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Third Party Car Insurance To Cost Up To 50% More stat : DriveSpark

as mentioned in It is likely that insurers will push for another round of increase once the Motor Vehicle Amendments is passed with the proviso that insurance companies pay the entire compensation awarded by motor vehicle claims tribunal.
Some sources said that the last hike could be 25-30 percent.

Third Party Car Insurance To Cost Up To 50% More

As it stated in But did you know that being a good driver could help you save money on car insurance?
You can still find ways to save money on car insurance based on driving habits.
Liberty Mutual, GEICO and the other major players that offer more than just car insurance are likely to give a discount for bundled insurance policies as well.
Beyond these driver diagnostic discounts, here are three other ways you might be able to save on car insurance.
According to Steve Samolinski, OnStar Manager, those with good scores could save up to 30 percent on their car insurance.

Save Money on Car Insurance

As it stated in Auto insurance premiums increase by an average of 44.1 percent — or $371 per year — after a single claim of $2,000 or more is filed, according to InsuranceQuotes.com.
Premiums increase by an average of 99.4 percent after a second claim is filed in one year.
Also find out where rates rise the least after a claim is filed — and why you need to compare quotes regularly.
As we have explained in the past, investing a little time into comparing insurance rates can pay dividends:“If you save just $50 per month on your insurance payments and invest the money with only a 5% return, after 30 years you’ll have saved $40,000!
For example, California limits the factors — such as driver credit scores — that insurance companies can use to determine rates, according to InsuranceQuotes.com’s study.

collected by :Olivia Mathio
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