Auto Insurance News Archive for 2010

Teen driver advocates fight for tougher laws and less expensive car insurance
by Richard Burton

Last week, advocates for teen drivers all over the country met at the Capitol to fight for tougher laws that governs teen drivers and the licensing system. The group was petitioning for the STANDUP act or the Safe Teen and Novice Driver Uniform Protection act. This act aims to push for new tougher regulations ensuring the safety of teen drivers and set high standard on the implementation of state graduated licensing system. The group emphasized that if laws for teen drivers are stricter, it could keep teens safe from dangerous roads and most importantly save more teen lives. This can … (more) November 10, 2010
Auto insurance companies’ collision fees opposed by motorists
by Richard Burton

A survey by the Insurance Information Network of California (IINC) was delivered concerning collision fees imposed on out-of-town and at-fault motorists during an accident. This includes fees charged when the state’s emergency team responds to the incident. The poll shows that only one in five people living in California agree to the fees. According to the data gathered by the IINC, fifty percent of the participants do not agree with it while 26 percent of them are unsure. Several California cities suggested the enforcement of such charges. Huntington Beach for example has agreed to charge out-of-town motorists who are at … (more) November 9, 2010
Auto Insurance Investigators – Ban in Texting Does Not Lower Accident Rate
by Richard Burton

A study was conducted by the Highway Loss Data Institute or HLDI regarding the effects of banning texting while on the road driving to the rate of auto insurance car crash claims in four states namely Louisiana, Washington, Minnesota, and California. They have found out that in these four states, the number of accidents were not reduced as well as the number of claims being filed for car collisions. Even three of the states demonstrated an increase in car crash rates when the time the law of banning texting while driving was put into practice. The increase in rate ranged … (more) November 8, 2010
Car insurance fraud schemes exposed
by Richard Burton

According to the report made by the National Insurance Crime Bureau or NICB, there were five cities with the most number of owner give-ups, a car insurance fraud scheme delivered by the owner of the cars themselves. These cities are namely, Los Angeles, Houston, Chicago, Phoenix, and Las Vegas. And the rate of these crimes seems to increase as New York Fraud Bureau reports a 33% escalation on the number of car insurance fraud cases. NICB has listed common types of car insurance fraud schemes that are under the category of owner give-ups. The bureaus investigators said that owners of … (more) November 7, 2010
An auto insurance company awarded for safe driving program for teenagers
by Richard Burton

An auto insurance company, namely American Family Insurance, was awarded the 2010 Teen Driving Safety Leadership Award by the National Safety Council for their Teen Safe Driver Program. They were recognized because of their program’s efforts to reduce the rate of teen driving accidents in the country. Teen Safe Driver program is in partnership with DriveCam Inc., a company that is dedicated to improving driving skills. Since 2007, they have been offering this program to people who have teen auto insurance for free. With safety driving methods from DriveCam, this program puts a video camera in the teen’s vehicle to … (more) November 6, 2010
Keeping Costs Low for Young Adults’ Auto Insurance
by Richard Burton

Despite the high insurance costs parents of young adults are advised to take the auto insurance as it is a must because the statistics are quite startling. Youngsters in their teens, especially 16-year-olds seem to be the first in the list of fatalities. Motor accidents are the first major cause of death in youngsters. For young adults who are 16 years of age it is a three-fold increase in fatal accidents and hence the high insurance costs. But despite the high costs, parents are advised to get the insurance cover and there are tips for parents with regard to some … (more) November 5, 2010
Is Online Auto Insurance The Solution to Credit Problems
by Richard Burton

People who have bad credit on their auto insurance are often penalized by the insurance companies. While the government is constantly found bailing out the large companies that are not only wealthy but powerful too, it barely even notices the plight of the common man and the way they are penalized over and over again by the very same companies. Hence, for people with the ‘damaged credit’ tag, online shopping for auto insurance comes as some relief. It’s much more than what one might think In a free market economy, auto insurance companies face stiff competition this is good … (more) November 4, 2010
Dispute between ANI and Nevada’s Commissioner Heats Up
by Richard Burton

The Alliance of Non-profits for Insurance (ANI) plans to sue Nevada’s Insurance Commissioner, Brett Barratt for ordering the company to stop sale of ‘first dollar’ insurance to ANI. The disputing parties are the ANI and the Nevada Division of Insurance. It was an upsetting incident for Alliance of Non-profits for Insurance, when the state department rejected registration applications of the vehicles that were insured by ANI. The insurance company also insisted that ANI could get ‘first dollar’ auto insurance policies if it had a ‘fronting company’ that was authorized. While regular insurance companies can sell these policies, “captive” insurance companies … (more) November 3, 2010
California’s Governor Approves Bill for Low-Cost Insurance
by Richard Burton

Since the poverty levels have peaked in recent years, the Governor Schwarzenegger has approved a bill for low-cost insurance for Californians who belong to the lower income groups and thus rewarding Californians who have a good track record and driving habits. Car insurance has been provided to approximately 50,000 Californians by the CLCA (California Low Cost Auto insurance) and it would have expired this year without the extension it got from AB 1597’s extension for a 5-year period. With CLCA there was an increase in policyholders despite high poverty and recession in the economy. It’s a no-frills program where the … (more) November 2, 2010
A Ten-Point Guide to Understanding Auto Insurance
by Richard Burton

At least around 77% of Americans surveyed by MetLife Auto & Home’s insurance literacy survey believe that they would not mind paying a little more to the insurance company in order to get peace of mind and better insurance coverage. However, there were many surprises in store while the survey was carried out. For instance, more than half the population believed they would get full coverage for their new vehicles in case their vehicle was totaled. While most people think that it is insufficient if one gets just some basic coverage from the plan. Instead, they are looking for better … (more) November 1, 2010
New automatic brake technology may help cut car insurance premium rates
by Richard Burton

Auto insurance companies emphasize the importance of factors that can help cut down car insurance premium rates so that people can take advantage of cheaper auto insurance policies. They said that among the things that they consider when deciding on what coverage rate the applicant will be on, the safety measures of the car are taken in high consideration. They said that from statistical data, cars that have less or no safety gadgets installed in their vehicles are the ones that are more prone to car accidents. They said that if the car is not safe, they give high premiums … (more) October 31, 2010
Auto insurance company participate in efforts to reduce drunk driving
by Richard Burton

Mothers Against Drunk Driving, an organization that aims to stop drunk driving, support victims of the crime and stop underage drinking, recently hosted an event called “Walk like MADD”, a 5 kilometer walk in cities nationwide to inform people of their goals. The purpose of this event is to encourage companies, corporations, the community, and groups of people to form a team of ten or more and raise donations amounting to $100 a group that will go to the organization’s campaign to eradicate drunk driving. Joining MADD in their event and sponsoring it is State Farm Insurance Company, an auto … (more) October 30, 2010
Greatest advantage in car insurance policies
by Richard Burton

Car insurance has been and always will be on top of the priority list of car owners. Although most people do not really know much about auto insurance, they are pretty sure they need to have one. When in case you accidentally wreck your car, how small the wreck may be, you’ll be happy you have car insurance. Auto insurance loans have benefited a good number of people in the world. This will depend, of course, on the type of insurance you have. Whenever there’s a reckless driver on the road, men would more often than not, assume that the … (more) October 29, 2010
Indispensable tips for finding the best auto insurance deals
by Richard Burton

Finding the best deals for automobile insurances is like choosing from a wide array of ice creams with all your favorite flavors available. Auto insurance companies are now advertising different plans and programs for all customer classes and walks of life. Almost all auto insurance companies say that they have the best deals and claim that they are currently the best there is at what they do and offer. But how do you spot the top from the not? It’s not really a matter of being the best but rather a matter of the best company to provide your personal … (more) October 28, 2010
Auto theft techniques revealed
by Richard Burton

What is making the upward trend of insurance claims? Do you think it is accident or is it auto theft? Auto theft is the answer. According to NICB (National Insurance Crime Bureau) as of writing time, it has been out that in 2008, owner give-ups skyrocketed in five major cities: Chicago, Houston, Phoenix, Las Vegas and Los Angeles and the number is still increasing. What is an auto give-ups situation? This may surprise you when it says that the owner himself is the one who makes the situation seem to have been done by a theft. The truth of the … (more) October 27, 2010
Insurance fraud on the rise
by Richard Burton

While there have been some major improvements since the start of the recession two years ago, many people are still struggling to make ends meet. Many have lost their jobs, while others have been forced to take two jobs and take money from their retirement fund causing many people to be stressed out. A survey made by Hartford Financial Services Group, Inc reports that about three-fourths of Americans still worry about their employment showing signs of struggling. As the recession continues to make everyone’s lives difficult, the auto insurance industry is reporting increased numbers of auto insurance fraud cases. More … (more) October 26, 2010
Auto insurance companies still feeling the effects of recession
by Richard Burton

Two years have passed since the last recession and people are still feeling its effects until now. While there has been great progress on how everyday Americans have been handling the situation, the recession has caused a lot of heartache and stress. People have been forced to take money from their retirement funds and readjust their budgets in order to make ends meet. In addition, most people have increased the amount of work they do, either taking a second job or working for longer hours. The recent recession has everyone’s view on the way they view and use their money. … (more) October 25, 2010