Raising Rates Of Car Insurance Satisfaction Notes

Raising Rates Of Car Insurance Satisfaction Notes- It is still hits the second level point since 2000


Car Insurance Policyholders are not increaseing in satisfiying, same point as last year, mostly due to higher rates, according to the update released of Auto Insurance Study by JD Power 2013 U.S.

Still at the same point, JD Power said a decline from last year's record high still puts 2013 satisfaction at the second-highest point since 2000.

For Example in Wisconsin, Illinois, Indiana, Ohio and Michigan, they are in the north central Region, the average score show 797 on a 1,000-point scale.

The most higher was Auto-Owners Insurance, It shows 833. And the Others Car Insurance Companies were above the average included State Farm, it shows 824, and Hartford, at 803.

The study Collect the customer satisfaction cross five factors ,as follows :
1.interaction.
2.price.
3.policy offerings.
4.billings.
5.claims.

For the most lower score was taken by Hanover it shows 764, more lower than the other region Car companies:  Nationwide, 796; Geico, 794; American Family, 790;  Allstate, 788; Country, 785; Liberty Mutual, 784; Farmers, 783; and Progressive, 782.

All Scores across all five Factors were down year over year, though the price and policy offerings were to blame the most for the score setbacks, JD Power said.

This year is very bad, all regions customer satisfaction index was 794 points, down 10 points from 2012.

"But In 2013, there is a sharp rise in the number of customers who have experienced premium increases,” Jeremy Bowler, senior director of JD Power’s global insurance practice, said in a statement. "The dollar amount of those increases is also larger, averaging $153 in 2013, compared with an average rate increase of $113 reported in the 2012 study."

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Increase The _Profit For CTP Insurers In NSW As Premium Prices Skyrocket

Increase The _Profit For CTP Insurers In NSW As Premium Prices Skyrocket-The Big INSURANCE Companies are growing to pay more than $300 million for this year, including as a compulsory of the third party insurance company profits in NSW known as premium prices skyrocket.

Profit hikes in February mean Insurance Companies are almost paying 70 per cent their green slips, it compare than its condition in last five years - making NSW easily the most expensive state for CTP cover.

NSW Finance Minister Greg Pearce Market Strategy official in February allowed insurance companies to increase  their CTP premiums by only up to 15 per cent.

it had been pressured for approve and incrasing the price, because insurance companies threatened to pull out of the CTP scheme altogether said Mr Pearce.

And Unfortunately only four months later, he was the inspirator to conduct this insurance price - in order to reduce premiums Insurance Price by up to 15 per cent. The controversial was coming from th legislation had to be withdrawn from parliament last week after key crossbench MPs indicated that "they could not support the proposed changes any more", and surely it would reduce the payouts to accident victims.

NRMA's fears for green slip reforms

Crossbench MPs indicated their refusal to vote with the government on the legislation was partly due to revelations in The Daily Telegraph about the close links between Mr Pearce and Liberal lobbyist Michael Photios - who represents a number of major insurance companies. Mr Pearce has refused to comment on the matter, while Mr Photios has not returned calls.

Opposition finance spokesman Michael Daley said the government had serious questions to answer about why it allowed companies to put through a price hike, if their aim was to reduce premiums.

"It just so happens that the three insurance companies who were granted some of the biggest price hikes by Minister Pearce are also clients of Michael Photios," Mr Daley said. "Does Greg Pearce have questions to answer? You bet."Latest price estimates show people in NSW are paying an average $518 for green slips, which adds up to 37 per cent of the average weekly wage.

Nowday , Insurance companies pay more than 10 per cent higher than the next most expensive state (for example in the South Australia) and more than twice the amount paid by lucky motorists in WA, who spend an average of just $247 - or 16 per cent of that state's average weekly wage - on premiums.

NSW government scraps green slip changes

But according to the Motor Accidents Authority, insurance companies have got valluable profit an average 19 per cent of the billions of dollars paid in premiums by NSW drivers from 2000-2010. Going on that 10-year trend, profits last year would have equated to more than $340 million.

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