Shopping for car insurance is not easy. There are so many alternatives, how to pick the right one? We have gathered the most useful and up to date information for buying and choosing the right car insurance. We hope this site proves useful for you in your quest! Don't forget to bookmark us and come back often!
Proposed Changes Could Result In Lower Car Insurance Premiums
by Michael Challiner
At the moment, the legal system in Britain forces all personal
injury claims to go through the courts and be judged on an
individual basis. Many of these claims crawl through the courts
at a leisurely pace, the result being expensive court costs.
Even worse, for every 0,,51 that is paid out in compensation,
it has been estimated that the legal profession receives 40p for
their legal work. This amounts to the British legal profession
receiving an estimated 0,,52 billion a year just from personal
injury claims ¨C unbelievable isnĄŻt it!
The insurance companies have to cover these costs, and itĄŻs
costing them so much that it has been estimated that for every
car insurance premium, around 0,,5200 of it will be going
towards paying these personal injury claim legal costs.
The Association of British
Cars at up to
90% off the book value!
Insurers has decided to step in and
bring this practice to an end, and has made a proposal. The ABI
wants personal injury claims to be settled by an independent
arbitration system, instead of by the courts. It would work by
setting compensation payouts for set types of injuries, a system
that has been operating successfully in Ireland since 2004.
There, legal costs have been lowered by three quarters.
If the arbitration system proposed by the ABI is introduced,
each case would involve far less time and energy to resolve, so
naturally the costs would be far less. In Ireland, a back injury
that recovers within 12 months is allocated the English
equivalent of 0,,511,000. A neck whiplash injury recovering in
the same time span would receive a payout of the equivalent of
0,,59,400.
Ian Crowder, a spokesman
Get a free brand new car!
from the AA, reiterated the benefits of
cutting the lawyers out, pointing out the fact that Ą°the
soaring costs of personal injury claims have been a significant
contributor to insurance premium inflation. If they could be
brought under control, premiums could be cut.Ąą ItĄŻs something
that we all wish for. Well, almost everyone.
The British Association of Personal Injury Lawyers is the only
party that donĄŻt want to see an arbitration system introduced
in Britain. Their objections are based on two beliefs, firstly
that the injured would lose their right to an individual hearing
and would be at the mercy of the insurers. Secondly, that their
research showed the initial offers made by insurers to be half
of the final compensation reached. They also state that two
thirds of defendants at first denied liability,
thatĄŻs what
takes these cases to court.
The experience of arbitration in Ireland so far has not
highlighted any of the issues highlighted by the British
Association of Personal Injury Lawyers as a problem.
Compensation values in Ireland have not decreased since
arbitrations, and people get their money up to 3 times more
quickly. WhatĄŻs more, legal costs have been reduced to a
quarter of their previous level
For years now, we have seen car insurance premiums rise at an
exponential rate ¨C we deserve a break ¨C so roll on
arbitration.
About the author:
Michael writes for Brokers Online who offer life
assurance and most UK financial services including car
insurance quotes.
Related Articles
Common myths about car insurance debunked! - Codrut Turcanu
There are many myths about car insurance that have been
floating around for years, and some of them may affect your buying decision. Educate yourself--or un-educate yourself, in this case--and you can make the smartest decision about your car...
Purchasing Car Insurance Online - Some Things To Know About Online Insurance - Jessica Farrell
The Internet has been a blessing to both the Insurance Industry and consumers who want access to a wide range of providers quickly. The benefits of purchasing your car insurance online are many, here's a few of them.
For starters, you have an...
Cheap Car Insurance For Students - Is There Such A Thing? - Greg Haehl
Cheap car insurance is out there
My college days were laced with phone calls from the motor
vehicle department reminding me of my many speeding tickets and
moving violations. Although they never revoked my license I
don't think a driving...
Buy Car Insurance Online-- A Few Tips To Get You Started - Greg Haehl
There is a large shopping mall online for car insurance. You can
buy car insurance online if you understand the process. You have
to accurately report your rating information to an online car
insurance quoting website. Your accuracy is critical...
Car Insurance online quote - Chris Gunnels
Car Insurance online quote with a state by
state guide. Auto insurance is designed to protect you, your
family, and your investment (your automobile) in the case of an
accident. Based on a profile of the primary driver (including
your driving...
Pay as You Drive Car Insurance- a Win-Win Proposition - D Demetre
You can pay as you talk with a cell phone plan, so why not pay as you drive auto insurance? It sounds like a good idea; but would pay as you drive auto insurance work for you? The idea behind pay as you drive auto insurance is simple. Basically its...
Get Cheap Car Insurance - Make Getting Quotes Really Easy - Gavin Bloom
When it comes to getting cheap insurance rates, one of the most important tools you have is information. You need to be knowledgeable about the steps you can take to help ensure that you are eligible for the lowest cheap car insurance rates...
Need more information? Try a search:
Latest news on Car Insurance
Brought to you by Yahoo News
Warning: fopen(http://news.search.yahoo.com/news/rss?p=car+insurance&ei=UTF-8&fl=0&x=wrt) [function.fopen]: failed to open stream: HTTP request failed! HTTP/1.1 999 Unable to process request at this time -- error 999
in /home/bestcar/public_html/includes/rssfeed.php on line 161
could not open XML input