Why is the cost of car insurance has not increased
If someone in the industry, I am aware of the idea that sometimes insurance - often private insurance, like a car, home or travel insurance. This is a very common and social networks, chat, forum sites and friends chit chat to get general topic of insurance up to a certain time, if it is related to the price, comments or complaints about the requests, etc. I think we all work for breath at the top ... only to find your company reduce the cost of insurance cases unahay if you call to complain about ...! So what are the reasons for this ....?
The methods used for the insurance is difficult to calculate, but I will try to make the mechanism behind underwriting and marketing practices briefly insurance companies and car insurance brokers to explain in the market today.
Ok, so basically, insurance business like any other, it is intended to benefit - Take this job is that the insurance does not exceed the premium only means of investment, cross-selling, etc. may be - it is "underwriting" called.
We have to take 100 people want to make sure their car (they want to reduce the risk of financial loss associated with the vehicle of another party to win) - each paying £ 200 a year - £ 20,000 to raise insurance premiums. First of all, make money, the administration is not to have the cost of insurance, or the cost of more than £ 20,000 a year. I have to admit that both the accident and two other parts of the third wrong - even small events are likely to increase the number of insurance, but claims personal injury, many people these days, reports easy food can lead up to £ 20,000 each.
Let £ 20,000 per application, for example, the insurance will pay £ 40,000 - next year - will cost all of £ 400 Maqabo hope to say (and even then sold in the last year to the cost of claims and even point) to take.
It should be noted at this stage that the market for car insurance, not everyone agreed that the benefit of more than ten years !! - It means that your car insurance is still very cheap! Whattt ?? I hear you say ..... can not be true ...?
Unfortunately - a reliable insurance cheap insurance market share underwriting, that is why you are going to get a cheap first at the company - the company realized that making money car insurance premium itself, but will try to sell the damage or the law to overcome to make a little money. Then at renewal, you will find the price rise should make more in line with what the policy applies.
OK, so now you can have a quick look at what's going on on your car insurance premium in the future dispensation - said the rising costs, the cost of parts, an attorney, the cost of the record, the average cost of claims is still rising inflation and times. In addition, there are cars on the road than ever, there are many cases of abuse exagerrated claims and uninsured drivers (uninsured drivers add £ 25 to your address during each year). Personal injury claims are, and high wages .... You can see where I'm coming ....
First of all, car insurance as much as 10 to 20% increase this year, to continue next year - and, in the end, the only thing that can be done to prevent increases in the future, be careful drivers to traffic.
However itself, there are a few things you can do to reduce your insurance:
1. If the third group of fire and theft - get a quote for a complete coverage - politics, sometimes cheaper
2. Try adding a joint policy - offer insurance discounts for insurance of the driver and his wife
3. Measure the distance from the bottom of the bowl - of course, if you want to attend should notify the insurance if you are too close to the border announced
4. Shop around renewal time - but always with care and provide coverage - usually you get what you pay for - the same goes for insurance
5. If you are prepared to have to pay a volunteer, you will have an insurance discount, but must pay more than the requests
6. According to the latest available .... get a small car!
If someone in the industry, I am aware of the idea that sometimes insurance - often private insurance, like a car, home or travel insurance. This is a very common and social networks, chat, forum sites and friends chit chat to get general topic of insurance up to a certain time, if it is related to the price, comments or complaints about the requests, etc. I think we all work for breath at the top ... only to find your company reduce the cost of insurance cases unahay if you call to complain about ...! So what are the reasons for this ....?
The methods used for the insurance is difficult to calculate, but I will try to make the mechanism behind underwriting and marketing practices briefly insurance companies and car insurance brokers to explain in the market today.
Ok, so basically, insurance business like any other, it is intended to benefit - Take this job is that the insurance does not exceed the premium only means of investment, cross-selling, etc. may be - it is "underwriting" called.
We have to take 100 people want to make sure their car (they want to reduce the risk of financial loss associated with the vehicle of another party to win) - each paying £ 200 a year - £ 20,000 to raise insurance premiums. First of all, make money, the administration is not to have the cost of insurance, or the cost of more than £ 20,000 a year. I have to admit that both the accident and two other parts of the third wrong - even small events are likely to increase the number of insurance, but claims personal injury, many people these days, reports easy food can lead up to £ 20,000 each.
Let £ 20,000 per application, for example, the insurance will pay £ 40,000 - next year - will cost all of £ 400 Maqabo hope to say (and even then sold in the last year to the cost of claims and even point) to take.
It should be noted at this stage that the market for car insurance, not everyone agreed that the benefit of more than ten years !! - It means that your car insurance is still very cheap! Whattt ?? I hear you say ..... can not be true ...?
Unfortunately - a reliable insurance cheap insurance market share underwriting, that is why you are going to get a cheap first at the company - the company realized that making money car insurance premium itself, but will try to sell the damage or the law to overcome to make a little money. Then at renewal, you will find the price rise should make more in line with what the policy applies.
OK, so now you can have a quick look at what's going on on your car insurance premium in the future dispensation - said the rising costs, the cost of parts, an attorney, the cost of the record, the average cost of claims is still rising inflation and times. In addition, there are cars on the road than ever, there are many cases of abuse exagerrated claims and uninsured drivers (uninsured drivers add £ 25 to your address during each year). Personal injury claims are, and high wages .... You can see where I'm coming ....
First of all, car insurance as much as 10 to 20% increase this year, to continue next year - and, in the end, the only thing that can be done to prevent increases in the future, be careful drivers to traffic.
However itself, there are a few things you can do to reduce your insurance:
1. If the third group of fire and theft - get a quote for a complete coverage - politics, sometimes cheaper
2. Try adding a joint policy - offer insurance discounts for insurance of the driver and his wife
3. Measure the distance from the bottom of the bowl - of course, if you want to attend should notify the insurance if you are too close to the border announced
4. Shop around renewal time - but always with care and provide coverage - usually you get what you pay for - the same goes for insurance
5. If you are prepared to have to pay a volunteer, you will have an insurance discount, but must pay more than the requests
6. According to the latest available .... get a small car!