motor rates

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Wednesday, August 18, 2010

Further to the news that car insurance premiums have jumped 14.2% in the second quarter 2010 it was interesting to note NIG's recent announcement that they were changing their strategy and moving away from the personal lines market, writes Paul Muir, managing director at 1 Answer Network.

Even though rate increases have been seen for many months - and are still being seen - there is still some way to go before the market hauls its way back to profitability and a position of sustainability. However these rate increases have to go hand in hand with the reduction of costs in the claims process to ensure profitability. The squeeze is still being felt by high street brokers who more than ever are finding it difficult retain clients even though historically business transacted on a face-to-face basis has performed better than the market in general.

Rates
I still see that face-to-face and local business has an edge when it comes to profitability particularly as it is much less likely that fraudulent claims will come from this sector of the market. It would therefore make sense for more insurers to support this area by providing rates that are able to compete with the larger multi-national brokers who will generate business from many sources.

The situation regarding zero or minus commission is affecting the market particularly for insurers who are trying to price themselves out of certain sections but finding themselves being placed on cover for risks that do not fit their risk profiling. This practise will continue to distort figures for insurers going forward and will hinder the process of generating profitable accounts.

In conclusion the market still continues to suffer, however much has been done to address the issues although I can see further increases will still be seen through the third and fourth quarters of 2010 until insurers can be more confident that future years trading will return to profitability allowing some to shore up their depleted reserves.

Digital only special Green edition
PB has produced a special Green issue looking at opportunities for brokers as new risks and technologies emerge. View this edition with special page turning technology here.






First Volkswagen Insurance Services Program in the Middle East now

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Volkswagen Middle East – the regional office of Europe's largest car manufacturer – has launched the Volkswagen Insurance Services Program in the Middle East. The exclusive program offers branded Volkswagen insurance solutions through just one provider, eliminating the typically complicated multiple insurance provider relationships that customers currently endure.
Conveniently obtained from Volkswagen Middle East partner showrooms, the program offers a simplified auto-insurance process with unique benefits ensuring a superior and dedicated level of service and customer satisfaction. The products include Volkswagen Extended Warranty, Volkswagen Motor Insurance, Volkswagen Roadside Assistance and Volkswagen GAP Insurance.
"Volkswagen Middle East constantly strives to provide our customers with increasingly better service and solutions to their automotive needs," said Stefan Mecha, Managing Director of Volkswagen Middle East. "As a vehicle owner myself, I am well aware of the headache it can be trying to find, purchase and juggle more than one insurance provider for my car. This new regionally supported Volkswagen financial service offering was created to solve this problem for our Middle East customers, and provide convenient simple support from the moment they leave the showroom."
Developed by Volkswagen Financial Services AG (Volkswagen FS) – a wholly owned subsidiary of Volkswagen AG responsible for the worldwide financial services activities of the Volkswagen Group – the highly customer and brand focused program is aimed at adding value to the Volkswagen brand experience by providing customers with peace of mind through an increased trust in vehicle ownership.
A staggered introduction of the new insurance program to Volkswagen partner showrooms across the region has commenced, with the service currently available to customers in Qatar by official Volkswagen partner, Saad Buzwair Automotive. Behbehani Motors Company, the official Volkswagen partner for Kuwait, will be next to feature the program in the final quarter of this year, with other Middle East partners set to follow in 2011.



Car Insurance in usa

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Millions could be saved by UK drivers visiting the USA
British hire car drivers visiting the USA are missing out on millions of pounds worth of savings.
Each year, a staggering £280m* is spent on insurance by UK drivers of rental vehicles in the States, according to research by iCarhireinsurance.com, the provider of low-cost, comprehensive hire car cover.
Car rental desks in the USA typically charge around £12.61** a day for Collision Damage Waiver and Supplemental Liability Insurance.
1.3 million Brits hired cars in the USA in 2009 for an average of 16 days, and most buy their insurance from the car rental company or as part of a fly-drive package. This means UK holidaymakers spent as much as £280million on hire car insurance.
But it needn’t be this way. Many rental companies give customers the choice of hiring a car in the USA inclusive, or exclusive of insurance, so it is important that customers take advantage of the opportunity to shop around, and discover if they can get a better deal elsewhere. 

iCarhireinsurance.com’s daily US and Canada policy costs just £4.99 a day, and is fully comprehensive, saving customers more than £7.62 a day. This means that UK hire car drivers in the States could be £169m*** better off each year, if they simply bought their cover online from iCarhireinsurance.com in advance, rather than from the car rental desks or as part of a package.
The iCarhireinsurance.com USA & Canada policies are not only much better value than those available at most car rental desks, they offer even more security, with cover for Road Rage, Carjacking, Travel Expenses, Hotel Expenses, and Drop-off charges. Furthermore, annual policies offer 60 days’ continuous cover at no additional charge.
Those hiring a car in the USA for any more than 22 days a year would be better off purchasing an iCarhireinsurance.com annual policy at just £109.99.
Ernesto Suarez, founder and CEO of iCarhireinsurance.com said, “We are urging customers to buy before they fly. The USA is a great place to visit, but it can be very expensive for UK travellers at the moment. With just a little bit of planning, like buying your car hire insurance before you leave for the States, you could make significant savings. The amount of money spent by hire car drivers in the USA on insurance is extraordinary, but so much of it is unnecessary. Rental companies charge over the odds but holidaymakers do have a choice and they must use it.
“At iCarhireinsurance.com we’ve created a range of policies that are cheaper and more comprehensive than those offered at car rental desks. Furthermore, our website has been designed to cut through the insurance mumbo jumbo, making it easier for customers to find the cover they need and buy the right policy at the right price.”

Connecticut Car Insurance - Auto Insurance Quote in CT

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Tuesday, August 17, 2010

If you are shopping for local auto insurance in Connecticut, you are at the right place. CarInsurance.com offers over a dozen strong, reliable carriers. We want customers to shop and pick the best company that is competing for their business. You can purchase a policy through CarInsurance.com. Getting a quote is easy and you get to compare the rates from multiple companies so you know you are getting a good deal with the right coverage. The only way to save on car insurance is to shop for car insurance. The best rate last year is not the best rate this year!

Connecticut Car Insurance Requirements

Connecticut state law requires minimum Bodily Injury Liability limits of $20,000 per injured person up to a total of $40,000 per accident, and Property Damage Liability coverage with a minimum limit of $10,000. This basic coverage is often referred to as 20/40/10 coverage with 20/40 UM limits.

Connecticut Insurance Coverage:

Bodily Injury Liability: $20,000/$40,000 Limit
Property Damage Liability: $10,000 Limit
Uninsured/Underinsured Motorist Bodily Injury: $20,000/$40,000 Limit
The state of Connecticut follows a Tort system meaning someone must be found to be at fault for causing the accident, and that person and their insurance company is responsible for all the damages. You should be aware that the details of a tort system vary from state to state.
To help protect against damages caused to you and your passengers by an uninsured driver, Connecticut state law requires a minimum Uninsured/Underinsured Motorist coverage of $20,000 per person up to a total of $40,000 per accident for any bodily injury caused by the uninsured and/or underinsured driver.
When you get a quote at CarInsurance.com, our coverage page will give you the option of choosing the Minimum State Required package, more wide-ranging coverage packages, or you can customize every limit and deductible to fit your needs. If that is too complicated, CarInsurance.com's insurance agents are licensed in Connecticut and available to help you all the way through the quote and purchase process.

See how Connecticut's car insurance quotes are trending. CarInsurance.com's Average Premium Trend Tool shows these changes in Connecticut auto insurance rates, over the past few months. The arrow shows the montly trend and the graph shows the change in Connecticut's average car insurance rates over the past few months. Hold your mouse over the points to see Connecticut's annual average premium.
2 %
Get local car insurance in all of Connecticut. Enter your zip code in the quote boxes on this page or follow this link to get an auto insurance quote now.
Local car insurance is available in all of Connecticut!
The average auto insurance premium for residents in Connecticut is $2,063 in 2010; the national average is $1,577. Some people think the state and insurance companies fix the rates, so they never shop around for better rates. Insurance companies segment their rates differently so everyone's rate will be different with each company. You have to shop around to see if you are saving money. CarInsurance.com helps you find the competitive rates and discounted prices available in Connecticut, so average Connecticuters can get a better-than-average rate on their auto insurance.
2010 has had a decrease in auto insurance rates. It is important to shop for car insurance so you get the best available rate! CarInsurance.com brings competition directly to the consumer and we work to lower your costs through technology.
Even within the state of Connecticut, rates have changed over the past few years. Comparing the current average car insurance rates, the average auto insurance premium in Connecticut is 3% lower in 2010 than 2009. 2009 was 7% higher than 2008 in Connecticut. Now is the perfect time to shop for new low rates on your auto insurance, by requesting a quote online you could save hundreds instantly!
Map data ©2010 Google - Terms of Use
Map
Satellite
Hybrid
For those with a great driving record and even those with the not-so-great driving record, we can give you the best rates available in Connecticut. We believe it is very important to take care of yourself and your property, and CarInsurance.com has the most affordable rates in Connecticut. We allow you to compare the rates and purchase on one site. All the residents of the Constitution State know that to get the low cost rates from a reliable company, CarInsurance.com is the only name you need to know.
Looking for car insurance in a state other than Connecticut? At CarInsurance.com, we provide the low cost quotes and rates for all 50 states and the District of Columbia. To get a quote for another city or state, type in your zip code above and find out how much you can save. For more information, choose a different state below.
If you are shopping for local auto insurance in Connecticut, you are at the right place. CarInsurance.com offers over a dozen strong, reliable carriers. We want customers to shop and pick the best company that is competing for their business. You can purchase a policy through CarInsurance.com. Getting a quote is easy and you get to compare the rates from multiple companies so you know you are getting a good deal with the right coverage. The only way to save on car insurance is to shop for car insurance. The best rate last year is not the best rate this year!

Connecticut Car Insurance Requirements

Connecticut state law requires minimum Bodily Injury Liability limits of $20,000 per injured person up to a total of $40,000 per accident, and Property Damage Liability coverage with a minimum limit of $10,000. This basic coverage is often referred to as 20/40/10 coverage with 20/40 UM limits.

Connecticut Insurance Coverage:

Bodily Injury Liability: $20,000/$40,000 Limit
Property Damage Liability: $10,000 Limit
Uninsured/Underinsured Motorist Bodily Injury: $20,000/$40,000 Limit
The state of Connecticut follows a Tort system meaning someone must be found to be at fault for causing the accident, and that person and their insurance company is responsible for all the damages. You should be aware that the details of a tort system vary from state to state.
To help protect against damages caused to you and your passengers by an uninsured driver, Connecticut state law requires a minimum Uninsured/Underinsured Motorist coverage of $20,000 per person up to a total of $40,000 per accident for any bodily injury caused by the uninsured and/or underinsured driver.
When you get a quote at CarInsurance.com, our coverage page will give you the option of choosing the Minimum State Required package, more wide-ranging coverage packages, or you can customize every limit and deductible to fit your needs. If that is too complicated, CarInsurance.com's insurance agents are licensed in Connecticut and available to help you all the way through the quote and purchase process.

See how Connecticut's car insurance quotes are trending. CarInsurance.com's Average Premium Trend Tool shows these changes in Connecticut auto insurance rates, over the past few months. The arrow shows the montly trend and the graph shows the change in Connecticut's average car insurance rates over the past few months. Hold your mouse over the points to see Connecticut's annual average premium.
2 %
Get local car insurance in all of Connecticut. Enter your zip code in the quote boxes on this page or follow this link to get an auto insurance quote now.
Local car insurance is available in all of Connecticut!
The average auto insurance premium for residents in Connecticut is $2,063 in 2010; the national average is $1,577. Some people think the state and insurance companies fix the rates, so they never shop around for better rates. Insurance companies segment their rates differently so everyone's rate will be different with each company. You have to shop around to see if you are saving money. CarInsurance.com helps you find the competitive rates and discounted prices available in Connecticut, so average Connecticuters can get a better-than-average rate on their auto insurance.
2010 has had a decrease in auto insurance rates. It is important to shop for car insurance so you get the best available rate! CarInsurance.com brings competition directly to the consumer and we work to lower your costs through technology.
Even within the state of Connecticut, rates have changed over the past few years. Comparing the current average car insurance rates, the average auto insurance premium in Connecticut is 3% lower in 2010 than 2009. 2009 was 7% higher than 2008 in Connecticut. Now is the perfect time to shop for new low rates on your auto insurance, by requesting a quote online you could save hundreds instantly!
Map data ©2010 Google - Terms of Use
Map
Satellite
Hybrid
For those with a great driving record and even those with the not-so-great driving record, we can give you the best rates available in Connecticut. We believe it is very important to take care of yourself and your property, and CarInsurance.com has the most affordable rates in Connecticut. We allow you to compare the rates and purchase on one site. All the residents of the Constitution State know that to get the low cost rates from a reliable company, CarInsurance.com is the only name you need to know.
Looking for car insurance in a state other than Connecticut? At CarInsurance.com, we provide the low cost quotes and rates for all 50 states and the District of Columbia. To get a quote for another city or state, type in your zip code above and find out how much you can save. For more information, choose a different state below.