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Car Insurance Rates to Rise in 2015 Car insurance rates are expected to rise in 2015, according to a report by InsuranceQuotes.com. The report, which surveyed more than 2,500 insurance companies across the country, found that the average cost of car insurance is expected to increase by 4% in 2015. The survey found that the average cost of car insurance for a single male driver under the age of 25 is $3,959, which is a 5% increase from 2014. For female drivers under the age of 25, the average cost of car insurance is $3,622, which is also a 5% increase from 2014. The survey also found that the average cost of car insurance for married couples is $3,540, which is a 4% increase from 2014. The report noted that the rising cost of car insurance is due to a variety of factors, including increased competition among insurance companies, the cost of repairs and medical bills, and the cost of settling lawsuits. It is important to shop around and compare car insurance quotes from different companies in order to get the best rate. You can use an online comparison site, such as InsuranceQuotes.com, to get free, no-obligation
The Motor Vehicle Insurance and Repair Industry (MVIRI) Code of Conduct Committee (CAC) says it has made significant progress in response to the independent review conducted by Dr Michael Schaper. The CAC has finalised a brief for a rewrite of the Code, in addition to formally seeking legal advice regarding governance options to external parties
While vehicle insurance is compulsory in Malaysia, there are many incidents where it is found the other driver/car is uninsured in the event of an accident. So, the question is asked, what happens next? We […]
The occurrence of adverse weather that results in fallen trees and roadside furniture can be unpredictable, and as depicted by these images from a Sri Petaling community Facebook page, vehicles parked in the vicinity of […]
The Motor Vehicle Insurance and Repair Industry (MVIRI) Code Administration Committee (CAC) has met significant milestones as it continues its work to review the MVIRI Code of Conduct (Code) in response to the independent review conducted by Dr Michael Schaper. The CAC has received legal advice regarding options for incorporation as a formal legal entity