Auto Coverage Premiums to Rise Further

Auto Coverage Premiums to Rise Further

by Jeanny Hopper

Auto insurance premiums for the past two years have been steadily rising in most parts of the country.  With the current trend not showing any signs of slowing or reversing, consumers should expect auto insurance coverage to further rise.  Experts highly recommend drivers to scout for the cheapest premium rates to get the most out of their money. Some states have seen dramatic increases in insurance fees, with Montana among the highest, registering hikes of as much as 12.9%, depending on the model of the vehicle.  Some cars, most notably imported brands, are assessed with higher premiums due to their … (more) March 9, 2010

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  • Proposed Law Seeks to Hike Auto Insurance Rates of Convicted Drunken Drivers

    by Jeanny Hopper
    Proposed Law Seeks to Hike Auto Insurance Rates of Convicted Drunken Drivers

    If you live in Maryland State and you have been convicted twice for alcohol-related offenses, expect your auto insurance rates to become higher if a bill sponsored by Republican Del. Tanya Thornton Shewell becomes a law. House Bill 526 would increase personal liability insurance in order to beef-up the minimum amount of coverage for claims involving destruction of property or damage, and/or bodily injury or death arising from car accidents involving drunken drivers. Thus, those who would be mandated to secure this are those motorists who were convicted of, or were granted probation, for previous alcohol-associated mishaps. The bill is … (more) February 27, 2010

  • Teen Girls Behind the Wheel Found to be More Reckless Than Boys

    by Jeanny Hopper
    Teen Girls Behind the Wheel Found to be More Reckless Than Boys

    Recent trends suggest that teenage girls drive more recklessly than boys. Formerly, teenage boys have been known as being the most reckless drivers but a recent report indicates that teenage girls are also gaining that same reputation. Allstate Foundation released a report entitled “Shifting Teen Attitudes: The State of Teen Driving 2009” which showed that more girls admit to driving recklessly, speeding, adjusting music, or using a cell phone while driving more times than boys. New Jersey Manufacturers Insurance Co. actuary Thomas DeFalco said that two decades ago, the cost to insure teen boys costs twice as much for boys. … (more) February 26, 2010

  • Car Insurers Eyeing Pet Coverage

    by Jeanny Hopper
    Car Insurers Eyeing Pet Coverage

    Apparently, pets deserve the same treatment as their owners, even when it comes to insurance coverage. More and more auto insurance firms are offering coverage for pets involved in car-related accidents. At present, there are four insurers offering up to $1,000 to clients whose pets have sustained injury or worse, died, in car accidents. Pet coverage gained a new boost when a local TV station showed a short news story about a resident who narrowly escaped a watery grave when the woman’s car was rear-ended into a canal. The CBS news crew was able to capture footage of the driver … (more) June 18, 2009