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

  • Auto Insurance Payments, No Grace Period

    by Jeanny Hopper
    Auto Insurance Payments, No Grace Period

    Like any other insurances, health care, life   and even auto insurance premiums give no grace period when it comes to payment. Imagine that you delay the payment of your insurance what if a day late and you have an accident, what will happen? Nowadays, more and more auto insurers are linking late bill payments with auto insurance rates. Those with poor credit or late bill payments are most likely to get higher auto insurance rates. Also, cancelled insurance policies due to late payments will make you pay more. But it will not prevent you or disqualify you from getting one. … (more) June 17, 2010

  • Auto Insurance Costs in Florida are Going Up

    by Jeanny Hopper
    Auto Insurance Costs in Florida are Going Up

    State Farm, the biggest auto insurance provider in Florida, has reported an average auto insurance rate increase of 9.2% which includes 2.7 million clients in the state. Chris Neal, State Farm spokesman, explains that the trend of spiking rates excludes their company since they have reduced their rates for several years in a row. He admits that there has been an increase in the filing of auto claims. State Farm controls 20% of the state auto insurance market. In January, Allstate Fire and Casualty clients had to deal with a 16% rake hike. On average, their customers deal with an … (more) February 5, 2010

  • Rate Evasion Case Filed in Pennsylvania

    by Jeanny Hopper
    Rate Evasion Case Filed in Pennsylvania

    Before 2009 ends, a form of insurance scam known as rate evasion has been committed and filed in Pennsylvania. Charges were already filed against 1 state driver and 23 other individuals from New York and New Jersey. Reports say that defendants are facing charges of insurance fraud for presenting fraudulent information to a government agency, applying for auto insurance using false or misleading information, and for fraudulent application for state registration. The defendants are facing possible five to seven years of incarceration and payment of $10,000 up to $15,000 worth of penalties. Defendants were already identified and arrested, except for … (more) January 1, 2010