Drivers Held Responsible for Rising Insurance Premium
Posted on May 11th, 2011
Some drivers think buying insurance cover as avoidable financial burden so do not compare car insurance quotes but on the contrary, these drivers usually indulge in road accidents.
The honest drivers are questioning about the hike in their insurance premium even if they are not involved in any kind of road dilemma. With every passing day, the number of accidents is also rising but whether the insurance rate is increasing it will not be able to stop those reckless drivers. Whereas the insured drivers will be punished further every time by the rise in insurance cover premium.
The insurance companies monitor the performance of every driver and its effect is reflected in the insurance rate. The police officials need to take strict actions of tracking down reckless drivers and give them tickets. The insurance companies will be able to judge the driving efficiency and risk involved with each customer by his or her driving record.
The driver committing more damages and faults will have to pay high premium whereas the driver with good driving record can get good discount on insurance premium. The driving record along with cases influences the premium rate as the risk points are awarded accordingly. The more risky a driver is more premiums he will have to pay for the insurance cover.
The carelessness as well as negligence about the driving will cause more damages to the vehicle and result in more insurance claims. The investigation procedure is needed to identify the driver contribution in the accident. If the driver causes the accident then the claim amount will reduce largely but if it was sudden and fault of other driver then the insurance company will incur all the repair cost.
The accidents are unpredictable so it is wise to have a good insurance cover and compare car insurance quotes as you might be benefited if met with an accident. The insurance company will help you in covering the repair cost as well as medical bills after the accident.
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Tags: Insurance, Rising Insurance
Filed under Car Insurance News |