Civil liability prices are going up Check

Feb 16, 2019 Automotive

Civil liability prices are going up Check

Recently, the situation on the motor insurance market has changed dramatically. Unfortunately, this change is unfavourable for customers. Over the last 6 months, insurance prices have increased by an average of 40% a…
Insurance prices are going up. Check
Recently, the situation on the motor insurance market has changed dramatically. Unfortunately, this change is unfavourable for customers. Over the last 6 months, insurance prices have increased by an average of 40% and further increases are announced.
Where to look for the reasons for this state of affairs? Among other things, it is the result of the price war waged by insurance companies, which resulted in the fact that the insurance segment became less and less profitable. As a result, the Financial Supervision Authority has issued an appeal to insurance companies to stop undercutting prices. Another reason for rising policy prices is the standardisation in the calculation of partial and total claims, which has resulted in a significant increase in the cost of compensation paid. So what can we do to pay less for insurance? Below we present 3 ways to save money.
Comparing insurance offers.
The list of offers from several insurers gives us the biggest view on how insurance prices have changed since the last time we insured a car. It turns out that for the same insurance in the same social insurance we have to pay more than a year ago and yet we drive a year older vehicle, whose value has fallen. Therefore, it is worth spending a few minutes and use the insurance calculator. Such a possibility is given to us by the insurance comparator Auto Insurance where after filling in the form containing the most important questions about the car and the owner we will get the answer where at the marked parameters we will pay the least.
Deciding on the insurance company should be remembered that the insurance coverage is exactly the same regardless of the company that sold us the policy so attachment to one company in this case does not necessarily have to be profitable.
Insurance discounts
Undoubtedly, how much we will eventually pay for the motor insurance depends on our history as a driver. Discounts are expressed as a percentage and the highest value is 80%. Our harmless driving has an impact on the amount of benefits gained. For each year is awarded an average of 10 to 20%. So the more years without a collision, the lower our insurance coverage.
The most difficult are young drivers under 26 years of age and those who have recently had a driving licence and have not yet managed to prove themselves as drivers. This group has to take into account the surcharges imposed by the insurance company. A good way to pay less and at the same time collect discounts is to add someone from your parents as the owner of the vehicle and use those that have already been worked out.
Purchase of insurance policy via the Internet.
It’s no secret that by buying anything online we can save a few dollars. It’s no different with motor insurance, thanks to the direct channels used by insurance companies. It gives the opportunity to reach the customer without an insurance agent or a company employee, which relatively lowers costs and gives the opportunity to apply promotions to the driver for using this method.
Thus, as you can see, despite rising insurance prices, drivers are not in a lost position looking for lower prices.