Toyota Insurance partners with Swiss Re European risk rating system

Toyota Insurance - Red Toyota Car

The automaker has announced that it is joining the insurer’s vehicle risk rating system. Toyota insurance has become the latest partner in the Swiss Re platform that assigns a vehicle risk score to make it easier for insurers to calculate premiums that take new safety features into account. This new partnership will apply to the Toyota and Lexus vehicle models rolling out in Europe. By way of this partnership with Toyota Insurance Services (TIS)/Toyota Insurance Management Europe, Swiss Re’s Advanced Drivers Assistance Systems (ADAS) risk score will be extended to…

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Auto insurance could rise by as much as £500 for women in the EU

auto insurance premiums rise

Female drivers an life coverage policyholders could find that they are paying far more very soon. Starting on December 21, life and auto insurance companies in the European Union will no longer be permitted to use a policyholders gender as a factor in the calculations of his or her premiums. On Friday, those insurers that have not already changed their rules will be required to do so. This means that women who have life or auto insurance coverage will likely find themselves paying over £500 more per year for the…

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Could Green Vehicles Reduce Your Insurance Bill?

Green Insurance

The obvious incentive to encourage green car adoption in recent years has obviously been potential fuel savings. This has become an increasingly attractive feature to motorists at a time when fuel prices are continuing to rocket. However, it now appears that green cars could also bring an insurance saving as well, with price comparison website MoneySupermarket claiming that many insurers will offer a discount of up to 5% off the total price of annual premiums to anyone who is looking for cover on a vehicle deemed to be environmentally friendly.…

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European automobile insurance companies may begin using black boxes to establish rates

Car insurance companies in Europe that are looking for a way to work around the ban in Europe on charging different rates to male and female drivers are considering innovative new technology using black boxes that may completely change the way that auto insurance premiums are calculated. The largest automobile insurer in the United Kingdom, the Royal Bank of Scotland, is one of the companies currently investigating and testing the use of this technology, which uses a small device to monitor the way that customers use their vehicles so that…

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