Auto Insurance can’t be easier as Insuring your car with Dial Direct
Dial Direct offers 4 types of car and auto insurance.
As a Dial Direct policyholder, you can also enjoy the great Dial Direct benefits:
To get a free auto insurance quote click here to visit Dial Direct
Auto Insurance is partly based on the average kilometers insured people drive. But isn’t that unfair if you drive far less as the average person because you might be a stay at home mum, your work from home etc. There can be many reasons why you drive less as the average person. Why should you pay high premiums for your auto insurance if your car is standing still most of the time. Obvious you are at a lower risk to be involved in a accident as the business person who drives 30000 Km a Year.
Here is where Pay as you Drive comes into play. Hollard’s Pay as you drive is the first personalized auto insurance in South Africa where your auto insurance premiums are directly related to the number of kilometers you drive.
Pay As You Drive – Personalised auto insurance, where auto insurance premiums are based on your monthly mileage! Click Here to visit hollard for a quote
Insurance companies earn money in two ways.
Underwriting is the process through which insurance companies select what risks to insure and decide how much insurance premium to charge for insuring those risks
Through carefully investing the received insurance premiums in high return investments they will be able to earn money on the invested insurance premiums
The most difficult aspect of the insurance business is the underwriting of polices. Based on a wide set of available data, insurance companies predict the likelihood that a claim will be made against their insurance polices. Insurance companies price products according to the likelihood of claims.
At the end of the insurance, the amount of insurance premium collected minus the amount paid out in claims is the insurance companies underwriting profit.
Insurance companies currently make the most money from their auto insurance line of business. Generally better statistics are available on auto insurance claims and underwriting on this line of business has benefited greatly from advances in computing technology.