Car Insurance Gone Bad

No matter which country you live in, driving a car is an everyday thing. In many countries, you cannot go from point A to point B unless you have a car because public transportation is a nightmare to deal with. Driving a car is necessary, but it is also a big problem. Car accidents happen, car insurance fraud is a biggie and drunk drivers somehow always think they are capable of driving regardless of how much they drank. If you have gone to a bar with a group of friends recently, you know what we are talking about.

Ok, so we know cars and car insurance cause a lot of headache but the race always goes on. This race is not just at the local level. We are talking about global competition for the biggest car insurance obstacles. Accidents happen every day and car insurance company representatives are getting busy at their cubicles handling their favorite tasks: car insurance claims. 

Car Insurance Claims

You are entering a parking lot cautiously and you do not have a stop sign. An oncoming car fails to stop at his stop sign and hits you as you make a left to park in a nearby spot. Both of you get out, maybe you yell at the person for being an idiot and then you exchange information. 

A car crash is quite common in every part of the world and the first thing anyone will do is make a car insurance claim. Once you compare auto insurance claims across the globe, you will find that there are just as many claims as there are Big Macs being ordered in every city. 

Car Insurance Fraud

When it comes to insurance crimes, car insurance fraud is at the forefront. People all over the world purposely get themselves into car accidents in order to get money out of the situation. They even have names for the types of accidents such as the "rear-ender," where the person in front of you will break hard on purpose so that you will "accidentally" rear end him. As if we do not have enough stress, now we have to worry about being in a staged accident against our will. The experts say that as long as the economy is down, car insurance fraud is up. 

Drunk Driving and Other Car Crash Fatalities

The reality of it all is that the poorest countries have some of the highest numbers when it comes to car collision fatalities. However, many people in poor countries do not even have car insurance. Whether you want to compare Africa to China or India to Europe, what is evident is that road traffic injuries and fatalities are prevalent. 

The formula is simple: highly populated country plus the need for vehicles equals many car crashes. The more car crashes there are, with most of them usually caused by drunk drivers, the more car insurance claims will be opened.