as informed in Cuvva’s founder, Freddy Macnamara, says he came up with the idea of paying for car insurance by the hour while discussing lending his car to a friend.
In the next few months two start-up insurance firms will begin offering pay-as-you-drive car insurance products that claim to do away with the big up front annual premium.
James Blackham, co-founder of Just Miles, says these products will finally take car insurance into the 21st century.
From the end of this month, a company called Cuvva will begin offering its pay-as-you-go car insurance to specially invited customers who will trial it ahead of an eventual nationwide rollout.
Having analysed the available information, Matt Oliver, car insurance expert at GoCompare.com, says these policies will have the greatest appeal to very-low-mileage drivers.
as declared in car insurance claims increase as roads get more dangerous in wet weather, and home insurance claims increase when it’s hot and dry.
Why insurance premiums will spike in 2017Andrew Munro 7 February 2017Why home and car insurance premiums are rising, and what you can do about itHome and car insurance prices are set to rise by 4% in 2017, with CTP insurance in New South Wales predicted to jump by 13%, according to a new insurance industry report.
The average cost of home insurance claims went up by 12% last year, and the cost of motor insurance claims climbed by 5%.
The best time to switch car insurance is at renewal time, so you don’t have to pay the fees associated with changing mid-policy.
When the time comes, you might also want to try to find some car insurance discounts to lower your costs.
Differences between motorcycle and car insurance
as declared in Motorcycle insurance is more expensiveEven though your motorcycle may cost much less than a car, dollar for dollar, motorcycle insurance is generally more expensive than car insurance.
Motorcycle insurance is not always mandatoryIn most states you do need insurance, or a financial alternative, to ride a motorcycle.
Anyone at fault for an accident is required to have motorcycle insurance for up to three years.
This is simply because you’re at a higher risk of an accident while riding your motorcycle than driving your car.
In Florida, motorcycle insurance isn’t mandatory if you have a clean driving record.
about the details read more from here
collected by :Olivia Mathio