In a recent blog by Cars Insurance Savings, the writer mentioned seven things about a car that influences the cost of auto insurance. Before buying a car, it is important to make sure of some things because they can incur a lot of cost. To be brief, here are the seven things that car owners need to make sure: Find out how much repairs would cost: If the car is a foreign and fancy one, it can cost you a lot to repair it! This translates to a high premium for the auto insurance. Be sure that your car … (more) January 16, 2015

  • Car Insurance Premiums Down to a Staggering 15% in the EU

    by Richard Burton
    Car Insurance Premiums Down to a Staggering 15% in the EU

    In the past several months, car insurance premiums went down to an astonishing 15%, and are at their lowest, according to the data available of the past five years. According to a research conducted on price comparison by Confused.com, the average quoted premium has gone down to a third from the year 2011. Now the insurance companies are quoting £579 instead of £678, which they charged a year ago. This step was a major EU directive for encouraging youth of both genders to opt for car insurances as the fallen premiums are now under the affordability range of an average … (more) December 18, 2014

  • “Cash for Clunkers” Insurance Clause Irks Wisconsin Lawmakers

    by Jeanny Hopper
    “Cash for Clunkers” Insurance Clause Irks Wisconsin Lawmakers

    Legislators in the state of Wisconsin are expressing outrage over a provision of the “Cash for Clunkers” program that requires car owners to present valid insurance for the past year. According to U.S. Sen. Russ Feingold (D-Wis.), the requirement is unfair to most Wisconsin car owners and drivers because auto insurance is not required in the state. Feingold wrote a letter to the program’s implementing agency, the National Highway Traffic Safety Administration (NHTSA)about the issue. Feingold argues that because car insurance is not mandatory in Wisconsin, the federal government should not make insurance a requirement for car owners to participate … (more) July 31, 2009

  • Massachusetts’ “Managed Competition” Program Assessed

    by Jeanny Hopper
    Massachusetts’ “Managed Competition” Program Assessed

    After two years in existence, the state of Massachusetts’ new car insurance system continues to receive mixed reviews from industry experts, insurance agents, and drivers alike. The “Managed Competition” system was put in place by the state government through the Division of Insurance in April 2008 to help bring down the cost of car insurance. State officials had hoped that the new system would encourage more carriers to enter the auto insurance market and spur lower rates because of increased competition. Already in its second year, the program has earned both praises and criticism from many residents and figures in … (more) July 6, 2009