Allianz Direct’s Post

New Compare the Market data shows the cost of car insurance rose by 18% in the 12 months leading up to May 2024. However, the average cost of comprehensive car insurance rose by just 1% in the first three months of 2024, sparking hope that price rises are finally starting to ease. The ABI's latest figures show the average car insurance premium now sits at £635, up 1% from £627 in the final three months of 2023. The rise is significantly less than the 12% jump seen between the third and fourth quarters last year. Soaring repair costs have been largely blamed for premium price rises. Other cost pressures reported by insurers during the same period include longer repair times – this skyrocketed the cost of providing replacement vehicles up by 47%. Read more details here: https://lnkd.in/ehEP89sA At Bridgetech Automotive, our services work to help insurers reduce their indemnity spend, automate manual processes, free up call-handling resources and introduce significant operational efficiencies. Visit our website to find out more: https://lnkd.in/e5JrtjR9 #Insurance #CarInsurance #Innovation

Kingfisher Insurance renewed its partnership between its classic vehicle insurance brand Peter James Insurance and the British Motor Museum, supporting three major classic car shows in 2025. https://hubs.la/Q033J7Kk0

Fleet Insurance A fleet policy is ideal for companies that have more than three vehicles. It allows simple day to day management of the company’s vehicle insurance. You can cover a wide range of vehicles under one policy from light goods vehicles to HGV’s. Whatever size your fleet Hoskin will approach the main insurers to make sure you get the most competitive terms each year. We take a hands-on approach to claims so that you can keep your business moving. Contact us today to find out more #insurance #fleet #HGV

Great article from Hemmings! If you're looking for a better deal on your collector auto policy without skimping on coverage, let's chat! #ClassicCars #OpenRoad #Insurance #AutoInsurance #InsuranceNews

Check out this great piece published in Hemmings about OpenRoad’s superior coverage & savings….”Today most auto enthusiasts are overpaying for the wrong coverage and don’t even realize it until it’s too late. New classic and collector vehicle insurer OpenRoad aims to fix that with coverage built specifically for these vehicles and at prices that reflect the special care we give these rides.” #ClassicCars #OpenRoad #Insurance #AutoInsurance #InsuranceNews

Recognised for Excellence in Fleet Savings and Safety! We’re excited to share that our partnership with 1st Choice Insurance was recognised as a finalist, and received a Highly Commended award in the 'Van Insurer of the Year' category at the What Van? Awards 2024! This recognition celebrates the positive impact of our collaboration in helping van fleets manage risk, improve safety, and reduce insurance costs. Our goal with partners like 1st Choice Insurance is not only to offer better services and rates, but to help fleets understand and improve their risk profile. While inflation and rising repair costs can push up premiums, many factors are within fleets’ control. Effective strategies—such as enhanced safety measures and improved driver retention—can significantly reduce costs, many of which can be achieved using FleetCheck's software. We’re proud to work alongside 1st Choice Insurance in setting new standards for fleet management and insurance innovation. Together, we’re helping fleets reduce costs and enhance safety. #Partnerships #Collaboration #RiskManagement #Fleet #Awards #HighlyCommended #1stChoiceInsurance #FleetCheck

My Abbotsford Commercial Auto team out playing Santa 🧑🎄 to our fleet clients today! Do you have multiple vehicles? Maybe you could benefit from a conversation about the benefits of fleet insurance. Reach out if you’d like to know more. #fleet #commercialauto #abbotsfordfleet #icbc #hubinternational #insurance #christmas #insurancebroker #hubcanada

🆕 #InsuranceNews from the Claims Journal ⤵️ Porsche Auto Insurance Launches New Unlimited Policy Porsche Auto Insurance launched a new unlimited policy for owners of Porsche automobiles who drive more than 10,000 miles per year. The product is indended to complement to the original pay-per-mile policy offered by Porsche Auto Insurance by providing customers … #PropertyClaims #PropertyInsurance #PublicAdjusters #InsuranceAdjusters https://vist.ly/3mmq4jj

The next myth we will uncover in the series of car insurance myths is the 'No Claim Bonus'. 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 1 It is a widespread misconception that switching your car insurance from one insurer to the other will result in the loss of no-claim bonus protection. This is not the case! NCB can be readily transferred from one insurer to another. 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 2 You sell your old car and immediately purchase a new one. In this case, the process is straightforward. While buying a new insurance policy for your car, inform the insurer about your accumulated NCB. Your NCB can then be directly transferred, giving you an instant discount on the new car insurance premium. Even if there's a gap between selling your old car and buying a new one, your No Claim Bonus (NCB) remains valid for up to three years. When you eventually purchase a new vehicle, you can transfer the NCB to the new insurance policy, reducing your premium significantly. 𝐆𝐨𝐭 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬? 𝐀𝐬𝐤 𝐲𝐨𝐮𝐫 𝐪𝐮𝐞𝐫𝐢𝐞𝐬 𝐡𝐞𝐫𝐞. #Car #Insurance #CarInsurance #InsuranceIndustry