Rising Car Insurance Rate In Blue Star State
August 31, 2008
Drivers in the state of Texas are facing a double-whammy: gas prices are higher than they’ve been in years, and, now, auto insurance rates have increased as well.
Earlier today, the state’s biggest automobile insurance provider–State Farm Mutual–announced to Texas Department of Insurance that it intends to raise rates by a mean of 2.4% throughout Texas. This change, scheduled to take effect at the end of October, 2008, will affect approximately 2 million State Farm-insured drivers. Read more
Auto Insurance: All Quiet On The Eastern Front
August 30, 2008
In April of 2008, the state of Massachusetts introduced its drivers and auto insurance providers to a new system of “managed competition.” Now, at the end of August 2008, there seem to be few issues with the system. Motorists and auto insurance providers alike remain quiet. For Massachusetts Insurance Commissioner Nonnie S. Burnes, no news is, it appears, good news. Read more
Consider Your Auto Insurance Before Driving A Modified Vehicle
August 28, 2008
One of the leading passions of America is automobiles. While a vehicle may not factor into everyone’s interests, as a nation, driving a vehicle is more than just a requirement and is something of a way of life in itself. With so many automobile racing sports in entertainment and a strong legacy backing the nation’s industry leaders, people from all corners of the nation enjoy and appreciate their vehicles for a wide variety of reasons. Read more
Commissioner Warns Californians of Auto Insurance Fraud
August 27, 2008
Commissioner Steve Poizner of the California Department of Insurance alerted motorists earlier today of the dangers of deliberately-induced automobile collisions, perpetrated by those who seek to profit from auto insurance fraud.
More than 60% of all the cases of fraud reported to the California Department of Insurance have been related to automotive insurance. These fraudulent schemes would have resulted in over $182 million worth of total losses for California auto insurance providers, had they not been detected and reported. Read more
High Fuel Costs Benefit Auto Insurers
August 25, 2008
The price of crude oil, which has been reaching unprecedented heights throughout 2008, has harmed many businesses in America. However, one type business has benefitted from the high costs of fuel in the US: the automotive insurance provider.
The US Department of Transportation reports that US the amount of miles covered by US drivers during the month of April, 2008 decreased by 1.4 billion, as compared to April 2007. During March of 2008, American motorists covered 4.3% fewer miles, as compared to March of 2007. That percentage represents the biggest annual decrease in miles driven by US motorists since 1942, when the US Department of Transportation started keeping track of this figure in the first place. Read more
How To File An Auto Insurance Claim
August 24, 2008
Every driver is required by law to carry some form of automobile insurance. This is to protect the interest and well being of the car’s owner. Insurance policies differ with each company and each holder as does the exact way those claims are filed. There are, however, enough similarities to give a general overview on the process.
Filing an insurance claim can be stressful and even a hassle but well worth it especially if extensive damage has been done. Most insurance claims are ones dealing with damage and not personal injury. No matter the type of injury or who is at fault what an insurance claim boils down to is proof. Read more
Canadians Demand Changes Following Auto Insurance Scandal
August 22, 2008
Vancouver activists are criticizing the Canadian government-run Insurance Corp. of British Columbia, one of the biggest auto insurance providers in Canada. In the wake of a scandal a involving an illegal money-making project among ICBC employees, activists demand large-scale changes in the way the company oversees its operations. Read more
Dangerous Vehicle Means Higher Auto Insurance Rates
August 20, 2008
Automotives have a long and successful history in America, and rightfully so. Being the birthplace of the original motorized vehicle concept, Americans have taken to their vehicles with enthusiasm and respect, because cars are the lifeblood of the daily hustle.
With the large variety of vehicles available today, there is something for everyone. Some people like to think frugally and buy only what is necessary for function, and there are cars like the Honda Fit and Toyota Corolla for the more economically-minded. On the other hand, there are plenty of automotive aficionados who live for the thrill of performance, speed, and style, and these types enjoy their sports cars. Read more
Allstate Second Quarter Results Show Massive Income Decline
August 20, 2008
Allstate Corp, the largest public provider of automobile and other property insurance in America, has revealed its figures for the second fiscal quarter of 2008. The insurance giant experienced a 98% decrease in revenue since 2007. This decrease was due to the company’s quickly-devaluing investments in the catastrophic US mortgage market, as well as to this year’s spate of storms and other natural disasters, which made property-damage claims skyrocket. Read more
Caveman Introduces Bar Patrons To Geico Auto Insurance
August 18, 2008
GEICO, the third-biggest privately-funded provider of automobile insurance in America, is reaching out to young adult drivers between the ages of 21 and 34. Geico’s newest marketing campaign involves a partnership with the Ecast touchscreen media network.
Ecast’s touchscreen interfaces grace the jukeboxes of more than 10,000 bars across the USA. They allow bar patrons to connect to an enormous online database of music, accommodating a far wider variety of tastes than the limited music selection of any single bar. Read more
New “Hands-Free” Law Impacts California Auto Insurance
August 18, 2008
At the beginning of this month, the state of California introduced its controversial “Hands-Free” law, which fines drivers up to $175 for using a hand-held cell phone (as opposed to a “hands-free” headset to talk on the phone) while operating their motor vehicles. According to statistics from the handful of states that have already started enforcing such laws, this new regulation might reduce the number of automotive deaths per year by up to 900. Now, the California Department of Insurance is starting to test the effects of the law. If the lawmakers’ optimistic prognosis pans out, California auto insurance policyholders might stand to benefit from reduced rates. Read more
California Ponders Environment-Friendly Auto Insurance
August 16, 2008
The state of California is considering a new kind of insurance policy, already available from some insurance companies in 34 of the 50 states. It is also an option in many European Union countries, in Canada, and in Japan. This new policy is environmentally sound and reflects the higher costs of driving an automobile in today’s geopolitical and economic conditions. Moreover, it can save policyholders as much as $650. This new policy type is known as “pay-as-you-drive.” Read more
Auto Insurer Progresses Into Massachusetts
August 16, 2008
The Ohio-based Progressive Corporation, one of the top three auto insurance providers in the United States, recently started operations in the state of Massachusetts. The company began selling auto insurance in Massachusetts at the beginning of May, 2008. As of today, the company has sold over 10,000 vehicle insurance policies to Massachusetts customers. Read more
Expensive Fuel Equals Cheaper Insurance, Says State of Idaho
August 15, 2008
Idaho, like most of the country, has been affected by this year’s record-breaking spike in the cost of crude oil The cost of gas in Idaho, like most places in America, has topped $4 per gallon. Statistics from the Idaho Department of Insurance indicates that Idaho residents have coped with this situation by ditching their cars. More and more Idaho residents have started to rely on public transportation, carpooling, biking, rollerblading, or walking, rather than keep paying $40 a week for gas. Read more
Alabama Gets New Auto Insurance Program
August 15, 2008
Recently, nationwide auto insurance provider Progressive has reported its introduction of its MyRate auto insurance program to the state of Alabama. The program encourages safer driving while, simultaneously offering motorists the opportunity to reduce their auto insurance rates. Read more
AARP Gives Oregon Seniors New Way to Save on Auto Insurance
August 14, 2008
The American Association of Retired Persons (AARP) is a non-profit organization designed to serve the interests of its members, all of whom are individuals older than 50. This year, the AARP once again brings its valuable classes on safer driving to Oregon seniors. The classes, which will start up again in the middle of July, will guarantee participating senior citizens a reduction in their auto insurance rates. Read more
How Your Claims History Affects Your Home Insurance Costs
August 14, 2008
Intuitively, it would seem that people buy home insurance at all on the presupposition that eventually they will have to make a claim. That is the only way insurance makes sense at all. Aside from the fact that it’s often required by law, why pay the premiums if you don’t think you’ll ever need to collect?
Given this common-sense assumption, it can seem unfair that filing multiple claims with your home or auto insurance provider–especially certain types of claims–can make your rates go up. Certain kinds of claims cause your insurer to see you as a liability. After filing many claims, you might find that not only have your rates increased, but your coverage has diminished. What’s worse, other insurers might become more hesitant to offer you new coverage. Read more
The Mathematics of Auto Insurance
August 9, 2008
When you’re picking an auto insurance provider, you already know it’s important to shop around, compare prices, and understand the different levels of coverage available to you. However, once you have this information, to really get the most out of your auto insurance, you need to go an extra step. In order to really understand the pros and cons of every auto insurance option, you need to do some math. Don’t just look at whatever policy is cheapest, or even at whatever policy gives you the most coverage for the price.
Instead, carefully consider all the factors involved in driving a motor vehicle, and calculate your risks intelligently. Then, choose your policy. More likely than not, you’ll end up saving more money this way than only by looking at prices. Read more
Auto Insurance Companies Give Special Discount To Hybrid Drivers
August 9, 2008
The effects of the sluggish economy can be seen almost anywhere in the country if you go to a gas station and look at the prices for fuel. We’re living in a time where people have to be conservative when it comes to driving, because paying at the pump for a full tank is becoming something of a luxury that most people are hard-pressed to afford. Read more
Auto Insurance Industry May Adapt Pay-As-You-Drive Policy
August 9, 2008
Pretty much anybody in America can tell you that driving is not getting any cheaper. Due to a weakened economy and a stronger global demand for oil, gas prices are at their highest in decades, and likewise drivers are suffering at the pump when they have to empty their wallets to get their fill. Read more
Home Insurance Cost
August 8, 2008
Have you ever wondered exactly how the cost of your home insurance is figured? What aspects are used to figure the amount? Is there some sort of complicated formula that the agents follow? You can learn about the aspects that influence the price you are paying for your home insurance, and can actually use this information to lower your premium rates. Once you know how to think like an insurance agent when calculating the price of a policy, you will be able to determine just how much of a risk an insurance company would deem you and come very close to the actual figure of the price you would have to pay. Read more
Home Sales Hit Nadir
August 7, 2008
The American housing crisis shows few signs of abating. The National Association of Realtors released figures earlier today that show Americans are able resell fewer and fewer homes than ever before.
Over the course of 2008, the number of non-new one-family homes sold across America has decreased by 15.5%. Since 2005, the highest point of the housing bubble, that figure has fallen by 33%. During the month of June, that number had decreased by 2.6%, a very high loss for only one month. If the June rate of US homes sold continued for over a period of one year, it would amount to 4.86 million non-new homes sold–the lowest number of non-new homes sold in ten years. Read more
North Carolina Contemplates 13% Car Insurance Rate Increase
August 7, 2008
At the beginning of this year, the North Carolina Rate Bureau, speaking for the interests of North Carolina’s auto insurance providers, asked the North Carolina Department of Insurance–a state agency–to issue a ruling increasing North Carolina drivers’ auto insurance rates by a mean of 13%. The Department of Insurance did not begin its decision-making process regarding the proposed increase until the end of June. Now, auto insurance policy-writers based in Virginia are waiting for a decision from the North Carolina Department of Insurance, which is not estimated to come before the middle of August. Read more
Filing In The Gap Of Gap Insurance
August 6, 2008
For car owners who are either leasing or financing their vehicle getting into an accident even a fender bender can spell financial ruin. Often time the cost of repair is far more then what the car’s value is estimated at leaving consumers responsible for the difference. Read more
Almost Half a Million Could be Uninsured in Colorado
August 6, 2008
Based on the reports published by leading researchers, over a third of all the patients that went to 37 health clinics in the state of Colorado on a single day turned out to be uninsured. This realization exposes the possibility that close to one and a half million people in the entire state could also suffer from a lack of adequate coverage.
Conducting the survey on a voluntary basis was the University of Colorado Denver School of Medicine, which collected information among patients who had private insurance, Medicare or Medicaid. Their research showed an alarming figure: over 36% of the 948 that were surveyed were underinsured. Read more
Health Insurance Outpaces Inflation
August 5, 2008
One of the few things that are elusive to obtain but very much worthwhile is Health Insurance. With the right job, this comes relatively easy, but in many other professions or positions, you are left having to jump through hoops in order to obtain the coverage you need to live a peaceful and less worrisome existence.
With so many people in need of health insurance these days, many of them turn to paying for it out of pocket, but a slumping economy has made it difficult to afford something that is being further confounded by the fact that rising premiums are pushing more and more people out of the market. Read more
New Jersey Insurer Starts Safety Plan
August 5, 2008
High Point Auto Insurance has teamed up with OnStar, the General Motors-owned communications network designed to keep participating vehicles safe on the road. High Point Auto Insurance has partnered with OnStar to create a new program for promoting vehicular safety among New Jersey drivers, according to an announcement the auto insurance provider made to the press earlier today.
High Point Auto Insurance has already had a long history of championing road safety. The insurer has lent its support to a wide variety of community-based safety initiatives. The most famous of these was the program called Keep Kids Alive Drive 25(R), designed to combat unnecessary traffic fatalities among children by encouraging drivers to adhere to the speed limit in residential zones. Read more
Georgia Motorists Get A Break
August 5, 2008
The GMAC Insurance Group, a major US-based automotive insurance provider, has stated earlier today that it’s lowering its rates in the state of Georgia. GMAC policyholders with Georgia-registered vehicles will be paying approximately 7% less a year for their car insurance, say GMAC representatives.
The savings will come in a variety of forms and will differ on a customer-by-customer basis. The savings will mostly take the form of annual premium deductions. However, the amount of money that is deducted will be determined by variables different for every driver, such as where in Georgia they reside, what type of vehicle they drive, their age, and the amount of coverage they have. Read more
Low Profile Car Can Save On Insurance
August 4, 2008
Although most drivers pay attention to is the risk their vehicles run of being stolen, a large number of them don’t take into account the frequency at which their vehicle types are stolen on a national level. Even if you protect your vehicle well, it could still be one of the types that are targeted the most often by car thieves, and thus you’re not only at a higher risk in general of having it kidnapped, you also may suffer when it comes to getting your car covered by insurance companies, since they pay attention to the type of vehicles that are stolen the most often and adjust the rates as necessary to reflect this kind of information. Read more
Are Hybrid Vehicles a Good Purchase For Low Insurance?
August 4, 2008
Ask anybody you know, and they’ll tell you that times are tough. Actually, just ask yourself that, and you’ll most likely be able to tell yourself the same thing. America is in a slump, and everybody is feeling the shock waves of a stuttering economy. One of the biggest issues today is the cost of oil, which in turn has affected the price of gas considerably, a harsh fact that has been hitting the wallet of every American citizen that drives a vehicle. Read more
GEICO Earns Prestigious Award Again
August 4, 2008
GEICO, the most rapidly expanding auto insurance provider in the United States, recently received additional recognition from the Ward Group, a company that monitors the insurance industry. GEICO earned a place in Ward’s prestigious 50 Benchmark Group for its excellent treatment of policyholders, its financial stability, and its continued ability to come through with its promises. This is the 18th consecutive year that GEICO has won the award. Read more
Overlooked Ways To Save On Homeowners’ Insurance
August 2, 2008
You could be overlooking an important way to save on your homeowners’ insurance. America’s economy is forcing many households to find new ways to be thrifty. Looking at the documents give n to you by your home insurance company can yield oft-ignored opportunities for thrift.
Most people know that they can reduce their homeowners’ insurance rates by changing their policies to have a bigger deductible. However, many people don’t know how many ways there are to get credits with their home insurance provider. With these credits, home insurance providers reward people who choose to improve their homes by lowering their annual rates, without increasing deductibles. Unlike the situation in which you lower the premium by increasing the deductible, you don’t stand to lose anything by taking advantage of these credits. You only stand to benefit. Read more
Pre-Paid Gas Is It Worth It
August 2, 2008
Consumers are getting hit and hit hard at the gas pumps. The price for gas is on the rise with no relief in sight. This is distressing to motorists who are on the constant lookout for new ways of saving gas.
Hybrids, car pooling, and scooters are popular methods and now pre-paid gas cards are added to the mix. Read more
-
Advertisements
-
Categories
-
Advertising