Posts Tagged ‘vehicle insurance’

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Insurance Fraud Increases As The Recession Hits Hard

Saturday, August 7th, 2010

After the bubble burst in the Irish economy and after a succession of harsh budgets people have been forced into adjusting their sometimes lavish lifestyles. We have all had to cut back a little. Actually, there are still a number of people who refuse to quit their lavish way of life and will turn to crime to supplement their living. Insurance fraud is an area they tend to get caught up in. People see the rich bankers being let off the hook with golden parachute deals after messing up the country and they want their slice of the cake.

When you think of fraud you would think that it is done to combat poverty. People who earn little are trying to con money to make a living. The reality is often quite the opposite. Pride can be just as bad a cause of fraud. People cannot stand the drop in their standard of living and they want to maintain their reputations among the neighbours. They have lived lifestyles that they cannot now afford. Instead of accepting their new circumstances they turn to fraud to supplement their old lavish lifestyles.

The Irish Insurance Federation is a representative body for insurance companies. They have identified the growing trend of insurance fraud and are battling hard to stop it. Michael Horan from the IIF states “there is definitely an increase in claims in the recession”. Internal statistics show that the number of tip-offs to insurance fraud claims via a confidential phone line have increased by over 50% in the year 2009 when compared to 2008. These figures clearly highlight that there is something wrong. Numbers do not surge like this without a reason. The reason in this case is the recession. If the recession deepens then the insurance fraud levels are also likely to increase.

The Irish Insurance Federation put a strong focus on detecting and preventing fraud over 10 years ago. Part of this plan of action involved the creation of a database of high risk claimants. Their details were stored on a database which could be checked by insurance companies. Nick Starling of the ABI says ‘Whether claiming against a third party for bogus personal injury or on their own insurance, fraudsters are more likely than ever to get caught, leading to more expensive and harder-to-obtain insurance and credit and the possibility of a criminal record’.

Over the last year we have seen the introduction of savage cuts in the budget. This is highly likely to cause monetary problems for many families. Insurance fraud will be seen as one way out of a debt spiral. With the new insurance fraud detection measures that are in place it has hoped that this will deter these fraudsters in the future.

This information was brought to you by AXA car insurance. AXA provide competitive car insurance quotes and classic car insurance quotes

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How To Lower Your 4×4 Insurance Premiums

Friday, July 30th, 2010

4×4 vehicles are notorious for having higher insurance premiums than other vehicles. Although it may come as a surprise at first, 4×4 are considered by many insurance companies as a higher risk vehicle. To counter these hazards insurance companies charge higher premiums. There are several things you can do to avoid these higher rates and obtain a more manageable monthly insurance premium. While using these techniques, it is still very important that you shop around for the best quotes you can find.

If you have a garage or underground parking then you will be able to help lower your premium. This is because a vehicle that?s parked indoors is less likely to get singled out for theft or vandalism. The insurance company will be able to reduce your rates if you?re able to reduce the risk of something happening to your vehicle.

Drivers looking for lower insurance rates should also try to get some experience by driving a 4×4 beforehand. Luckily this does not necessarily mean you have to own one before you get insurance. Try driving around a friend or family member?s car for a bit to become familiar with the specific type of handling required. While sitting down with your agent you can tell them that you already have experience with such vehicles and are less likely to get into an accident.

Keeping your driving record clean is always an important part to getting low insurance rates. The fewer claims you have on your record, the better. If an insurance agent sees you already have several different claims they will charge you even more for insurance just because you are at a higher risk. If you manage to go for a period of time without any claims you may subject for a claims bonus, a discount given to drivers after about a year of claims-free driving. Mention that you this and your insurance agent will work to get you the best rates possible. Sometimes you may want to pay for an accident yourself just to save money that may add up to more if spend on increased rates from claims. This only works if the accident was very small and with little damage.

By getting a 4×4 with a category 1 or 2 security rating you may end up getting lower rates as well. These categories indicate that your 4×4 is equipped with the finest safety features, making it harder to steal and safer in accidents. Your agents will look for these extra features while gauging your insurance premiums to determine the risk of your vehicle. Opt for the best security possible when choosing your vehicle.

Last but not least, military personal are among the few who receive top notch 4×4 auto insurance rates. These special rates include the National Guard and will deduct a percentage of the costs. Those who are not in the military have to find the best rates by looking around as much as possible. Before going to companies check online to discover what your quote is. This saves you the time of driving around to every individual insurance company.

Susan Reynolds is the webmaster for a leading South African Insurance Portal that provides consumers with the best Car Insurance Options.

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The Benefits Of Getting Older…in Terms Of Your Car Insurance

Tuesday, July 27th, 2010

You are another year older and another grey hair on the head. It is not all bad news though as some things get better with age. Take for example your car insurance. If you are over 22 and have a full license then you are probably much better off now with AXA insurance. Chances are that you now have a ‘Drivers of Other Cars’ policy extension included.

AXA covers most of our customers (aged over 22 years with a full licence or 25 years old with a full or provisional licence) while driving other people’s cars. This means you can drive someone else’s car and automatically have Third Party cover on it (without being a named driver on the owner’s car insurance), as long as you have been given permission to drive the car.

Here is an example of just how valuable the ‘Driving of Other Cars’ extension could be to you: You are heading away for the weekend with two friends. One of them offers to drive the three of you down the country. Unfortunately over the weekend this friend breaks his arm and isn’t able to drive you all back. But all is not lost – if you have the ‘Driving of Other Cars’ extension on your AXA car insurance policy you could help save the day, hop in your friend’s car and drive you all home – safe in the knowledge that you have Third Party cover.

This cover only applies if you don’t own the car or haven’t hired it under a hire-purchase agreement. The easiest way to check if you have this cover is to have a look at your certificate of insurance – the covers you have are shown in Section 5(b).

Whilst the cover offered to you by the “Driving of Other Cars” policy extension is a coveted thing to possess, it does not cover every vehicle. This extension applies to private passenger vehicles only. This excludes vehicles such as vans, car-vans, jeep type vehicles with no backseats, and vans that are adapted to carrying passengers. So be aware of this in the future.

Did you know that if you are an AXA customer with 3 years fully comprehensive car insurance then you will get your Customers that have been with AXA for 3 or more years with comprehensive insurance will be upgraded. The 3rd party “Driving of Other Cars” extension will now be transformed into comprehensive “Driving of Other Cars” cover for free. So if you are driving your friend’s car home after your holidays you will now be covered if you happen to damage his car.

Take advantage of your increasing grey hairs with AXA car insurance Ireland. Purchase cheap car insurance today.

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Tips To Seek Out The Best Motorhome Insurance

Sunday, July 25th, 2010

You do not know just how important it is to ensure that you have the best motorhome insurance on your side. When you finally find the best policy that you can easily afford, you should not wait another second to sign up. Look through this guide in order to find out what you need to do in order to gain a coverage plan that only works for you!

The plan that you decide to sign up for needs to have all of the bells and whistles that you require along with a price that can be paid for over the next 6 months. If you have enough in your savings, simply pay for a 6 month policy and you will never have to worry about another monthly bill. Automatic payments are also going to help you save a lot of time and anguish on the road.

To ensure that the prices that you are receiving are the right ones, you should take advantage of the option for online quotes. These quotes can easily be used so that you do not waste all of your money on an expensive plan. You will also get an inside look into the amount of coverage that you will be getting each month as well as any and all special features.

The top insurance companies are usually the best teams to work with. If you are ever in an accident or even a slight fender bender, your insurance company should be able to come to your rescue. If you try to save money through local, small companies you are only going to be hurting yourself and depleting the value of your motorhome.

Choose from a variety of features that will only make life on the road much easier. You can get free car rental service that will still allow you to have the wheels you need to get around. Roadside assistance is also a must when you are always traveling around the country!

You will need to be sure that you utilize every type of tool and resource that you can find. In order to get the very best deal possible, you must be getting online and finding out how to get your own motorhome policy. The process is fairly simple once you learn were the nest company is!

While you are online, you must take the time to check out the major company websites. This is going to give you an inside look into how these companies run their businesses and how they can help you effectively. If you have any questions at all, this is where you want to have all of that cleared up before you go out and buy your policy.

Do not waste a lot of time without having motorhome insurance coverage. You need to protect yourself as well as the family that you are hauling around on this road adventure. When you have the right plan in place, you are not going to have anything to worry about ever again!

Looking to find the best deal on Motorhome Insurance, then visit www.yoursite.com to find the best advice on Motorhome Insurance for you.

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