Auto Insurance News Archive for 2012

  • New Jersey auto insurance rates moving north again

    by Richard Burton
    New Jersey auto insurance rates moving north again

    The premium for auto insurance coverage in New Jersey is moving north again, according to the data available with the National Association of Insurance Commissioners. The report states that the auto insurance policy holders are consistently paying higher premiums to ensure they stay covered.

  • System for insurance rates divides insurers in North Carolina

    by Richard Burton
    System for insurance rates divides insurers in North Carolina

    The auto insurance industry in North Carolina stands divided over the system for insurance rates. The divided industry in this state will try to work towards bringing about a change in the existing regulatory system the following year.

  • Improper Handling of Auto Insurance Claims has Cost the Hartford $158K after an Investigation From Vermont Department of Financial Regulation

    by Richard Burton
    Improper Handling of Auto Insurance Claims has Cost the Hartford $158K after an Investigation From Vermont Department of Financial Regulation

    The Vermont Department of Financial Registration released a report this Tuesday, stating that improper handling of auto insurance claims by The Hartford has called for a fine and restitution of about $158K, following an investigation by the regulating body. According to the report published by DFR, The Hartford has been found to be improperly evaluating and underpaying for 77 cases of total-loss auto insurance claims between the period of 2009 and 2011.

  • Paying car insurance by the mile

    by Richard Burton
    Paying car insurance by the mile

    The age of technology that we live in has brought about many changes in the way we lead lives, the most important being the premiums for auto insurance. MetroMile, a company based out of Oregon, has come up with a unique and affordable way of calculating the premiums for auto insurance policy.

  • Deer collisions impacting auto insurance policies

    by Richard Burton
    Deer collisions impacting auto insurance policies

    Sharks or bears were considered to be among the most dangerous animals in the world. However, in the world of auto insurance there can be nothing deadlier that the deer. Each year, there are thousands of claims received by auto insurance companies all over the country to cover damages caused due to deer collisions.

  • Auto insurance laws further enforced in Oklahoma

    by Richard Burton
    Auto insurance laws further enforced in Oklahoma

    Driving without insurance on the streets of Oklahoma is probably one of the worst mistakes that you can make. As an uninsured motorist, you not only risk your vehicle and driving license, but also bank account, job and many more.

  • Claims about cars damaged in floods untrue

    by Richard Burton
    Claims about cars damaged in floods untrue

    It has just been days since Superstorm Sandy tore through the east coast of the country and ever since, the internet has been flooded with claims stating that in the days to follow the used cars market will be flooded with thousands of cars that have been damaged during these floods and that this may impact buyers since they will not be told about the cars in advance.

  • Auto insurance claims satisfactory than before, reveals study

    by Richard Burton
    Auto insurance claims satisfactory than before, reveals study

    One of the recently conducted auto claims satisfaction studies by JD Power and Associates has revealed that customers are more satisfied with their auto insurance claims as compared to last year.

  • Drop in Automobile Expected as Americans Buy Fewer Cars in Their Lifetime

    by Richard Burton
    Drop in Automobile Expected as Americans Buy Fewer Cars in Their Lifetime

    Americans will be buying fewer new cars in the future, says new Polk study. According to the research, Americans will buy four less vehicles until they reach 76 years old – the time when most people are done buying new cars.

  • New Technology Helps Parents in Monitoring Teen Drivers

    by Richard Burton
    New Technology Helps Parents in Monitoring Teen Drivers

    Latest technological advances in mobile devices have provided parents with a wide range of GPS-based monitoring options of vehicle driving habits of their teens.

    For Example, Rich Pilat is an independent insurance agent operating in the Cleveland area. His daughter, Jennifer was only 16 but she was starting to drive the car on her own. Pilat wanted to install a monitoring device in her car that would inform him about her driving activity and allow him to keep track of her driving. He would also be able to know whether she had been speeding or had resorted to sudden breaking. Naturally, the young teenage girl was totally against such an idea, since she felt that it would intrude in her privacy. However, he was able to convince her that the GPS device is a product from the insurance company and it would lead to a sharp reduction in what she paid as her share in the monthly auto insurance premiums.

  • Two decades on, the battle over California’s auto insurance coverage law rages on

    by Richard Burton
    Two decades on, the battle over California’s auto insurance coverage law rages on

    The battle over the automobile insurance coverage in California between the advocate for consumers, Harvey Rosenfield and Mercury General Corp’s billionaire executive, George Joseph continues to rage on.

  • Massachusetts opens first Allstate Insurance office in two and a half decades

    by Richard Burton
    Massachusetts opens first Allstate Insurance office in two and a half decades

    After pulling out from the city two and half decades ago due to the stringent auto insurance laws in place during that decade, Allstate Insurance is now all set to open its doors to the drivers in this region all over again.

  • Survey reveals auto insurance cost set to increase

    by Richard Burton
    Survey reveals auto insurance cost set to increase

    Auto insurance policies are now all set to increase again. One of the recent surveys conducted has revealed that the premiums for the auto insurance policies are all set to increase for the third consecutive year, fueled by multiple factors.

  • Usage based car insurance on the rise

    by Richard Burton
    Usage based car insurance on the rise

    Auto insurance based on usage is proving to be beneficial to customers and insurance providers alike. This type of insurance policy allows the auto insurance provider to know more about the car usage of a particular person. On the other hand, the auto insurance policy holder stands to save a significant amount of money since he/she will have to pay only for the miles driven. By allowing auto insurance providers to install a small monitoring device in your vehicle, you stand to gain immensely.

  • U.S. Auto Sales Climb 20% in August 2012

    by Richard Burton
    U.S. Auto Sales Climb 20% in August 2012

    Industry data revealed on Thursday that the auto sales climbed sharply by 20% in August in the United States. This has been the highest performance in the past three years, with higher gas prices inducing vehicle owners to shift to more fuel efficient and smaller vehicles.

    This data could be of help to President Obama, who has been highlighting his rescue efforts of Chrysler and General Motors. Obama is fighting for a comeback in the November elections and there have been charges that he has not done enough for lifting the sagging economy of the country.

  • Research on Auto Insurance Reveals Volvo is Contributing to Safe

    by Richard Burton
    Research on Auto Insurance Reveals Volvo is Contributing to Safe

    Automaker Volvo brings cheer for vehicle owners and drivers who desire vehicles that would result in cheaper premiums for their auto insurance policies. Volvo claims that one of the new cars introduced by it reduces the chances of getting injured in accidents by 50%, compared to its own vehicles manufactured from 2000.

  • Honda Expects Higher Sales this Year on CR-V Cars

    by Richard Burton
    Honda Expects Higher Sales this Year on CR-V Cars

    Honda Motor Co. is currently expecting higher sales in their CR-V car models of up to 40% than sedan cars. According to them it was in 2007 when they had huge sales of CR-V car models. They are currently sustaining 27% higher in the company’s sales just in Los Angeles in 5 years. According to Honda, their car deliveries will now reach more than 1.46M this year when an interview was conducted with Honda’s Executive VP in California. Honda’s American plants are now working overtime to be able to provide their dealers with more Honda Civics and CR-Vs according to … (more) August 28, 2012