Auto Insurance News Archive for January, 2011

Is it enough to have just a liability car insurance cover
by Richard Burton

Many consumers these days are switching over to the liability insurance cover instead of the comprehensive cover and this is largely due the rough patches that consumers are going through post recession. Liability insurance cover will offer protection if you are involved in an accident with another car or another vehicle. This insurance will pay for the damages that are caused to the other vehicle that is involved in the crash as well as the injuries that are sustained by the individuals in the other vehicle. People have chosen this form of insurance to save some money and they are … (more) January 14, 2011
Do we have or don’t we not have insurance is what they are asking?
by Richard Burton

Sometimes insurance deals look really good and at times drivers end up in real messy situations and in fact this has turned out to be quite bothersome for most people. Some drivers in the area were in for a nasty surprise when they went to pay up their auto insurance premiums. One lady even expressed that this could literally cost her, her freedom. People who do business with Direct Auto Insurance don’t seem to have a lot of answers but a lot of questions and no explanation. They found, to their utter surprise that the insurance company itself was closed … (more) January 13, 2011
Auto insurance companies request elderly drivers to stay off the roads
by Richard Burton

Elderly drivers are considered a high-risk group and auto insurance companies are requesting them to hang up the keys and are asking families to take note of the driving abilities of their elderly drivers at home. Elderly drivers are responsible for at least 14% of all the crashes and 22% of fatalities caused due to crashes. The numbers have been steadily increasing in comparison with previous years. Although elderly drivers are high-risk groups they are not considered intentionally unsafe, but like the teens they too have a set of issues that are quite unique and that needs to be evaluated … (more) January 12, 2011
Arrests made in California for operating insurance fraud ring
by Richard Burton

In California 20 individuals were arrested for involvement in an auto insurance fraud in the Greater Los Angeles area as per reports by the California Department of Insurance. There are three more arrest warrants pending in connection with the same fraud. These arrests have been made after culmination of the investigation after a two-year period by the CDI Fraud Division. The losses incurred could run to a tune of $1 million. According to the CDI the suspects would be charged with fraud and conspiracy as well as various acts of felony. On September 4, 2009, the detectives in the Fraud … (more) January 11, 2011
A loon into the ideal auto insurance that one should carry
by Richard Burton

There are a whole range of factors that have to be considered in order to arrive at what is the right amount of auto insurance that one must carry. While some of these factors such as deductibles are entirely individual there are some factors that depend on the state you live in and whether you have purchased the vehicle outright or whether it is on lease or financing, and whether the vehicle has been customized etc. To get a better understanding one has to break up the auto insurance into 6 elements: Property damage liability – this is very similar … (more) January 10, 2011
The general insurance policy for the new driver
by Richard Burton

One of the things that a new driver who wishes to drive in a America needs to know is that auto insurance is needed. Understanding general insurance information is a prerequisite before one can get insurance and then legally drive one’s car on the road. Auto insurance is just as important in the current scenario as it is to have life insurance, health insurance, and home insurance, if consumers own a home. In fact, the importance is shown by the fact that only auto insurance is mandatory, up to a certain extent for consumers, while other forms of insurance depend … (more) January 9, 2011
Necessary information for auto insurance outlined
by Richard Burton

The online site OnlineAutoInsurance.com has published a list of frequently asked questions, and information, which seems to address the doubts that customers have when seeking insurance online. This site offers the assistance to help customers draw a line on how much information can be offered online, and what shouldn’t be revealed. Identity theft has been a problem for a long time, but with the increase in the number of ways the internet is being used, identity theft has picked up a lot of steam. A lot of drivers looking for cheap auto insurance policies are often searching for the right … (more) January 8, 2011
Device to track speed of the vehicle, braking behaviours and mileage
by Richard Burton

A high-tech gadget that can track your driving can bring you a lot of discounts on your car insurance policy. Snapshot discount program has been unveiled by Progressive Insurance in Michigan. This program comprises of installation of a monitoring device on your vehicle to record how fast, how much you drive, and your general driving patterns. Drivers can avail up to 30% discount depending on how some of these factors shape up. A lot of customers have already accepted this scheme, and seemed to have saved quite a bit. The device looks like a small garage door opener, which connects … (more) January 7, 2011
Auto insurance claims go up due to harsh weather
by Richard Burton

Poor driving conditions caused by bad weather have resulted in as many as 7000 fatal accidents along with 800,000 injuries, and in excess of 1.5 million vehicles crash year after year in this country. According to insurance agents, the number of auto insurance claims spikes steeply in the cold weather season compared to the other seasons of the year. The increase in the number of claims during winter is definitely because of the road condition that exists in cold weather months. This could be because a lot of people are accustomed to driving in the summer. Although it is difficult … (more) January 6, 2011
An overview of general car insurance
by Richard Burton

Every person who owns a vehicle is mandated by law to have the minimum required insurance coverage that varies from state to state. There are some basic pieces of information though, that you need to know when you are out shopping for auto insurance. A cheap auto insurance policy doesn’t necessarily mean that the policy is not as effective as you want it to be. Some of the more inexpensive policies could offer a lot more coverage than the more expensive policies. For example, the comprehensive coverage is inexpensive compared to the collision coverage, although it offers great value for … (more) January 5, 2011
Advantages for consumers who compare auto insurance rates
by Richard Burton

A lot of auto insurance companies are looking forward to diversifying their coverage options that they are offering to customers. This includes extending programs like pay as you drive and other unconventional payment systems, which give them a chance to offer cheaper insurance policies to auto insurance customers. Drivers though, are left with some confusion over whether their current insurance will cover damages, which could be incurred during accidents in the winter. What makes the matter even more confounding is that states differ in the extent to which they make auto insurance policies mandatory. As a result, while Florida drivers … (more) January 4, 2011
Deer-collision insurance increases during breeding season
by Richard Burton

Purchases for auto-deer collision insurances increased this month according to several auto insurance providers. The sales for auto-deer insurances, which are costly for several car owners and drivers, are usually increasing during the mating season. The mating season starts in October and ends in December with its peak month on November. According to Higginbotham, an animal expert at Texas A & M University, the male deer (the buck) chases the female deer (the doe). The chase can take the couple anywhere, at times, even in the road. Unsuspecting drivers often collide with a deer, or they can get into an … (more) January 3, 2011
No fees added to progressive’s snapshot discount program device
by Richard Burton

In a recent press conference, Richard Hutchinson, Progressive’s General Manager of Usage-Based Insurance said that no particular fee or any other increase should be expected to come with the Snapshot program device. The device is issued upon the request of insured car drivers. Data transmitted from the plug-in device to the Progressive Company can be used for possible discounts under the program. The device is plugged in a car’s on-board diagnostic port (OBD). It determines the time when a driver is using his or her car, how far they drive, as well as the speed they register. Car insurance advisors … (more) January 2, 2011
Milemeter offers pay-by-mile auto insurance
by Richard Burton

MileMeter’s Chris Gray reports that the company is expecting to create a huge change in the auto insurance industry. The company is now ready to launch the pay-by-mile auto insurance system which does not use any tracking device. Most auto insurance companies use a device that is usually plugged into a car’s on-board diagnostic port (OBD). Such device is then used to determine a driver’s eligibility for insurance discount. Gray reiterated that with the MileMeter, there is no need for such a device to be used to determine the driver’s eligibility for a discount. MileMeter in Texas is a company … (more) January 1, 2011