Today's business world is complex, unpredictable, uncertain and volatile. One of the key drivers of this volatility is the rapid change that surrounds us. Over the years, changes have also been made in the auto insurance industry. There are three types of coverage available in car insurance. There is only the third, which is mandatory as it is the least required by law; covers your liability to third parties for damage or injury to property resulting from the use of your car. In addition to third party liability coverage, you can also choose to be covered and protected against damage or loss resulting from fire or theft, known as third party fire and theft. If you add accidental damage protection to your vehicle to those mentioned above, you are covered with comprehensive coverage. The latest statistics show that the number of cars and traffic volume are increasing once again and this has been the government's agenda. The number of people who own cars has grown since 1980, so this is good news for both automakers and insurance companies. Furthermore, increasing carbon emissions have come at an environmental cost. In the Malta Financial Services Authority (MFSA) November 2011 newsletter, the 2010 insurance statistical analysis section shows that data released by the MFSA regarding insurance companies in Malta shows a 45% increase in total premiums gross accounted for in the period 2009-2010. The accident and health group recorded an increase in premiums written by 85% compared to 2009. Auto insurance premiums increased by 39%Dating back to the 20th century, motor vehicles first appeared, but in.. .... half the paper ...... so the number of complaints increases. The market is developing and has gotten to the point where customers can go to price comparison sites such as confuse.com or moneysupermarket.com and by simply typing a query, the consumer is presented with a variety of insurance prices from which they can purchase the own insurance at competitive rates. Works Cited http://www.esurance.com/insurance-resources/senior-car-insurance- mitohttp://www.streetdirectory.com/etoday/negative-effect-of-globalization-pcecwf.htmlhttp://www. carinsurancehub.com/car-insurance-and-credit-crunch.phphttp://www.talkonce. co.uk/the-history-of-motor-insurance/http://www.autoinsurancequote.com/articles/customization-adding-tweaks-to-your-vehicle-may-affect-your-auto-insurance.htmlhttp: //www.carinsurancecomparison.com/will-customizing-my-car-affect-my-car-insurance-rates/