Important Factors that Influence Auto Insurance Policies

by Richard Burton

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

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  • Lessening the Rate of Auto Insurance In Detroit May Scare Away Insurers

    by Jeanny Hopper
    Lessening the Rate of Auto Insurance In Detroit May Scare Away Insurers

    At $5,000 annually, the fact the drivers in Detroit pay the highest average automobile insurance premiums is unfair, according to an advocacy group. The group called the Fair and Affordable Insurance Rates (FAIR), has gained the support of Detroit Democrat Sen. Hansen Clarke for a ‘ballot initiative’ to lessen the rate of premiums for Detroit drivers. However, this action may not reach its idealistic potential, according to Michelle Minton, insurance studies director Of Washington, D.C.-based Competitive Enterprise Institute. FAIR aims to lessen business, home and auto premiums by 20% and give an additional 20% cut for drivers with good records. … (more) February 1, 2010

  • Tennessee Drivers May Face Premium Hikes Next Year

    by Jeanny Hopper
    Tennessee Drivers May Face Premium Hikes Next Year

    Recent reports from Memphis point that that the cost of driving safely in Tennessee and being protect when behind the wheel could be steeper anytime soon. Motorists may be required to shell out extra dollars to pay for auto insurance premiums come 2010. According to a number of insurance providers in the state, a premium rate hike next year can be inevitable as prices of other commodities go up. One of the major auto policy providers in the state said that they need to increase premium rates as much as 6.5%. Other representatives from other insurers said that a 5% … (more) December 26, 2009

  • New Jersey Premiums Decline; State still ranks 2nd with most expensive rates

    by Jeanny Hopper
    New Jersey Premiums Decline; State still ranks 2nd with most expensive rates

    New Jersey Premiums Decline; State still ranks 2nd with most expensive rates Motorists from New Jersey may feel dismay after car insurance rates have dropped and yet, New Jersey still ranks second when it comes to the state that has the most expensive auto insurance premiums in the US. For the first instance after many years, premium charges for coverage are declining in New Jersey and insurance providers are battling to keep their customer’s loyalty. Motorists groups even say that for the first time, they feel that insurance advertisements and highway billboards that cry out excellent offers speak the truth. … (more) December 8, 2009