Algeria – Motor insurance price increases for kamikaze drivers
Saturday, 08 20 2016, Category: Insurance and Reinsurance, Country: Algeria
Motor insurance companies will start imposing measures on unscrupulous drivers who do not respect traffic laws and who cause numerous accidents during the insurance period. Motor insurance prices will increase along every accident committed and caused by the driver.
According to information obtained by “Ennahar” and to an insurance official, companies will adop a new tariff in order to control new increases imposed on concerned drivers who cause accidents in the specified insurance periods. This source added in a discussion with “Ennahar” that the increase will be at least 10% of the initial tariff but will gradually increase every time an accident is committed. Moreover, a list of bad drivers who cause large accidents will be developed among national companies.