Recommended Auto Insurance Quote Sites You Should Know About
Archive for September, 2007
A Car Insurance Site by Tesco
By James Tam on September 12th, 2007
Peter Dingle, Managing director of Tesco Compare, said: “Our customers have been telling us they want more help in choosing their motor insurance. They want more than just the usual ’shop around’ tool for insurance premiums. He also said that there will not be any extra costs or charges when it comes to pay the insurance, the price quoted will be the same as if the customer went direct. But there was a criticism that the site would not include Direct line, owned by Royal Bank of Scotland, but which does not allow details of its policies to be used in comparison websites. Tesco Compare.com will compare motor insurance cover by price, as well as by more than 25 different policy features. The group claimed it was the first time a UK supermarket would be offering personal finance products from a range of different providers.
Read this entire article on Channel4
Four Factors Will Drive the Growth
By James Tam on September 11th, 2007
Anu Madgavkar, associate partner, Mckinsey & company said “four factors will drive this growth in the next five years.” These are as follows —
Increasing per capita income will increase insurance intensity per capita resulting in average household premiums rising from Rs 1,300 to 3,000-4,100.
The emergence of newly bankable household and substantial increase in supply- side growth will increase the coverage rate in both urban and rural areas. By the year 2012 the coverage rate in urban areas is likely to grow to thirty five to forty percent and in rural areas thirty five to forty two percent.
Changes in the product mix as players make moves to lower the share of single premium product will result in more premium collection.
The growing demand of long term savings and investments product, which in India is a gap. The impressive growth in the sector has been driven by liberalization.
Read this entire article on www.ing.com
How to reduce your car insurance premiums
By James Tam on September 10th, 2007
Always remember that the insurer calculate the amount of premium according to the person with least experience.
If you park your car in a garage, nothing like it. It will save around five percent of the premium, because it is always better to park your vehicle in a safe place rather than on the street.
You can also purchase a car alarm, which will save up to eight percent. The amount of premium depends upon the type of alarm as there are a number of alarms in the market. Thatcham alarm is the best and most popular also.
Buying a small and a second hand car will make you save a good amount of money.
Read this entire article on Telegraph.co.uk
UK Drivers Expect Insurance Raise
By James Tam on September 5th, 2007
If you live in the UK you could experience an insurance bills rise.
Britain’s biggest motor insurers think that premiums could rise as much as 20 percent in the next two years.
Admiral with over 1.5 million UK customers blame buglers and high repair costs for the hike in premiums.
Online insurance groups like Elephant.co.uk and Confused.com expect other companies to follow soon.
In the first half of 2007 Admiral increased its turn over from £68.7m to £86.3m. This huge increase was from a 5% rise in premiums that added an extra 20 pounds to everyones average bill.
Read this entire article on Mirror.co.uk
Police Now Know Who Really Has Auto Insurance
By James Tam on September 4th, 2007
By January next year, Texans who do not have insurance will have a hard time going unnoticed by the police. The “Texas Financial Responsibility Verification Program” is a new database giving police up-to-date information on any drive telling them if they have insurance cover or not.
Insurance companies will have to inform the state every week with who has insurance cover and who has insurance but are late with payments.
If you drive without an insurance cover you will have to pay the fine of $175 to $350 for the first offense.
This article was written by Patrick George. Read the complete article on the American Statesman website
