Auto Insurance News Archive for February, 2011

• Pothole damage not covered by most auto insurance policies

  by Richard Burton
  

  Weather conditions during the harsh winter season make traveling by car a nightmare for drivers. However, this is not all that the drivers have to brace themselves for. There is another hazard in the waiting for drivers who traverse through areas that have witnessed heavy snowfalls. With the weather beginning to thaw and the ice and snow beginning to melt slowly, the roads are laden with potholes that can cause damage to the car. What comes as a surprise of many drivers is the fact that car damage caused due to these potholes is not covered by many auto insurance … (more) February 11, 2011

• Predominant auto insurance trends in the current year

  by Richard Burton
  

  2010 was considered to be a defining year as far as the insurance industry in US was concerned. There were many ripples created and lot of arguments too. People also learnt about the need to get proper insurance coverage in order to not run into massive debts in unfortunate situations. In the last quarter of 2010, some massive changes had started to roll in the auto insurance industry. With the market getting increasingly competitive prices have remained stable or in some cases actually declined. There have been some predictions for the year 2011, on what the trends are going to … (more) February 10, 2011

• Drivers can now pay by mile to reduce insurance costs

  by Richard Burton
  

  Auto insurance like fuel or electricity could be paid depending on how much the driver drives. A growing pattern emerging in the auto insurance world is the reduction in premiums for those people who drive a lot less than normal. This usage based auto insurance is becoming quite popular as it lowers the premiums to a significant extent. If an individual qualifies for this kind of usage based insurance, the premium could come down by as much as 10 – 15%. This takes into consideration, the amount of driving actually done by the individual looking for auto insurance. This is … (more) February 9, 2011

• Cameras inside cars placed by insurers to improve driving

  by Richard Burton
  

  It is a leap of faith from many parents when they hand over their car keys to their teenage son. This is especially because the chances of the car being crashed are 4 times more in case of teens compared to adults. There are in excess of 3000 fatalities every year which makes car crashes one of the biggest causes for the death of teens between the ages of 15 – 19. However, one insurance company has discovered that cameras mounted inside the vehicle could reduce risky behaviour during driving by a substantial 70%, saving a few lives in the … (more) February 8, 2011

• Auto insurance prices discussed by lawmakers

  by Richard Burton
  

  Auto insurance rates might go down for the Wisconsin drivers. Republican lawmakers are debating the need to roll back the rules that mandate auto insurance coverage for certain levels. The state needs drivers to carry insurance coverage of at least 50,000 dollars for death or injury to one person, 100,00 dollar worth coverage per accident and 15,000 dollar coverage for damage to property. This rule came into effect since June of last year. Prior to this, Wisconsin was one of the two states in the country where auto insurance wasn’t mandatory for the drivers. A joint committee of lawmakers recently … (more) February 7, 2011

• Ailing economy brings auto insurance rates down

  by Richard Burton
  

  The bad shape of the economy has seemingly given one benefit to the customers. Careful driving habits combined with intense competition amongst individual insurance companies has helped in bringing the insurance rates down or at least keep it steady according to officials in the industry. The insurance premiums for 20 of the 25 top insurance providers in the state have either decreased or stayed stable. Also, none of the top 10 insurance providers have increased their auto insurance rates. These numbers largely reflect the average change in the insurance rates by each company based on the changes made to each … (more) February 6, 2011

• Questions about car insurance companies that need answers

  by Richard Burton
  

  There are a lot of auto insurance companies offering policies covering various scenarios. Auto insurance is absolutely mandatory to ensure you don’t run into massive costs after an accident or collision. However, choosing the right policy amongst so many different companies could be a nightmare. The usual question that one gets is what exactly a direct auto insurance company is. That is a company that services and sells insurance products directly to the policy holder without dealing with sales agents or middlemen. Therefore the customers directly deal with customer service representatives. The prices in this case are lower because there … (more) February 5, 2011

• Insider tips about car insurance you should be aware of

  by Richard Burton
  

  According to predictions in the industry, the insurance rates in the auto industry will increase further for a lot of policy holders. In such a scenario it is important to try and save as much as possible on policies. Comparing policies online and shopping around for policies is always advisable but at the same getting discounts for being a safe driver is quite handy. There are a few more strategies that you should follow when it comes to getting good rates for your auto insurance policy. An interesting tip is to try and get multiple discounts on policies which could … (more) February 4, 2011

• States offering the costliest auto insurance policies

  by Richard Burton
  

  It is not just age, gender or driving track record that will affect auto insurance rates. In fact the states where you live in also have a massive impact on whether your auto insurance is expensive or cheap. The premiums could go over the roof due to traffic laws, condition of roads in the state and even the laws for medical coverage. According to a recent survey, Louisiana turned out to be the state with the most expensive insurance rates for cards where the average premium is as high as 2510 dollars. This high premium is partly because of the … (more) February 3, 2011

• Save on your auto insurance premiums in simple ways

  by Richard Burton
  

  It is a good idea to compare various auto insurance rates, as the prices are on the rise in 2011. One needs to shop around and find out what is available in the market, purely because finding the best card insurance is more than just finding the lowest rates. There are various other factors when you are considering an inexpensive option. The first thing to look at is direct insurance and insurance agencies. The former sells vehicle insurance policies, where customers deal directly with the insurance company and not instead, through an insurance agent. Several different types of policies including … (more) February 2, 2011

• Moving could be fun with state farm

  by Richard Burton
  

  State Farm one of the leading insurance companies has made moving a lot of fun. The first iPad application has been launched by the insurance company called MoveTools which is a free tool that helps people in planning and functions as a household assistant of inventories. Now, with one click of the finger, it is possible to build an entire to-do list and manage inventories and other stuff. In fact, customers can drag and drop items like blender and lamp into a box and print out labels for all the boxes, so that on the moving day you can find … (more) February 1, 2011