Auto Insurance News Archive for April, 2011

• The same old auto insurance companies continue to rule the roost

  by Richard Burton
  

  Consumer mindsets have not changed here in Massachusetts especially in the auto insurance sector. Consumers seem to prefer the old players in the auto insurance industry despite the sweeping changes that were brought about by the state’s insurance commissioner in April 2008. The main aim was to relax the rules and regulations in the market in order to make Massachusetts like the rest of the states. The major players like Geico and Progressive were to set up shop with their mascots and come up with much more attractive offers for the consumers. Although the companies did turn up along with … (more) April 13, 2011

• Pay-as-you-drive plans prove to be beneficial for low-mileage drivers

  by Richard Burton
  

  For some of the drivers like Nancy Bell the pay-as-you-drive plans seem to be working well ever since she has retired from her services. A resident of Oakland, California, Nancy Bell has opted for this new auto insurance policy which rewards the low-mileage drivers. When you sign up for the pay-as-you-drive plan that is offered by State Farm in place of an estimated miles policy, there will a considerable fall in the premiums you pay. So, the lesser you drive below 19,000 miles per year, the more you save. Bell aged 63 states that this was a good way to … (more) April 12, 2011

• Mileage verification methods help cut down premiums for low-mileage drivers

  by Richard Burton
  

  Motorists in California have always been able to avail discounts based on their estimated mileage and for driving less number of miles compared to their estimated mileage. But most people have realized that they can avail further discounts from their insurers irrespective of whether their insurers have the pay-as-you-drive offers. These discounts could be availed through the mileage verification method. There are two ways of going about it – either by self-reporting or by fitting an automatic device. This is entirely up to the motorist. The motorists can also avail discounts if they sign up for the pay-as-you-drive plan. When … (more) April 11, 2011

• Teenage driving takes a hit due to the new rules

  by Richard Burton
  

  Although teenagers are eagerly waiting to get behind the wheel, as per the new rules their wait could go on for a bit longer. The new rules that are in force are the reason for parents to postpone getting a driver’s license for their teenaged kids. Parent are taking some tough financial measures because every average household in the United States is presently paying around $3,100 each year in order to allow youngster to drive, and $800 is paid on an average towards auto insurance – as per the poll conducted by Nationwide Mutual Insurance Company. Parents do realize that … (more) April 10, 2011

• Governor’s signature awaited for the ‘no pay, no play’ auto insurance bill

  by Richard Burton
  

  The Senators and Representative in Montana have just managed to get the legislation passed where the ‘no pay, no play’ provision would be added on to the existing auto insurance laws in the state. There are variations of the ‘no pay, no play’ laws that are already existing in a few states. These are in existence so the motorists who disobey the compulsory auto insurance coverage that is prescribed by the state, cannot sue for any of the non-economic damages that are caused as a result of the accidents. These uninsured drivers can no longer get away if they are … (more) April 9, 2011

• Floridians are under continuous threat due to the PIP fraud

  by Richard Burton
  

  Floridians are under threat on a daily basis as they are being increasingly targeted by fraudsters who use them as a pawn and manage to collect millions each year. This is costing the average Floridian as much as $100 extra by way of auto insurance premiums every year. The PIP coverage is used as a tool by these fraudsters and efforts are under way to protect the residents of Florida and also to give the necessary tools to the law enforcement officers to stop these frauds before they occur. The Sunshine Coalition to Erase Fraud had come together with the … (more) April 8, 2011

• Reports suggests auto insurance policies at Michigan are the costliest

  by Richard Burton
  

  Two of the recent studies conducted in the field of auto insurance in the United States have revealed that residents of Michigan are the ones who pay the highest to avail auto insurance coverage. While both did rank auto insurance in this state to be the priciest, one of the reports awarded Michigan the first place. The main reason for the high insurance rates in this state can be attributed to the compulsory unlimited coverage to cover personal injury costs in case of accidents. Considering a hypothetical case, a man aged 40 years with a good driving record will have … (more) April 7, 2011

• Leading auto insurance providers in the country offering the best coverage

  by Richard Burton
  

  Every citizen in the United States, irrespective of whether they own a car or not, is aware of the importance of a good auto insurance policy. Not only does it allow consumers to drive on roads legally, it also ensures financial protection in case of mishaps. According to some of the most recent studies conducted in this field, residents in the state of Michigan pay the highest for their auto insurance policies, while the residents of Virginia enjoy some of the best auto insurance rates in the market today. Though there are a number of leading providers in this industry … (more) April 6, 2011

• Get better value for money with pay-as-you-go auto insurance

  by Richard Burton
  

  Right at the time when consumers are looking for ways in which they can get better auto insurance coverage at reduced costs, an increasing number of auto insurance companies are offering the “pay-as-you-go” policy. As the name says, consumers need to pay only for the insurance coverage used.   For a number of years, financial experts and customers have been lobbying for this type of auto insurance coverage. However, it is only now that the providers are taking an interest in their demands and trying to meet them. Progressive Insurance was the first provider to introduce this type of coverage … (more) April 5, 2011

• Rising auto accidents bring the importance of insurance to the forefront

  by Richard Burton
  

  The growing number of accidents has brought back the importance of auto insurance to the forefront. The recent accidents in Lorton haveleft one family reeling under shock after having lost the father and husband. There is bound to be a round of discussions in this regard as the driver or the car which caused the accident was not only an illegal immigrant but had also been convicted of drunk driving on many occasions. But the fact of the matter is that the unexpected always happens on a daily basis. No amount of financial assistance can ever compensate the loss of … (more) April 4, 2011

• Insurance reforms brought about using a two-pronged approach by lawmakers in Florida

  by Richard Burton
  

  Bringing about the insurance reform and tackling fraud seems to be the main concern for lawmakers in Florida, who are finally gearing up to bring about the necessary changes with a two-pronged approach. The Banking Subcommittee and the House Insurance together have approved a bill that will rein-in litigation and medical costs, while the other bill that has been unveiled will help crack down the fraud. According to the state laws motorists in Florida are required to carry $10,000 in PIP cover and the insurers are required to pay up 80% of the PIP claims, irrespective of who is at … (more) April 3, 2011

• Fewer accidents make wisconsin roads safe for deer

  by Richard Burton
  

  There seem to be fewer accidents involving deer on Wisconsin roads as the number of motorists on the road has reduced considerably as part of the cost cutting measures and to cut down on gas prices. Even motorists are cutting down on their speed and are no longer stepping up on the gas pedal as the wish to consume less fuel. All of this has resulted in fewer casualties and the deer seem to be much safer now. Most residents who have grown up in Wisconsin will have at a couple of incidents to narrate where they would have applied … (more) April 2, 2011

• Drivers in Michigan will have to pay more to cover medical costs

  by Richard Burton
  

  Now, drivers in Michigan will have to pay more in order to cover the medical costs due to the accident-related injuries in the state. Each vehicle will have to shell out an extra $145 starting July 1. This increase in fee ($1.91-per-vehicle increase) over the fees this year has been announced by the Michigan Catastrophic Claims Association (MCCA) on Friday. This fee is included in all auto insurance policies to pay for all the medical expenses that go over $500,000 for vehicle-related injuries that are more severe in nature like permanent paralysis or closed head injuries. Although the MCCA has … (more) April 1, 2011