LIABILITY? THIRD PARTY VEHICLE INSURANCE IN
Di Giacomo Palumbo
In recent years the market of vehicle Liability insurance in
This rise in prices in
For this reason, the differences between premiums for the exact same vehicle liability insurance can vary widely according to the insurance company chosen. Not only for this reason is it necessary to shop around before choosing a policy. It can save quite a bit of money.
“Ania” (Italian National Association of Insurance Companies) has re-launched an investigation against the government’s company-saving decree and the Antitrust Authority has found that in
It was consequently considered very important to help face the issue of vehicle Liability insurance in two ways: a) by providing a more complete set of information and analysis on the market in Italy, b) by opening a discussion at the European level between the organs which control the insurance markets in the respective countries and which as a result have a privileged view of the markets and their operators.
We have made a technical analysis of the market for vehicle Liability insurance in
And, as has happened in
The term full insurance coverage is simply an insurance marketing strategy. As well as the year of registration of the car it takes into consideration a profile created of the person to be insured - age, sex, occupation, low-mileage discount, number of possible drivers of the car, leading to a customization of the premium offered.
The general conclusion to be drawn is that the rates seem to be less diversified in
Another important conclusion of this research should be mentioned. Efforts should be made to lower the prices of vehicle insurance policies and to reduce their rate of growth compared to the evolution of inflation. One of the possible easy ways to lower the cost of European vehicle insurance is to utilize anti-theft devices and indicate their existence in the insurance policy.
The measures to bring about all these changes must be backed up by the control and intervention of the Insurance Authority, and by the commitment of consumer groups, in order to improve the quality of the service and increase the degree of transparency of insurance rates and contractual norms.
In summary, using this survey to draw conclusions on a European level, it has emerged that the vehicle Liability insurance, relating not only to cars, and also taking into account the different purchasing powers, is more expensive in