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

  • The manner in which Florida handles the pip auto insurance must be changed

    by Richard Burton
    The manner in which Florida handles the pip auto insurance must be changed

    Despite the fact that there is an endless stream of TV commercials that keep bombarding Floridians about the need to pay their quarterly auto insurance premiums, there are few who actually enjoy paying them. Floridians are currently paying around $1,200 more than people elsewhere in the Southeast. Lawmakers in Florida should find ways and means to ease the burden of paying auto insurance bills. It is necessary to come down heavily on those factors that have led to an increase in premiums. There should be limits to the attorney’s fees as well as the fraud which is perpetuated due to … (more) June 20, 2011

  • Providers say New Drivers more Expensive to Insure

    by Jeanny Hopper
    Providers say New Drivers more Expensive to Insure

    Sources from the auto insurance industry called on inexperienced motorists to find better ways to slash premiums in the face of higher insurance rates. According to experts, providers usually slap on higher premiums on younger drivers because of the risk they present. Because insurance companies determine rates based on several factors, most importantly risks, inexperienced motorists tend to garner more costly insurance. Providers also categorize policyholders according to their age groups, with some age groups more expensive to insure than others. Analysts point out that drivers aged 16 to 25 are notoriously costly to insure because of the lack of … (more) September 25, 2009

  • Comments Sought for Proposed Prepaid Car Insurance

    by Jeanny Hopper
    Comments Sought for Proposed Prepaid Car Insurance

    Steve Poizner, California’s Insurance Commissioner, is seeking comments and reactions from the public regarding regulations related to the proposed Pay-as-you-drive (PAYD) auto insurance. Poizner’s office will be accepting public comments until five in the afternoon on July 9. The proposed insurance program is set to be implemented in fall. The said insurance scheme involves insurers to calculate premium rates based on how much a driver takes his vehicle out on the road. Many groups have hailed the new initiative that aims to reduce the number of cars on the road and provide more accurate premium prices for consumers. Commissioner Poizner … (more) July 1, 2009