Car Insurance Market
Insurance to say good-bye to the traditional commencement of insurance cover to the turn of the year Berlin, July 02, 2009 the car insurance market faces a major turning point. The classic insurance beginning at the turn of the year and hence the traditional termination date for car insurance on November 30 could soon be history. With the market leader insurance Alliance and the Victoria the first insurance groups already use on a flexible contract start date. The R + V has already announced insurance, to abandon the old date on the 1st January. The Alliance as the largest car insurer establishes the direction\”, explains insurance expert Thorsten Bohg by the independent consumer portal toptarif.de (www.toptarif.de). Other companies, particularly the classic motor insurer, will follow this trend the next time.\” Primarily, the conversion is justified with the possibility for a better distribution of the annual administrative costs. The background of the changes is likely but also elsewhere There are\”, so Bohg. By the appearance of new, more aggressive direct insurer and exacerbated by the cash for clunkers program a tough price war for customers has flared up in the car insurance market. The big insurance companies feel pressure by competition from the Internet, which own market shares shrink this. It is\”quite possible that flexible control the desire is the father of the idea, to solve the attention of motorists by the termination date on 30 November, Bohg makes clear. So far, this annual, fixed date in the minds of the insured was very present. Probably the one or other period of notice is forgotten now and also the exchange rate could go back if the dynamics of the market as a whole is no longer oriented on a fixed date,\”. The new regulations only when purchasing a new car are felt. Here it is that after the conversion of their current insurance policy to January 1 in a cheaper especially for those car owners more expensive, Damage freedom class would have been classified.