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

  • Billion-dollar deal struck by allstate as it plans to buy esurance to increase online sales

    by Richard Burton
    Billion-dollar deal struck by allstate as it plans to buy esurance to increase online sales

    Auto insurance major Allstate has struck a billion-dollar deal with plans to buy Esurance as well as Answer Financial from White Mountains Insurance Group Ltd as it has major expansion plans with regard to its online sales. Thomas Wilson, CEO is now looking at ways and means to bring in more customers through the rest of the channels like the internet as the younger generation generally avoids insurance agents. Most often, online shoppers opt for insurance coverage from lesser known insurance companies. Allstate seems to have lost a lot of customers due to this since the last 3 years. Paul … (more) June 3, 2011

  • New Law Set to Reduce Accidents, Insurance Costs

    by Jeanny Hopper
    New Law Set to Reduce Accidents, Insurance Costs

    Federal insurance regulators and members of the Congress are readying plans to introduce a new legislation that would limit the use of electronic devices such as cell phones while driving. Citing independent studies conducted by private companies, Senator Chuck Schumer introduced the Avoiding Life-Endangering and Reckless Texting by Driver’s (ALERT) Act in order to reduce the cases of accidents caused by driver distraction. The said bill is now undergoing discussion in the Congress and is expected to pass amidst much debate. If passed, the legislation would require state governments to enact provisions that would ban the use of mobile phones … (more) October 5, 2009

  • Insurers to Refund N.C. Drivers $50 Million

    by Jeanny Hopper
    Insurers to Refund N.C. Drivers $50 Million

    In the latest victory for North Carolina’s 1 million car owners and drivers, the State Insurance Commission has reached a settlement with insurance companies to refund some $50 million. The recent spat between the insurance commission and the insurance industry has also resulted in major benefits for the state’s policyholders. Aside from the refund, private car owners will also enjoy lower rates thanks to an out-of-court agreement between the providers and the state government. Rates will also remain frozen for the next two years as part of the settlement. Wayne Goodwin, North Carolina’s insurance commissioner, said that some of the … (more) July 29, 2009