Reduction in motor insurance claims

thanks

In 2009 there were 156 traffic collisions involving material damage on Westmeath’s roads; however new figures released by the Central Bank last week reveal a significant overall reduction in the number and expense of motor insurance claims cost.

Infrastructure improvements and a noticeably more cautious motoring public are having a positive impact on the level of accidents on our roads and the resulting cost of insurance claims, according to motor insurance experts www.getcover.ie

The new figures, which include feedback from Westmeath motorists, show that the average cost, measured on a per claim basis, decreased by 25 per cent, to €4,218, for comprehensive cover and by 32 per cent, to €5,391, for third party fire and theft cover between 2002 and 2009.

There are 48,000 registered motor vehicles in Westmeath and according to the new figures, overall accident frequency in 2009 reduced from 8.6 to 7.8 accidents per 100 policies for comprehensive cover, and from 6.5 to 5.9 for third party fire and theft cover.

According to Jessie O’Connor, motor insurance specialist from Getcover.ie, “While this reduction in frequency is in part the reason for the reduction in claim costs, we believe that improvements in the levels of social responsibility are probably the key factor.

Advertisement

 

Page generated in 0.1119 seconds.