Car News recent articles in category Motor Insurance
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Irish motorists offered discount on their insurance if they install a dash cam
In a bid to cut down on fraudulent injury claims, Irish motorists are being offered a discount on their insurance if they install a dash cam. AXA Insurance is offering their customers a 10% discount off their car insurance policies if they install a Nextbase dash cam in their vehicle. The insurance company announced the incentive as they launch an...
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Surge in fuel prices are eroding any declines in Insurance costs
Surge in fuel prices A new survey from the AA survey has found that motorists are paying more overall due to forecourt pump expenses and any savings they have made in lower insurance is being eroded by the increasing fuel costs at the pump. The latest findings have been revealed in the AA’s annual survey of motoring costs. The survey...
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Insurance Companies Cashing in by Dual-Pricing on Premiums
Dual-Pricing on Car Insurance Premiums The Central Bank has been called on to ban dual-pricing of insurance policies. The regulator is being urged to act on these insurers as firms have been quoting inflated prices for year-two renewals. Dual pricing is the practice of setting prices at different levels for the same product or service. This situation has come to...
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What are the Insurance Implications for Self-Driving Cars?
Insurance Implications for Autonomous Cars With Self-Driving cars becoming more and more a near future certainty, you have to consider the insurance implications and impact with the newly shared mobility and self-drive technologies. Some time ago, one of Google’s self-driving cars was involved in an accident. This was one of the most damaging driverless collisions to up until that time....
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Insurance company pays out €4k to woman after initially refusing to payout
An Irish Insurance company has paid out €4k to woman after initially refusing to pay out on the crash claim over a technicality The Financial Services Ombudsman’s office said that there were 1,914 complaints about insurance in 2017 alone. This reported incident sees an insurance company refusing to pay a woman’s claim after an accident because she told them in...
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State fund to cover €40m claims bill owed to drivers following Setanta Insurance collapse
An Irish State fund will cover an estimated €40m shortfall owed to hundreds of drivers following the collapse of Setanta Insurance. At this time about 1,600 people with claims which were being processed by the Maltese insurer have been left out of pocket as there is not enough funds left in the cofferes of collapsed insurance company to make payouts....
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10 ways for reducing your car insurance
Ten ways that can reduce car insurance Finding affordable car insurance is becoming an increasingly difficult task. With so many different car insurance companies and brokers online your options are now more plentiful, however, the loops to qualify for the insurance are becoming more difficult to jump through. The tips below should help you navigate your way through the market...
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Insurer cancels motorists' policies after devices show them speeding
Insurance giant AIG is cancelling motoring insurance policies for irresponsible and reckless driving. The measures are being taken after analysis of 'black box' type devices being used by young motorists to monitor their driving habits. Young drivers get discounts from insurance companies for safe driving. As a result of the analysis of the devices connected to young drivers cars, AIG...
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Raids on insurance companies cited for dramatic insurance fall
European Union officials who could be considered as cartel-busters have been credited with sending motor insurance costs into a sharp reverse. New figures show that insurance costs have suddenly dropped by a reported 14 per cent in the biggest annual drop since the insurance crisis hit. The cost of cover has apparently been falling for a number of months now...
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Sophisticated multi-million euro fraud ring 'behind staged accident damages claims
Sophisticated multi-million euro fraud ring 'behind staged accident damages claims It has been claimed in the courts that a highly sophisticated multi-million euro fraud ring is behind a scam involving fraudsters staging fake accidents in order to extract damage claims. The false claims usually involved alleged offending drivers who had only shortly beforehand taken out insurance on old cars after...