Auto Insurance News Archive for August, 2010

• Elephant Auto Insurance Lends Help To Gulf Oil Spill Cleanup

  by Jeanny Hopper
  

  Elephant Auto Insurance is all set to lend a hand at the cleanup efforts in the Gulf oil spill case. While most people are voicing their concern on the adverse effects this will have on the environment, Elephant has realized that it could play a role in the cleanup efforts and hence contribute to the environment. It is knows that along with causing considerable damage to the environment, the oil spill is also bound to affect the wildlife along the Gulf Coast. This makes it all the more important to fix the problem at the earliest. Elephant Auto Insurance is … (more) August 13, 2010

• IIHS: Older people drive safer, less likely to file auto insurance claims

  by Jeanny Hopper
  

  When your granny takes the driver seat, don’t be scared, instead feel safe and secured as research show older people drive safer. In a report by the Insurance Institute for Highway Safety (IIHS), it is revealed that only a small number of elderly driver files car insurance claims. In the United States, 78 percent of the 28 million population of citizens aged 70 and above had drivers’ licenses since 2008. There is a remarkable 37 percent decrease in the rate of deadly accidents among the seniors in such age range. Only half of the population of elders aged 80 and … (more) August 12, 2010

• Online Auto Insurance Transactions on the Surge

  by Jeanny Hopper
  

  With the advent of technology, one can now even transact auto insurance through the internet. A 7 percent increase in online car insurance policies purchased through online transaction was noted in US in 2008, despite the apparent decrease in consumer demand brought about by the economic crisis. In a study released by comScore.com, a leading company in evaluating online transactions, businesses and similar web activities, it revealed that in 2008, there was a remarkable increase in online auto insurance market. Customers requested for 32 million online quotes and bought an enormous 2.4 million auto insurance policies only during the entire … (more) August 11, 2010

• Men Are Getting Better Auto Insurances than Women- Research

  by Jeanny Hopper
  

  Now, even in the area of auto insurance, there is battle between sexes. Post Office Car Insurance (POCI) recently commissioned a research which aimed to study which between men and women are more into getting a comprehensive car insurance. The research revealed that men have the first hand with regards to having comprehensive auto insurance. With a percentage of 58%, men seem to possess such a policy more than women who gained only 44%. Post Office Car Insurance is at the front line in the promotion of rendering a comprehensive insurance policy as an effective way of protection against auto … (more) August 10, 2010

• Automobile Insurance Rate Decreases As Car Stealing Decreases

  by Jeanny Hopper
  

  There seems to be a direct-proportional relation between Auto Insurance rate and Auto Theft incidents as authorities say decreasing records of automobiles being stolen cause the Auto insurance rate to lessen. For the past six years, incidents of auto theft have been decreasing in the whole-wide USA, based on reports by the National Insurance Crime Bureau (NICB). NICB, an organization which takes charge in investigating incidents of auto insurance fraud and theft, has been working hard to decrease, if not totally eliminate, the incidents of car stealing across the country.  NICB President and CEO Joe Wehrle said the collaborative efforts … (more) August 9, 2010

• Be Forewarned: Law Mandates Auto Insurance

  by Jeanny Hopper
  

  Car owners’ excuses for not getting their autos insured will no longer be accepted as car insurance is now mandated by law. Many drivers in the United States neglect having their cars insured due to several reasons. Firstly is the financial constraint. The average rate for auto insurance cost is $1550. The rate, however, changes rapidly from time to time, and varies from state to state. And of course, the aforementioned rate is just the average; the driver’s age, location, gender, and driving skill are vital considerations in taking auto insurance. These considerations may increase or decrease the cost of … (more) August 8, 2010

• Auto Insurance Covers Pets Too

  by Jeanny Hopper
  

  Many may not know about this but auto insured drivers can pay an extra coverage for their pets that gets killed or injured during an accident. The man’s best friends have earned their way to the insurance industry for being part of the family. This kind of insurance has certainly caught up with the time since many families have their own dogs and cats that they can bring with them during car rides. Last year, only a few number of auto insurers offer this opportunity. It was a rare find to be an auto insured with pet insurance. But words … (more) August 7, 2010

• Internet Makes Auto Insurance Shopping Fast and Easy

  by Jeanny Hopper
  

  Getting quotations for auto insurance is now easy, thanks to the Internet. The Internet has been a lodge for many insurance shoppers to obtain information about the insurance they need and the quotes of that insurance. Through the Internet, shoppers will be able to compare prices, policies and benefits of available auto insurance policies. Also, they don’t need to provide sensitive personal information such as driver’s license, social security number or credit card number. All they need is to provide their names, basic vehicle details and numbers. They may also be required to enter their zip codes, ages, gender and … (more) August 6, 2010

• Blind Drivers will Soon Get Car Insurance

  by Jeanny Hopper
  

  While it is always important for drivers to keep their eyes on the road, we will never know about that when it comes to blind drivers. The National Federation of the Blind and Virginia Polytechnic Institute are currently on a project that involves no-see driver system for blind people. Eventually, with this kind of technology and innovation, it would be also be probable that even blind people are required to avail of an auto insurance. Virginia Tech students personally developed the system that would require the installation of laser rangefinders and audio commands to tell the driver to perform actions … (more) August 5, 2010

• Distractions Make Teenage Auto Insurance Premiums Rise

  by Jeanny Hopper
  

  Young drivers, particularly teenagers, are still the listed high risk group reported to have the most number of auto insurance claims. State government and concerned parents and guardians continue to advise their teenage driver children to stay clear of things that might cause them to be involved in car crash accidents. In the 2008 report of the Insurance Institute for highway Safety, sixteen-year-old teenagers is the group that has the highest risk of getting involved into auto accidents. Around 4000 teenagers of the age range 13 to 19 had died in motor vehicle crashes in the same year. Vehicular accident … (more) August 4, 2010

• Allstate to Surpass Last Year’s Recruitment Number

  by Jeanny Hopper
  

  Pennsylvania—last year the Allstate Insurance Company have recruited a fairly large number of new absolute agents in the state of Pennsylvania, and this year, they might just repeat this phenomenal recruitment. Recent reports say that the company has been inclining its recruiting in Pennsylvania again. The company has been recently looking for about 48 agency or organization owners for this year. Just last year, in 2009, the Keystone State, Pennsylvania, has had 55 newly opened agencies scattered around the state. This year, Allstate Insurance Company has been focusing on improving on with this by going beyond the achievements they had … (more) August 3, 2010

• Public Insurance Counsel Object State Farm’s Rate Hike

  by Jeanny Hopper
  

  Austin—one of Texas’s leading auto insurance policy providers, State Farm, which has insured nearly 3 million drivers in the state, would be increasing its average insurance rate by 2 percent in the following month. The company says this is primarily because of the high costs of medical expenditures. State Farm Mutual, known as State Farm’s largest vehicular coverage subordinate, informed the Texas Department of Insurance that their increased insurance rate would be effective on the 16th in the month of August of this year. The climb of the rate would be implemented on drivers who would renew their insurance policy … (more) August 2, 2010

• Travelers Cos. Withdraws Misleading Commercials

  by Jeanny Hopper
  

  Texas law in relation to citizens and their houses say that Texas government would protect every Texan from losing their homes no matter what the circumstance is. So whether or not the person has been involved in a car accident with liabilities and he is not covered by any auto insurance policy, his house, would stay with him since a law protects his house and him. However, the recent advertisement of Travelers Cos. have gone against the said law and because of it, Travelers Cos. was forced to retract every media advertisement published, posted, recorded and devised using the said … (more) August 1, 2010