Association of kenya Insurance to introduce cost of insurance based on good and bad driving… Good drivers to enjoy less premium cost while rogue drivers to part with high premium cost…Talkers do you think this will reduce the road carnage witnessed on our roads?..
how will they identify a bad driver?
Hapo ni ngori sana…
What this actually means is that the rates remain the same then wataongezea mtu ashaipeleka repairs i.e you will be charged extra for what you should be getting as standard. Bullshit.
Comprehensively covered guys never heard of NCD? i.e. No Claim Discount?
It works this way, every year you do not have a claim the insurance company gives you a 10% discount on your initial premiums, this has been going on for some time now unless you are using briefcase agents in that case they are pocketing the discount and only bringing you the auto insurance sticker.
The discount can go up to 50% of your initial premiums. So guys if you have been using an agent, make a point of walking to your insurance company and have a look at your file, you will be surprised that you are paying your agent premiums amounting to 7.5% of the value of the car while in actual sense the company only takes 3.75% due to your not having claims with them for the time you were insuring with them. Also when you change insurers, your present company is obligated to give you an NCD certificate to present to the other insurer so as to continue with your reduced rates owing to your impressive record. However, once you lodge a claim the rates go back to normal.
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Asante actuary well put
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