Auto Insurance News Archive for 2010

• Buying Good Car Insurance plays a significant role

  by Jeanny Hopper
  

  You can save a good amount of money just by doing some research work online. The popular Edmunds.com posts a study that shows that a lot of people buy auto insurance at the end of an advertisement on TV just by calling out the number. To find the best value follow the couple of things jotted down below: It is important to know how much coverage you actually need, many states offer minimum required amounts to cover up accidents that result in body injuries, the injuries that are liable for all those that are injured in the accident and damage … (more) May 23, 2010

• Arizona Drivers Provided With Low Cost Auto Insurance Premiums

  by Jeanny Hopper
  

  While most states including a few provinces in Canada and several American states face a hike in the auto insurance costs, Arizona slides away from this price hike. A Wisconsin based company called the American family is ranked 5th as an auto insurer in the U.S and is also ranked the third largest in underwriting policies of casualty and property. This insurer lowered the premium rates for drivers this march. A story posted recently on weekly news of insurance shows that the owners of automobiles in the state of grand canyon would see a rates descending by at least 7.2%. … (more) May 22, 2010

• A New Car Insurance Application, Launched By Android

  by Jeanny Hopper
  

  A car insurance application has been launched by the Ohio direct to consumer agent for smartphones. This application uses the operating system of google android which is rich attracting platforms and also one of the fastest growing grounds for smartphones. This deal was announced by progressive insurance earlier this week. Matt Lehman, the web experience director of progressive said they saw a good 30% increase in the number of visits to the smartphone website mainly by the users of android during the last four months. This application by android was mainly created to make mobile experiences simpler for the growing … (more) May 21, 2010

• 423 Frauds Cracked Down By Task Force

  by Jeanny Hopper
  

  In a shocking incident, Jaime Antonio Tavares acquired a broken hand to try and get coverage for his medical bills just after stating on September 14 after the crash that he wasn’t injured. Tavares claimed $5000 for his mustang after the collision and also an extra $1500 for a car that was rental from liberty mutual. After the company paid his bills, they grew suspicious when they analyzed his accident that didn’t happen the way he said it did. Later, the company denied paying for his claims and shifted the case to the insurance fraud bureau of Massachusetts. The 36 … (more) May 20, 2010

• Two new hires by Elephant stun the public with remarkable records

  by Jeanny Hopper
  

  On the 19th of April, 2010 it was posted that the Elephant Insurance Services announced two new hires today. This Virginia based company which is rated a leading auto insurance provider announced this important news today. The two hires are Greg Minkler, the marketing manager of Richmond and john carpenter, the new operations manager of Richmond. John carpenter holds an impressive record in organizational change, managing operations excellently, as an external vendor and also personal development with 200 companies as fortune. His previous position was that of a director of sites for services of insurance at the bank of America. … (more) May 19, 2010

• Get smart car insurance now and benefit from it

  by Jeanny Hopper
  

  The company that a consumer chooses plays a very important role in the rates of the auto insurance policies and premiums. The factors that affect the auto insurance rates are driving habits, age, the residential state and records. A website called the autoinsurance.net is a place where consumers can conveniently receive information that is reliable and comprehensive from several insurance companies. It is a smart move by consumers who explore all options before settling down to one decision. Certain issues should be kept in mind while choosing an insurance policy. When choosing details like amount to be deducted, limits and … (more) May 18, 2010

• Ever had trouble getting insurance? Here are a few steps to make things easier

  by Jeanny Hopper
  

  You need auto insurance that would cover up all your costs during an accident, but you don’t want to pay any more than you actually have to, so what do you do? If you are someone who loads thousands into your insurance companies just for a couple of tickets, during an accident or a credit rating, it would be worth the effort to shop for your policy against others. You could covert the money saved by you into a long term desired item. If you have to find the right auto insurance for you, it is important to know how … (more) May 17, 2010

• Universal Casualty Company is now in big trouble

  by Jeanny Hopper
  

  An order has been issued against the universal casualty company by the Illinois insurance department because of its failure to maintain and perform procedures for accurate settlement and investigation of the claims of consumers. UCC, an insurance company for automobiles doing business in Indiana, Missouri and Illinois and located in the elk grove village was ordered by the department in the year 2009 on august eleventh to a fine of $200,000 and was made to correct the processes of the claims right then. Sanctions have been imposed by both Indiana and Missouri because of the unfair practices of the UCC. … (more) May 16, 2010

• The new east region headquarters in Maryland has new jobs coming its way thanks to the State auto insurance

  by Jeanny Hopper
  

  In the eastern region head quarters located at hunt valley, support, sales and professional underwriting staff is being hired by the auto insurance group of the state. This head quarter, when completely staffed, the hunt valley team will touch about 51 employees almost 9 times more than it had just 3 years back. This new hunt valley headquarters is placed in the newly renovated offices that cover 21000 square feet at the 10 north park drive. The regional pay roll of the company when it is staffed completely is predicted to go beyond 5 million dollars. Hunt valley is listed … (more) May 15, 2010

• Targeting LGBT, a good marketing strategy

  by Jeanny Hopper
  

  Opportunities are brought about with change in business. And those states where gay marriage is now legal show opportunities in marketing to sell insurance products for gay couples. According to the merge media based in Texas, the gay market is humongous in the US. It says that about $800 billion in policies is bought by bisexuals, transgender, lesbians and the gay community. These communities usually have powerful allegiances to one brand in particular. Merge media that has clients like Coors and hotels.com and BMW say that about 89% of these communities usually buy brands that are advertised directly to them. … (more) May 14, 2010

• Students opt for less expensive Insurance Policies

  by Jeanny Hopper
  

  Many consumers believe the insurance rates they are paying are very high and in some cases are beyond the budget of many families. Auto insurance is an essential for road vehicles. The younger generation of working class people who are still stepping stones to their success find the cost of insurance very high. Most consumers below the age on 25 have had complaints with the cost of these policies whereas more well-off consumers have not done so. Experts suggest that consumers must search for the right auto insurance policy to suit their needs and preference. Insurance policies are available from … (more) May 13, 2010

• Retaining customers hard due to recession

  by Jeanny Hopper
  

  As the recession in the US has brought about financial difficulties to millions of its residents, it is significant to retain existing customers. Customer retention is absolutely important for those insurance agencies that have long term profit goals says the report given by JD power and associates. The report showed that 30% of the households who earned less than $50,000 opted for new insurance carriers in the past year and almost 45% of the customers changed their carriers. And 26% of the households, those that earned more than $100,000 opted to buy new carriers leaving just 31% of them actually … (more) May 12, 2010

• Prop 17 opposed by many, Mercury Insurance to face lawsuit

  by Jeanny Hopper
  

  Prop 17 bill, which was on the verge of being passed this June, was not passed by the Democratic Party, California. This bill, Prop 17 gives insurance companies the ability to make consumer’s loyalty or auto insurance purchase and management history one of the factors which determine the insurance coverage and monthly coverage rates. The new changes were brought to the voting session by Mercury Insurance. Prop 17 being one of Mercury’s top priorities of the year has cost the company $5.25 million so far. Mercury Insurance ranked as one of California’s biggest names in auto insurance, has created a … (more) May 11, 2010

• Monarch Insurance VIP On-The-Spot very effective, say consumers

  by Jeanny Hopper
  

  All vehicle owners and drivers alike are very careful when travelling by road. Vehicle owners are careful to not cause any damage to their vehicles or other vehicles on the road. They are also a danger to themselves and pillions when they meet with accidents. Many people are careful to avoid accident as they find it an inconvenience to go and get auto insurance or health insurance policy as the process of filling it up is complex. Monarch Insurance’s Vehicle Insurance Policy provides consumers for on the spot application and receipt of insurance policies and on the spot payments on … (more) May 10, 2010

• Mississippi learns about the hike in premiums

  by Jeanny Hopper
  

  The policy holders in the gulf of Mississippi know for sure that there is in the hike in the rates of insurance but what they don’t know is that to get home loans or auto insurance, their credit scores are factored! Consumers who have faced financial difficulties are looking at high premiums for home and auto insurance loans because of the economy. But it is said that there can be hikes in report even due to errors in the reports. Mike Chaney, the commissioner of insurance in Mississippi also says that he saw a 10 % increase in his rate … (more) May 9, 2010

• Maine has the Best Auto Insurance Policy Prices

  by Jeanny Hopper
  

  Auto insurance rates vary in different states. The least auto insurance is paid at Maine Ohio, where consumers enjoy very low rates of insurance. Insure.com a website shows statistics stating Maine charges consumers the country’s least expensive auto insurance. Drivers in other states like Michigan who have an average annual insurance rate which is almost twice as much as the average insurance rates of the country itself pay the highest insurance coverage in the country. Maine is the least expensive state with $902.85 average coverage falling lower than Ohio and Vermont and Louisiana State with the highest insurance coverage rate … (more) May 8, 2010

• Louisiana auto rates ranked highest in the nation since Katrina

  by Jeanny Hopper
  

  Ever since the hurricane Katrina hit Louisiana, the rates for auto insurance have hiked up to an extent that now it ranks the highest in the nation with the drivers paying a yearly premium if about $2510 as posted by web site insure.com. NAIC ahs data only till the year 2007 but another study by it shows the ascending insurance prices when compared with the other states. Fro the year 2003 to 2005, based on the average auto insurance premium rates, Louisiana ranked the 4th, climbing up to the 3rd place in 2006 and 2nd in 2007.   The … (more) May 7, 2010