."

BBC weatherman caught driving without insurance

noreply@blogger.com (Blogspot) — Wed, 19 Aug 2009 00:27:13 PDT

BBC Weatherman Des Coleman has been a ban on driving for three months after they were stopped by police driving without insurance.

Former Eastenders actor, who presents the weather for the East Midlands Today, was sentenced in court this week after the crime was committed in November last year.

Coleman, 44, faced the minimum six month ban, but the prohibition period reduced by the court, he claimed that his cause undue hardship.

"We found that exceptional hardship has been proven, because of the impact and loss of income for your family," said the judges.

Coleman told the court he was unaware that his insurance expired, because the warning was not issued by insurance companies.

"I am absolutely gutted," he said in court.

"In a sense I am glad they stopped me because otherwise I could have been driving without insurance for a long time."

He added that he was "ashamed" of a crime

In addition to the prohibition on driving, was fined £ 800 plus £ 200 costs and £ 15 victim surcharge

Potrero Media Responds to Client Demand in Auto Insurance Category

noreply@blogger.com (Blogspot) — Wed, 12 Aug 2009 03:49:44 PDT

Potrero Media a leading performance marketing agency, announced today that expands its offerings to the automotive insurance division. Potrero Media offers comprehensive, expert advice for consumers looking for all types of insurance, and brings her years of insurance experience ever automobile.

The economy, where people are closely watching their budgets, saving for a car such as insurance means a lot to consumers, a growing number of online shoppers. As of June 2009 Google Compete.com Webinar "Shopping For Auto Insurance: Role of Search in Consumer Research Online," a monthly Auto Insurance shopper volume increased by 17% from the January / February 2008 to January / February 2009. Despite the shrinking of vehicle sales online auto insurance applications rose in early 2009 - in part because 64% of the buyers want to be auto insurance policy to replace an existing vehicle.

Media Potrero expansion auto insurance comes as a result of both increased customer demand and needs of consumers. Potrero Media customers have demonstrated that the level of service not be used otherwise than for other comparable providers - Potrero Media focuses on the consultative approach to customer acquisition, providing brand and marketing services provide consumers with interested customers. This emphasis on quality service and results in different experiences for customers - customers and answered more questions Potrero Media.

"Our entrance into the categories of auto insurance may not be time better. In addition to the growing wave of online auto insurance application, your own insurance carrier for our customers to provide the same services and technology solutions, which have offered them in the health, life and home category," said Potrero Media President Rick Natsch. "Because our platform is based on high performance and scalability, we are able to quickly add this important category of insurance carriers and consumers on the Internet."

Potrero media is able to use technology and marketing knowledge refined over the past 10 years to help buyers find a need at a price range can afford, with particular emphasis on high quality results for clients. To ensure the best possible results for their clients, Potrero Media is informed about the latest state and federal laws and is constantly monitoring current events and consumer needs. Extending the offer as auto insurance is the key to buying auto insurance, which leads them to the shop and in contact with the test agent.

About Potrero Media Corporation:

Potrero Media Corporation is a leading performance marketing agency specializing in search marketing, customer acquisition and online services for insurance companies throughout the world. At Potrero Media, the consumer is always the most important. This approach has helped Potrero Media to build and maintain a reputation for providing high-quality leads in the industry.

Police Arrest Two in DUI Check Lane

noreply@blogger.com (Blogspot) — Wed, 12 Aug 2009 01:22:29 PDT

One person was arrested for driving under the influence at DUI check lane Wichita conducted by the police last weekend.

Another 65 people were tickets to various offenses in the clearing of the belt, which was carried out on the Seneca and 31st Street South between 10:30 and Friday 2 am Saturday.

One person was arrested for conducting a suspended license.

Most of these quotes were not safety belts that do not have proof of auto insurance or do not have proof of that license.

To see more of The Wichita Eagle, or to subscribe to the newspaper, go to http://www.kansas.com.

Uninsured drivers up 33%

noreply@blogger.com (Blogspot) — Wed, 12 Aug 2009 01:19:17 PDT

The number of drivers driving without insurance rose by a third over the past 12 months, research by moneysupermarket.com revealed this week.

One in five drivers are now increasingly driving without insurance, the study by price comparison site discovery.

This is compared to 15% of drivers who were on the road without insurance in 2008.

Male drivers are more likely to drive without any protection, the study showed that 23% of them, compared to 16% of women drivers.

Younger drivers were also exposed as more willing to take the risk of driving uninsured.

Almost two in five drivers in their 20s have driven without cover, compared to 7% in the sixties.

"How disappointing to see so many Brits are uninsured on the road - it is worrying that we see every fifth car is not covered," said Steve Sweeney, moneysupermarket.com is the head of insurance.

Sweeney warned drivers that driving without coverage could cost them a license.

"Regardless of distance, driving without insurance is illegal," he said.

"Anyone caught can face tough sanctions, which include on-the-spot £ 200 fine and six points on their license.

Record Breaking Sales at Kwik Fit Insurance

noreply@blogger.com (Blogspot) — Tue, 04 Aug 2009 02:55:07 PDT

Kwik Fit Insurance (KFI) reported record breaking sales this week, which saw the leading insurance broker boast its strongest data for one day of trading, because the company was founded in 1995.

The Lanarkshire-based company's landmark day saw more than 1,500 new policyholders to sign the Kwik Fit Insurance brand in just 24 hours.

The staggering volume of sales in new car insurance polices increases the company's presence in the highly competitive car insurance market..

Happy Kwik Fit Financial Services Group Managing Director, Brendan Devine, said: "Our products are not very popular among our customers and employees should be congratulated for the hard work and enthusiasm shown towards this record breaking result.

"The commitment and relentless effort displayed by our staff ensures that customers continue to receive the best possible products and services. It's fantastic to set new record sales days and sets a very high benchmark for the next record attempt."

As well as car insurance, Kwik Fit Insurance provides home insurance and a broad range of insurance products for small and medium-sized enterprises, the distribution of cover, motorcycle and van insurance, as well as travel and pet insurance.

Drivers could be at risk of losing cheap cover

noreply@blogger.com (Blogspot) — Tue, 04 Aug 2009 02:38:52 PDT

Experienced drivers can be exposed to the risk of losing access to cheap car insurance, if any new studies to travel.

Examination of Kia saw a group of drivers has long been re-sitting their driving test and the manufacturer claimed, he was shocked by the results.

Approximately 50 percent of participants did not challenge, and those that were rejected in mid committed a serious error.

Kia said the driver narrowly missed a pedestrian who stepped on the road between two parked cars.

In light of the results of the experiment, the company has called for more to be done to improve driving standards in the United Kingdom.

Sue Mulcaster spokesman said the company ensures its cars equipped with a number of protective systems.

But she said: "Realistically, we hope that drivers will not have a reason to study these functions of security, and fighting for higher standards of driving, [we] aim to reduce the number of road accidents in Great Britain."

Meanwhile, drivers who take every precaution to avoid a collision may be able to build a healthy no claims discount on their car insurance.

Motor premiums soar on fraud and personal injury costs

noreply@blogger.com (Blogspot) — Tue, 04 Aug 2009 02:26:23 PDT

New research from AA Insurance shows that the car insurance premiums are rising at a faster pace than any time since 2000.

According to the insurer, comprehensive cover rose to an average of £ 778.13 at the end of June, up 3.5% from the end of March and has shown an increase of 11.3% a year earlier.

For Third Party Fire & Theft, the average premium was £ 968.22, with an average of 4.6% during the three months to the end of June and 6.9% in the last 12 months.

Fraud and upper body injuries and legal claims are largely to blame, and the bill footed by the fair uninsured drivers involved in accidents.

AA Insurance director, Simon Douglas, says: "In the last year predicted that it will increase the premium of 10% or more and the current evidence supports this change."

He adds that there was no upward trend easing.

AA is a reminder to drivers heading across the Channel the British that they could face up to study roadside saliva drug if they are not caught in safety belts or speed in France.

As part of a campaign to reduce the country's road accident charge, the French authorities have adopted a more aggressive position against driving under the influence of drugs.

According to AA, the penalties are severe and the risk of offense in two years' imprisonment and a fine of € 4,500.

Groupama appoints fraud buster team

noreply@blogger.com (Blogspot) — Wed, 15 Jul 2009 00:47:23 PDT

Groupama insurance plans to catch fraudsters using psychological tricks, by highlighting the fight against fraud in the department of cognitive interviewing team.

Claims shall be deemed to be fraudulent will be implemented through the process of cognitive interviews in which applicants will be asked a specific set of questions to help determine whether their claim is genuine.

According to Groupama, people submitting fraudulent claims are often opportunistic or withdraw the claim if they are subjected to detailed questioning.

Cognitive interviews can also be practiced to catch out fraudsters, Groupama adds.

"In recent years, [has cognitive interviews] have been used successfully in the insurance industry is helping to identify fraudulent claims," said Stephen teeling, Groupama to counter fraud manager.

"This is a process that has highly qualified based on several factors, including the tone of voice and speed to determine the likelihood of a claim is fraudulent or exaggerated.

"Although the main objective is to quickly identify the claims that would be unfair and discouraging to take a further reason for the claim, may also contribute to increasing the level of services, which can speed up the handling of claims, while the real fight against these, which could be evidence of fraud. "

Sainsbury’s offers summer discount on car insurance

noreply@blogger.com (Blogspot) — Wed, 15 Jul 2009 00:39:33 PDT

Sainsbury's offers 12 months of car insurance in the price of ten summer.

Car insurance policy at a supermarket with the financial service provider before 31 August, 2009 will receive 2 months free cover.

Customers who buy a policy online will receive an additional 10% discount.

Policy features include compensation for vehicle damage and Road Rage, and replacing damaged by a child of an accident.

Joanne Mallon, Sainsbury's Car Insurance Manager said: "Car insurance premiums can vary greatly, we always encourage customers to shop for the best price and cover.

"With our two months' free cover is a great way to further reduce the cost of Motoring. "

Young Drivers Give Insurance Companies a Headache

noreply@blogger.com (Blogspot) — Mon, 13 Jul 2009 23:48:40 PDT

Drivers under 21 are often horrified by the enormous premiums quoted by insurance companies, when to buy his first car. A 17 year old male driver would pay up to nine times more than 25 years old to ensure a similar car in the same zip code area, and fourteen times more than 35 years of age. In support of these great contributions imposed on young drivers is easy to explain. Drivers under 21 years of age are significantly more accidents than their more experienced elders.

One in five new drivers will be involved in an accident within six months to pass it on to the test. Drivers under 21 are twice as likely to be involved in an accident, such as those over 21, five times as may be claims involving personal injury and ten times more likely to be a cause of serious injury claims.

A spokesman Staveley Head, one of the leading UK motor trade insurance providers, said: "These bonuses are not arbitrarily arrived. Insurers employ highly qualified actuaries and provide them with advanced software to analyze all the risks that are placed on coverage, depending on the age at zone, the vehicle, driving, profession, or any combination of these and many others. The obvious result of the analysis of these statistics is that 17 year old female driver involved in proportionately fewer accidents and insurance costs a third less than in the case of claims 17 year old male drivers . As a result, 17 year old women pay a third less for their car insurance than the equivalent of 17 year old male.

In Staveley Head Advocate went to say "I appreciate some of the young drivers are more responsible than others, but it is difficult to distinguish between their examination of the application form and the impossible task of the interview each candidate individually. Some insurers and additive shall apply to 35% discount for young drivers who successfully completed the Driving Standards Agency Pass Plus test. "

Apart from the Pass Plus course AA Smart Drive offers newly qualified drivers' assessment, as part of the Charitable Trust for Road Safety. It is available free of charge to anyone who passed their test within the last twelve months.

Staveley Head is one of the leading insurance brokers and all motor trade advice and assistance should be in this case, the insurance quote, if a user logs on to their website www.staveleyhead.co.uk

For more information on all aspects of motor traders insurance, or to ask about cheap motor trade insurance, contact Staveley Head.

Kwik Fit Insurance reveals £1m expansion plans

noreply@blogger.com (Blogspot) — Mon, 13 Jul 2009 23:42:22 PDT

Kwik Fit Insurance (KFI) has revealed ambitious expansion plans for the next five years.

The Lanark shire-based broker, which is supported by the French venture capitalist group PAI Partners, told Scotland on Sunday, looking to double that size through acquisitions, which could top £ 1 million.

Speaking to the newspaper, the chief executive Brendan Devine explained that KFI is planning to buy a broker and its dual motor insurance from 500,000 to one million policyholders against the size of 2014.

In addition, negotiations with potential joint venture partners, which could cause KFI branching to the commitment of their respective policies?

According to Mr Devine, the company changes its ambitions essentially a business model in the coming years.

Despite the recession the agent to continue its run good news.

In May the company reported a 42% month on month increase in house sales policy and announced plans for further development in this sector.

In June, KFI was the best practice for the recruitment of an award at the Scottish Recruitment Awards 2009, which have been recognized for the support of different faiths, cultures and skills in their work.

Also last month, KFI scooped the award for Customer Focus in recognition of its Smart Co department to Contact Center Innovation Awards.

UK motor insurers opt for ISO’s Claims Outcome Advisor

noreply@blogger.com (Blogspot) — Mon, 13 Jul 2009 23:38:07 PDT

Insurance Services Office (ISO) announced that its ISO Claims Outcome Advisor (COA) is now the leading personal injury claims assessment solution for the UK motor insurance market.

According to the group, mostly in the top 25 UK motor insurance the use of one or another system to help in evaluating personal injury claims and 70% of this group have chosen COA.

The solution works by creating a database of historical wounds of financial firms in order to ensure the settlement is fair, consistent and appropriate.

It also claims to support the management of all aspects of the claim with a single system, from first notice of loss to final settlement.

COA has been launched in the UK in 2001 and growing steadily since its presence, gaining seven new customers in the last year alone.

ISO head Joe Pendle customer service, comments: "Although this is a great achievement ... We recognize that the market is still in flux and is likely to experience significant changes in the coming months and years."

The company claims that it has been "huge investment in the Certificate of Authenticity system and support staff

Change to Car Insurance Model Could Result in Big Savings

noreply@blogger.com (Blogspot) — Wed, 08 Jul 2009 23:16:43 PDT

Basing the cost of automobile insurance on how far you can drive, you can save people money and help the environment, the study says.

The analysis by the Institute of Actuaries of Australia to discover the potential savings of 3.2 billion dollars a year if the cost of the vehicle is closely related to the number of kilometers.

One way of doing this was through a pay-as-you-drive (payd) insurance, if the costs of this policy was based not only on the usual factors - the driver age, sex, place and type of vehicle - but also about how very The car was used.

Payd sole supplier of car insurance in Australia is Real insurance that have been on the market for about 12 months, and sells insurance in the 5000-kilometer blocks.

Real Insurance chief executive Roger Grobler says more than half of policy holders purchased at least 5000-kilometer option.

"If you are not using a car, you can not get involved in an accident," Mr Grobler said on Friday.

"The more you drive, the more is expected of you is involved in an accident insurance should cost more.

"Traditional insurance simply does not work this way."

Institute of Actuaries of Australia said that 3.2 billion U.S. dollars of annual savings - which is approximately equal to 304 U.S. dollars per vehicle - not only for the flow of drivers in the form of lower insurance costs.

Cities and governments also benefited as less cars on the road mean fewer accidents, less congestion and reduced demand for maintenance of roads and cleaner air through the lower levels of pollution.

These findings were presented at the Institute's biennial convention in April of this year.

"Australians drive too much, because a large part of the costs of driving are not paid directly by the driver or owner Colin Priest Institute said in a presentation to the convention.

"We estimate the Australians will be seven percent less disk km if included in the Australia payd.

Mr Grobler said a very small decrease in the extent to which people used their cars would be "an enormous impact both on individuals and society."

Financial analyst in Canstar Cannex, Joshua Zenas said payd those with insurance have to keep track of how many kilometers have been logged.

"We need to be aware of where exactly you can afford and how many kilometers you are on the left side," said Mr. Zenas from Brisbane on Friday.

"This is not an additional burden to the driver."

Mr. Zenas said those who were not heavy the driver could potentially benefit financially from payd method.

"There is a significant level of savings, depending on the type of driving I do," said Zenas.

Some overseas suppliers used payd yearly odometer checks or a device installed in a vehicle to track the course, but Mr. Grobler said Real Insurance did none of those things.

"This is a principle based on trust, there is no monitoring," said Mr Grobler.

Payd Mr Grobler said the insurance was available in the U.S., Canada, Japan, South Africa, India and parts of Europe.

The average driver drives 14,600 km per year, according to data from the Australian Bureau of Statistics.

Auto Insurance Premiums to Be Hiked Due to Rise in Base Rate

noreply@blogger.com (Blogspot) — Wed, 08 Jul 2009 23:07:48 PDT

The Insurance Rating Organization of Japan said Tuesday has raised the reference rate of insurance loss costs for cars by an average of 5.7 per cent, paving the way for the property and accident insurers to raise their auto insurance premiums in fiscal 2010.

The growth rate includes 19.9 percent for drivers aged 60 years and older, and 10.3 percent for those under 30, the organization said.

Nonlife insurance companies determine premiums for their insurance policies on the basis of the call rate for advisory loss costs or pure risk premium rates calculated by the organization.

The first attempt to enter the reference rate for auto insurance in nine years is due to increased auto insurance payments to policyholders, which consumed nonlife insurer’s earnings. For example, Mitsui Sumitomo Insurance Co. paid the premium as 73.2 percent for payments to policyholders in fiscal 2008 ended in March.

To see more of Kyodo News International, go to http://www.kyodonews.com

Top Gear’s insurance fraud blunder

noreply@blogger.com (Blogspot) — Wed, 08 Jul 2009 23:01:40 PDT

Insurance Board Top Gear presenters should not be taken seriously, a financial expert has warned.

This week's episode the popular TV motoring show presenter James May advised young drivers that they can slash their insurance through their mom and dad, to ensure their car for them.

"The only way to obtain a realistic falls in 17, when you are in your parents' insurance," May said.

However, in May for the co-presenter Richard Hammond stressed, "fronting insurance in this way is illegal and could lead to huge fines, points to a driver's license, fines and even imprisonment.

"If you decide to put on your parents and you have a breakdown insurance, and insurance company to find out that there was a car, you will not be paid" Hammond said.

"Then I can prosecute you and you may need to go to prison."

Hayley Parsons, the Executive Director GoCompare.com, echoed Hammond advice.

"Although few people would Clarkson suggested that the change of sex can help 17 year old boys halve their contributions seriously, fronting the common fraud, and urges parents to avoid the practice if found out, the consequences can be serious, Parsons said.

She added that drivers caught fronting would be difficult to obtain car insurance in the future ", as most insurers [will] refuse them."

Kwik Fit sees sales rise during battle of the sexes

noreply@blogger.com (Blogspot) — Tue, 07 Jul 2009 02:56:56 PDT

On Monday, Kwik Fit Insurance (KFI) enjoyed its second year of hosting the sales battle of the sexes. KFI saw some of the best data on the sale of ten and a half years, and negotiated significant savings to their customers. The company sold 1,300 new car insurance policies, the 5-best car insurance you to record sales. In addition to home insurance policies have a very good day, recording 2. Sales in the history of the company. To spice to combat the sale of sex was for men and women participating in the physical and mental challenges, as well as the view that the parties would divide the sexes on a stand selling the most. After twelve hours of sale, the people were victorious in the sales arena.

Gender bias costs male motorists £17,000

noreply@blogger.com (Blogspot) — Tue, 07 Jul 2009 02:51:21 PDT

New research from moneysupermaret.com an average annual premium for male motorists in all age groups in the £ 743, compared to just £ 454 for women.

According to price comparison site, male drivers can therefore expect to pay around £ 17,000 more than women for car insurance during motoring.

Several factors play a role in gender bias, but Moneysupermarket makes the point that the Home Office study in 2006 found 97% of drivers convicted of dangerous driving, and 94% of those sentenced to death by causing dangerous driving were male.

In addition, the average distance covered by the men in the UK during the 12 month period of 12,000 miles, while for women the number drops to 8000.

Women are also more inclined to take shorter routes than men and at lower speeds.

The cost of covering the difference between men and women is skewed by age, with the average premium for 18-year-old male driver is more than £ 2,200 a year, or more than £ 1,905 premium for the average male driver in his 40s.

Moneysupermarket recommends the following ways of reducing the premium for both sexes Equipment immobilizer or an alarm, garage and parking overnight on a more conventional model with a small engine.

The driver may also check their annual pass, and whether savings can be made in the course of restricted policy.

Finally, new drivers can reduce premiums by as much as 35%, taking the Pass Plus test to have their driver's license.

Why you need Car Insurance ?

noreply@blogger.com (Blogspot) — Mon, 27 Apr 2009 02:50:04 PDT

The second largest purchase that most people will in their lives is the time of their car is their biggest house. The main difference is that statistics show that although people can change their home two or three times in your life will change their car at least ten times, if not closer to twenty. For this reason, it is also in the interest of the owner of the car to understand the intricacies of car insurance and why you need car insurance in the first place.

The law requires that every car on the road in South Africa is insured, at least in the most basic formats. The basic compulsory insurance or insurance is known only covers all the other cars to repair damage or injury to persons, insurance, and the damages that have been involved in an accident, which was responsible for. If the car has been damaged in any way or form any lasting damage, we will have to cover any costs of its own pocket. This is far from ideal situation and one that most people will be willing to pay money in order to avoid.

Most people who have owned the car at one time or another you know the secrets of car insurance, but for those buying a car for the first time, especially on a limited budget, can hardly understand or appreciate why you have to take out comprehensive car insurance.

Think about the fact that you are purchasing a vehicle that is a valuable asset. If the car is involved in any form of accident, it must be repaired. If it is totally destroyed or stolen, it must be replaced. If you do not have comprehensive insurance, if such a disaster you want to have to find itself in a very simple choice. Or go and buy a new car or not. However, if you have the good sense to take out comprehensive coverage, the insurance company will provide you the financial ability to go and buy a replacement.

Insurance premiums are not extortionate, calculated on an annual basis, and should be of approximately 6% of the replacement value of your car. There are many people in South Africa who are willing to pay this kind of money on their car back, but for them is too late.

For someone like you, who buys his first car and the fact that their comprehensive car insurance policy appears to be a lot of money, it should bear these facts very mind. In addition, please note that full insurance usually covers the provision of a replacement vehicle while your car is in the body shop for repair or when you are on the search for a replacement if your car has been stolen or deemed to be "total loss" by insurance assessors.

Includes comprehensive cover against theft from your car, as well as damage to the car in case of theft. Items such as radios, CD players, GPS, mobile computers and items of clothing is especially popular for car thieves.

Not taking out comprehensive insurance for your car, its occupants and its contents is one of the worst forms of false economy. When buying your first car to take it and stick with it for all motoring life, in the sincere hope that there will never be needed.