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9 Tammuz 5759 - June 23, 1999 | Mordecai Plaut, director Published Weekly
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News
Reduction in Comprehensive Car Insurance Rates

by S. Fried

Ma'ariv reports that the Menorah and the Hachsharat Hayishuv Insurance companies have announced that they are lowering their rates for comprehensive car insurance by 10%. The directors of the companies explained that the lowering of the rates is due to the decrease in car thefts, and the stabilization of the rate of theft at a relatively low level.

Menorah is lowering the tariffs by an average of 7%. The reduction in certain models will reach 15%. Ari Kelman, the senior director in Menorah, said that during the first quarter of the year the company earned 7.4 million shekel from holdings insurance. He said that it was decided to grant the reduction in order to support the company's agents and to increase the client base.

The Hachsharat Hayishuv insurance company decided on a reduction of 10% in its comprehensive car insurance tariffs starting July 1. The company made it clear that the tariffs were reduced at an average rate of 15% with respect to certain models such as Nisan, Diova, Skoda and Citroen. The general director, Ron Weissberg, relates that the company will, at the same time, continue to sponsor campaigns regarding compulsory car insurance.


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