My car insurance is due and my current company sent an information email a day or two before renewal quote to explain why it will be high
Here is a copy of relevant bit...probably the new model on top with no risk history doesn't help. I know this is for a car but we also know we all insurance shares the pain.
Here is a copy of relevant bit...probably the new model on top with no risk history doesn't help. I know this is for a car but we also know we all insurance shares the pain.
Why is the cost of insurance rising? |
It’s no secret that insurers are dealing with an increase in claims and growing costs. So, let’s look at why it’s happening and what we’re doing about it. In recent years we’ve seen the number of car insurance claims rise by 30% and the amount we spend on those claims by over 75%. Challenges faced by the car insurance industry:
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