New models cost more to be repaired or replaced. Hi-tech safety and tracking devices are usually installed in new models. All of these safety devices are expensive to repair if they're damaged. New advanced technology like ventilated and massaging seats, head-up displays, heated steering wheel, also increase the price of policies. Lastly, the new alloys from which body parts are manufactured are more expensive. New aluminum alloys, carbon fiber reinforced polymer, or even new steel types are costly to produce and to repair. New models are preferred by car insurance thieves. Insurance companies will increase the insurance rates for a new car mode if there are too many claims for stolen vehicles for that model. Thieves will choose to steal new car models instead of old ones because they are more valuable. If they cannot sell the whole car, the parts will be sold separately on the black market. Some models … [Read more...] about Why Car Insurance Is More Expensive For New Car Models?
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Auto insurance can be a really costly investment. We are talking about many thousands of dollars spent over the course of several years for coverage. Saving even 10% of that value will give policyholders a consistent sum of money. Drivers should use http://compare-autoinsurance.org to get free quotes and compare prices. … [Read more...] about Top Strategies For Getting Cheap Car Insurance Premiums
Car insurance companies are analyzing multiple factors to determine the risk profiles of their customers. Drivers that are categorized as high-risk will have to pay the highest insurance premiums. To get rid of the high-risk label, drivers can do some changes in certain areas. … [Read more...] about Car Insurance Guide – How To No Longer Be Considered A High-Risk Driver
Young drivers (age 16 to 24) have been observed manipulating electronic devices at higher rates than older drivers,” the National Highway Traffic Safety Administration (NHTSA) reports, noting that 10% of drivers ages 15 to 19 involved in fatal crashes were distracted behind the wheel. … [Read more...] about Why Is Distracted Driving So Dangerous And How Does It Influence Car Insurance Rates
NEW DELHI: India's antitrust regulator is looking into allegations that Maruti Suzuki, the country's biggest car maker, pushes buyers to purchase insurance policies offered by the company, two sources with direct knowledge of the matter told Reuters.The Competition Commission of India (CCI) in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more compared with other options in the market.Based on the complaint, the CCI is assessing whether Maruti has engaged in so-called "tie-in arrangements", in which a car maker promotes preferred suppliers of complementary goods such as lubricants or insurance, the sources said.Indian law says such practices are anti-competitive if they end up stifling competition and limiting consumer choices.The Commission is looking into the complaint and "it will take a while", said one of the two sources, who declined to be named as the case details are private.In … [Read more...] about India reviewing anti-trust complaint against Maruti Suzuki over car insurance: Sources