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

Click for more auto insurance headlines »

  • Survey Shows Decrease in Insurer Satisfaction Ratings

    by Jeanny Hopper
    Survey Shows Decrease in Insurer Satisfaction Ratings

    Insurance policy holders were seen to be increasingly conscious of their respective insurance companies according to The Pantagraph. This is according to a recent survey conducted early in 2010. The survey included 25,000 policyholders which produced a shift in the J.D. Power and associates’ 2010 insurer satisfaction rankings. They have found that the overall satisfaction of policyholders have plummeted by 10 points in 2010. The decrease in 10 points from 2009 resulted in a 777 out of a 1,000-point scale system. The decrease in the overall satisfaction rating of policy holders show that policy holders are becoming more aware of … (more) September 15, 2010

  • 15 Out Of 100 Montana Drivers Do Not Carry Auto Insurance

    by Jeanny Hopper
    15 Out Of 100 Montana Drivers Do Not Carry Auto Insurance

    A state insurance official reported that around 15% of Montana residents do not carry auto insurance. The national average is 13.8%. Property and casualty actuary in Missouri state’s Auditor’s Office Mari Kindberg, explained that all of the states surrounding Montana have statistically lower rates of motorists without insurance including South Dakota (7%), North Dakota (5%), Idaho and Wyoming (both at 9%). Billing Republican Sen. Roy Brown directed a resolution in 2009 to enable the Revenue and Transportation Interim Committee to study the issue of underinsured and uninsured motorists. Kindberg said that there are already existing laws in Montana which compels … (more) February 24, 2010

  • $702 is the Current National Median Auto Insurance Rate

    by Jeanny Hopper
    $702 is the Current National Median Auto Insurance Rate

    The median auto insurance rate, for a 6-month policy, is presently $702. This was reported by InsWeb, a premier insurance comparison provider online. The rate has dipped by about 0.5% in the last six months. The Insurance Provider has also provided statistics which break down the median rate data according to specific demographic categories. These categories include women, men, teens and senior citizens. InsWeb said that women shell out a median auto insurance rate that is 5% lower compared to men. For a six-month policy, instead of $720, women pay about $683. Drivers who are 19 years of age (and … (more) February 8, 2010