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

  • $30 million increase in Medicaid costs if proposed Michigan auto insurance changes get approval

    by Richard Burton
    $30 million increase in Medicaid costs if proposed Michigan auto insurance changes get approval

    One of the recent studies conducted has revealed that there will be an increase of $30 million in the Medicaid program in Michigan if the legislature gives a nod to the changes proposed to the state’s no-fault insurance law which has been in existence for nearly 39 years now. In fact, the no-fault auto insurance law in this state is considered to be so good that many other states use this model to build of the no-fault laws for their respective states. One of the changes proposed is to allow drivers to select different levels of coverage for PIP (personal … (more) September 24, 2011

  • GEICO Hunts for Fraud No-Claims Cases in NY

    by Jeanny Hopper
    GEICO Hunts for Fraud No-Claims Cases in NY

    The Government Employee Insurance Company, otherwise known as GEICO, has filed a court case against no-claims suspects which operated in Kew Garden in New York last June 11. In the claim, suspects ask for radiological services payment which they forwarded to a medical professional corporation that has been charged to be clandestinely held and managed by nonmedical people. The complaint reported on the United States District Court for the Eastern District of New York was a $1.8 million worth of compensation and treble damages as set upon by the Federal RICO statue and the communal law of New York. They … (more) July 7, 2010

  • National Corvette Museum to Offer Insurance for Collectors

    by Jeanny Hopper
    National Corvette Museum to Offer Insurance for Collectors

    Even vintage cars need protection. The National Corvette Museum recently announced that it will be offering special car insurance policies to collection car owners and other limited use vehicles. The museum has teamed up with the NCM Insurance Agency to provide special coverage for collection cars rarely driven on the nation’s roads. Corvette owners can avail of the special insurance policy if they drive their vehicles occasionally to events, club meetings, and special trips. They can also get the special insurance as long as they drive less than 1000, 2000, or 6000 miles per year. A portion of the money … (more) June 24, 2009