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

  • Car Insurance Premiums Down to a Staggering 15% in the EU

    by Richard Burton
    Car Insurance Premiums Down to a Staggering 15% in the EU

    In the past several months, car insurance premiums went down to an astonishing 15%, and are at their lowest, according to the data available of the past five years. According to a research conducted on price comparison by Confused.com, the average quoted premium has gone down to a third from the year 2011. Now the insurance companies are quoting £579 instead of £678, which they charged a year ago. This step was a major EU directive for encouraging youth of both genders to opt for car insurances as the fallen premiums are now under the affordability range of an average … (more) December 18, 2014

  • Fair Auto Insurance Rates Up For Grabs in June 8 California Ballot

    by Jeanny Hopper
    Fair Auto Insurance Rates Up For Grabs in June 8 California Ballot

    By June 8 this year, California residents will be able to vote for an auto insurance persistency discount. Consumer watchdog group Californians for Fair Auto Insurance Rates (CalFAIR) was able to gather enough clout to place a voter initiative on the June ballot. The Secretary of State certified that the initiative intends to reward drivers who possess car insurance for a certain period of time to be eligible for a persistency discount even if they switched to another insurer. The Continuous Coverage Auto Insurance Discount Act gained the financial support of Mercury Chairman George Joseph as well as other company … (more) February 3, 2010

  • Non-Profitability in 2010 Seen By Auto Insurance Industry Insiders

    by Jeanny Hopper
    Non-Profitability in 2010 Seen By Auto Insurance Industry Insiders

    If the survey conducted to executives from different insurance companies is true, then the auto insurance industry is in for a big crunch. In a poll conducted at the yearly Property and Casualty Insurance Joint Forum Industry, a total of 51% industry execs said that overall industry profits would remain flat. This is because of expectations that a number of premiums would likely fall. Pessimism on its growth is accentuated by the fact that only 14% polled that any increase in the volume of premiums is likely to happen. When it comes to profit, 51% anticipate increase in revenues in … (more) January 25, 2010