The sounds of insurance price war grow louder

Insurance company Warta announced that it has substantially lowered its comprehensive car insurance premiums and its clients will be able to enjoy discounts between 80%-85%. In this way the insurer replied to the aggressive policy of its competitors which lowered their prices by an average of 15%. From June, Warta introduced a new pricing policy, which allows clients to receive a 30%-35% discount, but only if they agree to an excess (that is receiving lower compensation in the event of an accident) by 5%-10% of the insurance covered. The company also introduced a 5% discount for clients who pay for the year in advance and annulled charges for those who pay in two installments. New customers can enjoy these generous discounts after a year of no-claim bonus. This move anticipates the forecasted 5%-15% cut in auto insurance prices by Warta's main competitor, PZU scheduled for July. (Parkiet, p. 1) M.M.