In Latvia, nearly half of automobile homeowners haven’t brought about a single accident within the final 20 years

In Latvia, 46.9% of automobile homeowners haven’t brought about a single street accident prior to now 20 years, representatives of the Latvian Transport Insurance coverage Bureau (LTAB) mentioned, primarily based on statistics compiled by the bureau for 574,076 individuals pure

However, 35.3% of automobile homeowners have brought about one accident in 20 years, 11.5% – two, 3.9% – three, 1.4% – 4, and 0.4% of automobile homeowners have been the liable for inflicting greater than 5 accidents.

The chairman of the LTAB board, Jānis Abāšins, says that almost all automobile homeowners are comparatively diligent drivers, and that their insurance coverage historical past is nice and even glorious.

“On the similar time, these drivers who’ve a better variety of accidents of their insurance coverage historical past normally additionally commit varied site visitors violations, which makes them a better danger class consumer within the estimation of the insurance coverage,” defined Abāshin.

LTAB reminds that the prevailing “Bonus-malus” system will stop on August 1 of this yr, turning it right into a centralized insurance coverage historical past information provision service with out advanced algorithms and formulation, which made the earlier system obscure.

Within the historical past of non-public insurance coverage, information will probably be collected from Might 1, 2004, whereas the “Bonus-malus” system collected information for the final 11 years. Additionally, the insurance coverage information will probably be up to date routinely day-after-day, not on the evening of September 15, as within the current system.