Just 3% of drivers get more expensive auto liability policies because of accidents

Only 3% of drivers have been penalised by insurance companies through higher tariffs for RCA (civil liability car insurance) policies for accidents caused in the past since the introduction of the bonus-malus system, early this year. The system entails punishing drivers with accidents though higher RCA premiums at the moment policies are renewed and cutting the premium for drivers with a “clean” driving record. “(…) Prior to the introduction, 10-12% of insured persons were expected to be penalised,” stated Mona Cucu, director with the Insurance Supervisory Commission (CSA), present yesterday at the International Insurance Reinsurance Forum organised in Sinaia by Media XPRIMM. Insurers state that because of the challenging economic situation car insurance fraud has been rising faster. Some clients are trying to get money from insurers by staging accidents, wanting to get more than the car is worth and most of the times fraud is achieved together with a claims inspector.