Auto Insurance News Archive for 2010

• Auto Insurance vs Credit Scores

  by Richard Burton
  

  This is a common topic talked about by many credit card holders with auto insurance. The question, “does my credit score affect my auto insurance,” seemed to be popularly heard around. And some will answer the affirmative. But then other people could not see any relation between driving and the debts owed. Some people support this view as there isn’t any actual reason or explanation that will put these two things together logically. Insurance companies have found out that the FICO scores, credit card scores developed by Fair Isaac Corporation (FICO), are basically reliable sources for their customers’ ability-to-pay status. … (more) October 6, 2010

• Auto Insurance Fraud Revealed

  by Richard Burton
  

  Motor vehicle theft has a high impact on insurance claims trends. In its 2008 report, NCIB states that owner give-ups skyrocketed in five major cities, including Houston, Las Vegas, Phoenix, Los Angeles and Chicago. Furthermore, it was reported that the number of these cases is still increasing. New York State’s Fraud Bureau, which is similar to Florida and Wisconsin, reported a one-third growth on the number in  fraud cases were committed in 2008. National Insurance Crime Bureau (NICB) states that thieves no longer smash windows and break cars to steal. There are now new ways of stealing cars which are … (more) October 5, 2010

• Auto Insurance and Car Costs Made Cheaper

  by Richard Burton
  

  Auto insurance remains as burden to thousands of American drivers and car owners. Some claim that they are paying for their cars too much and can’t handle further cash outs. Not only do they have to keep up with the premium payments, they also have to set aside certain amounts of their cash for gasoline, repairs and penalty fees. Others don’t avail of the insurance, despite the laws requiring them to have one, because they are confident about their ability as professional safe drivers. Auto insurance holders complain more than the prices. They complain that there are certain terms that … (more) October 4, 2010

• Debate Remains – Who Would Pay the Auto Insurance

  by Richard Burton
  

  Insurance premiums for teenagers are more expensive than premiums adults pay. The main reason is that teenagers have a higher risk of getting into injuries and accidents. Now using economy rules, the higher the risk, the higher the cost. In Helium.com, the responsibility of paying the premiums is laid on two groups of people: teens and parents. The debate remains and created several points used as defenses by the two group advocates. “Parents” Advocates: Teenagers are parents’ responsibility until the children becomes of legal age and leaves home. Auto insurance is included in the costs parents must incur while raising … (more) October 3, 2010

• Realistic Tips to Avail Discounts in Auto Insurance

  by Jeanny Hopper
  

  Automobile insurance is a highly competitive industry and there are very good chances that one may find lucrative deals and discounts.  Almost all the insurance companies promise a good deal for their customers and claim to be the best in the market.  The first step is the confidence building measures to reach a comfortable spot and earn a good reputation with their customers.  Once they are established they can afford to dish out a variety of options for their customers and make good and sustainable insurance packages and offers excellent deals for their customers.  Good advertising and publicity in the … (more) October 2, 2010

• Insurance Plans for Young Adults

  by Jeanny Hopper
  

  While being a parent is one thing, being a parent of a young adult is another.  Add to it the cost of their ever increasing costs and demands.  It can be quite demanding to be a parent of a young adult.  Cost of raising kids, expenses on food, clothing, education, etc and added to that the extra costs such as driving lessons, obtaining a drivers license, maintenance of a two-wheeler or four-wheeler. Any vehicle, especially a four wheeler needs to be covered adequately by insurance.  Here are a few tips to get affordable and budget-friendly insurance plans for young adults: … (more) October 1, 2010

• Car Accidents Remain As Teen’s No. 1 Killer

  by Jeanny Hopper
  

  Teenagers who received their driver’s permit or license would probably get a feeling of independence. A feeling of being young and free pumping within their veins. The same feeling that cost thousands of lives of the teenage demography in the United States. The Unpleasant Numbers: National Highway Traffic Safety Administrated reported that persons in the age range of 16 – 20 years had the highest fatality and injury rates per 100,000 populations. Studies further state that driver inattention is the leading factor in most crashes and near-crashes. The most common distraction for drivers is the use of cellular phones. The … (more) September 30, 2010

• New Jersey Drivers have been cautioned to drive carefully as schools reopen

  by Jeanny Hopper
  

  All motor drivers of the state of New Jersey have the responsibility of keeping more than one million school children safe as schools reopen and they resume their classes this month. School children can remain safe if drivers are more attentive and drive carefully. It also benefits the driver as they do not have to shell out fines and can keep their auto insurance rates low. The website of the New Jersey department of Education stated that the present number of students who have enrolled in charter, elementary and secondary schools  last year all across the state were about one … (more) September 29, 2010

• Low cost auto insurance now made available on the internet

  by Jeanny Hopper
  

  Several credit holders of sub-prime categories are under the impression that they can’t possibly get low cost auto insurance, online, since they do not have good credit reputation. But the scenario is not that bleak. At present it is not that tough to find a cheap auto insurance coverage. One basically has to have ideas of finding the right kind of insurance for one’s car. One doesn’t need to carry on with the existing car insurance company which is charging an exorbitant amount of premium for the car insurances since the person has bad credit reputation even if the person … (more) September 28, 2010

• Information Week 500 magazine names Progressive car insurance for eleven years in a row

  by Jeanny Hopper
  

  Progressive car insurance has been named as the nation’s most innovative users of technology in business in the annual list of InformationWeek magazine. The car insurance firm topped the list of the Information Week 500 as it developed a way to Progressive won the spot on the InformationWeek 500 for developing a way to amalgamate its system with systems of other firms for offering its consumers products which are different from vehicle insurance like homeowners insurance. As a result of this other companies get a chance to offer products of Progressive insurance to their clients According to Ray Voelker, … (more) September 27, 2010

• UK drivers driving in the US can save

  by Jeanny Hopper
  

  The United States is a great country to visit. They have great food, great views, great people and, if visitors choose it, they could add great deals to the list. This is particularly referring to UK drivers who hire cars in the US whenever they come and visit. In terms of insurance, the US is a great country to visit but can be very costly. Whenever UK or any other nationalities visit the US and they want to drive themselves around, they will be required to purchase an auto insurance policy that covers their driving experience in the country. This … (more) September 26, 2010

• Auto Insurance Law puts stress on importance of higher levels of Coverage

  by Jeanny Hopper
  

  The new Legislation that has been introduced to the Pennsylvania State Legislature has asked auto insurance consumers to pay attention to the requirement of insurance coverage that is more than the required level demanded by the state.   In the beginning of this September the law was introduced and it asked to double the states minimum requirement of liability coverage.  It pointed out that a policy may be at par with the requirement demanded by the state but that does not ensure that the policy could take carte of all the expenses that might arise in an event of an accident.  … (more) September 25, 2010

• Auto Insurance consumers of Kentucky should pay heed to their PIP coverage

  by Jeanny Hopper
  

  It goes without saying that every state needs every driver to have an auto insurance policy and the state of Kentucky can’t be ruled out from this need. Residents of Kentucky should well be aware of certain facts regarding the state implemented mandatory level of coverage and the intricacies of that coverage before going out to purchase auto insurance. Like motorists of other states, a Kentuckian seeking a Kentucky car insurance policy will need to buy coverage for liability regarding bodily injury as well as coverage for property damage liability. These types of insurance policies do not cover damages that … (more) September 24, 2010

• Speedometers In UK Affect Motorist: Does It Affect The US As Well

  by Jeanny Hopper
  

  There is now a study that speed cameras actually increase the chances of a person having an accident than preventing it. Before, the link between speed cameras and accidents were just ideas without concrete evidence. However, a recent research done by LV= found that there is indeed a link between the two. However, the study has been conducted in the UK using UK respondents. Perhaps presenting this data in the US may help the verification of this data. The study gave weight to the finding that 28,000 accidents were caused by these speed cameras since 2001. The reason for this … (more) September 23, 2010

• Questionable Claims in Insurance rising

  by Jeanny Hopper
  

  More and more people are claiming to have suffered damages caused by one or more of their policies coverage. The NICB or the National Insurance Crime Bureau has found that there are increased instances in which policy holders are damaging their own property in order to make insurers repair or change them. However, instances in which these questionable claims are said to have been done are under careful investigation in order to determine whether or not these claims are true. Policyholders who plan to intentionally damage their property and claim insurance must be prepared to face the consequences of their … (more) September 22, 2010

• New Semester Shows New Dangers to College Students

  by Jeanny Hopper
  

  Students going off to college might find it necessary to consider looking for insurance policies before the semester begins. This is particularly important if these teens are given a car to use by their parents. It does not matter whether these cars that they will be using is either family owned or given to them, the important thing here is that they are insured from possible damages that might present themselves with the teen behind the wheel especially in an area in which they would have little supervision from their parents or guardians. It is understandable that parents become confident … (more) September 21, 2010

• Opportunity to Improve Financial Industry Seen

  by Jeanny Hopper
  

  The financial resources industry seems recognize their need to offer their customers a more culturally diverse staff and provide the minorities management roles. According to Larry Barton, the financial industry has the ability to embrace the changing American system only which also means that the way they recruit and retain talent within companies must change. Currently, individuals in the management circle of financial assistance agencies are dominated by white males. This is one of the systems that have stuck despite the flow of time. The “white-male” still primarily holds dominion over the management of industries. However, times continue to change … (more) September 20, 2010