Most Recent Auto Insurance News in Headlines

• 10% U.S. market share for Honda after Q1 profit rise

  by Richard Burton
  

  TOKYO- Honda just announced that the operating profit doubled after the company recovered from last year’s natural disaster. The year ahead is predicted to have a nearly tripling operating profit. The Asian sales are now surging, while the company registered a boost of its sales on the American market too. The company released a report that was offering details regarding the operating profit. The January-March number is of $1.4 billion (118.98 billion yen), a raise from the last year’s 46.21 billion yen. The net profit, which also includes the sales on the Chinese market, is of 60.7%, another rise from … (more) May 1, 2012

• American bonds issuance of Auto-loans can see its pre crisis level, in 2012

  by Richard Burton
  

  The volumes of Auto ABS issuance can reach its pre crisis levels on this year. This has been projected by two of The US Banks which had revised their forecast and projected higher figures this week. The total volumes of ABS can set a record seen after 2008.

• A slight U.S economy growth leading to a financial moderation

  by Richard Burton
  

  U.S. economic growth has slowed down in the first quarter. One of the reasons is the slowing down of the completion of inventories by small, medium and big companies. The economic growth modestly cooled despite a growth in homebuilding and the demand of automobiles. A 2.5 percent expansion is expected for the gross domestic product, which would moderate the fourth quarter’s pace of 3%.

• The first quarter profit of 3M has surpassed all the estimates of analysts for US

  by Richard Burton
  

  The manufacturer of fuel system tune-up gears and Post-it notes made a profit in their first quarter which had surpassed all the estimates of the analysts. This happened due to a hike of demand both in industries and automobiles.

• Governor Rick Scott’s dream for PIP reforms on the verge of reality

  by Richard Burton
  

  When Governor Rick Scott took oath as the 45th Governor of the state of Florida he declared war against the rising auto insurance costs and made bringing about reforms as one of his top three priorities for the residents of this states. Considering the other issues such as economical, social and even educational, many people were surprised that these reforms were given a high priority. However, it seems that it was worth taking this risk since the reforms may be put into effect in the near future.

• Progressive’s Pay-as-you-drive program reduces insurance premiums for good drivers

  by Richard Burton
  

  There is good news on the block for those consumers who have cars, but use them sparingly. The pay-as-you-drive program from Progressive, one of the leading auto insurance providers in the country, has been designed to offer competitive auto insurance premiums for good drivers and those who do not use their cars often.

• Auto insurance reforms in North Caroline Postponed to 2013

  by Richard Burton
  

  It has been decided by the lawmakers in the state of North Carolina that all efforts to reform the existing rules pertaining to auto insurance in the state will be put off till the next year. The short session of the legislature and the complexity of auto insurance are the two reasons that are being stated by the lawmakers for the postponement.

• 2012 NY Auto Show – Hybrid concept of 2013 RLX

  by Richard Burton
  

  RL will ultimately get a substitute, but not as of now. This is the moment, at the NY auto show, the Acura brought the RLX concept alongside, previewing the actual thing and how it will be like. Apart from the things we gather, idea is ninety nine percent accurate to carry in to production is its current shape.

• Nissan wishes to encourage more US car purchasers

  by Richard Burton
  

  Talk about Nissan to many car drivers as to what they think of and they think nothing else but Altima. The Sedan is considered as America’s second best selling car as well as Nissan’s top-seller so far. While the latest version put off on sale in the month of July, it definitely is a big hit. Other models of Nissan like boxy Cube and Sentra small cars are struggling in order to win purchasers, even as car sales surge. They are inefficient, plain odd and just old. Moreover, their designs are conflicting that keeps the customers from gluing with the big brand while they move-up or down an auto size. That is making it tough for brand Nissan to hold on to the clients or encourage new customers in America.

• Sales of new vehicles has increased in March this year as compared to 2011

  by Richard Burton
  

  The sales of the new vehicles manufactured by the automobile companies are reported to increase by 6 % to 14 % by the month of March. This rise would be attributed to the fact that the demand from a potentially strong retail market is on a high these days.

• Plug-in electrified cars failing to generate consumer demands

  by Richard Burton
  

  With the heavy increases in prices of gasoline the electric cars are coming to the forefront which is subjected to increasing popularity in the mere future. The automobile companies are doing their best to bring out new electrified car models & launching them in the upcoming months.

• No correlation between where you park your vehicle and insurance premiums

  by Richard Burton
  

  Parking your car in a garage is certainly a safer option than parking it on the road, because the vehicle would be better protected against acts of vandalism, theft, and other elements. Despite this well-known fact, there is no real correlation between where you park your vehicle and the auto insurance rates. Insurance companies may ask that question only if you own a classic vehicle, but not otherwise. Insurance firms like Amica still ask their clients this question. However, Shannon Rodgers, who is the assistant VP of sales & client services, states that just popping that question is like going … (more) March 9, 2012

• Enterprise discusses auto recall policy with United State regulators

  by Richard Burton
  

  You can actually rent a car now, which is under safety recall as well as not know it, Kansas City, Mo. Cally Houck’s two daughters found dead when car burned up-on them, is likely to change that. In her cross hairs are the enterprise holdings, industry giants, situated in the St. Louis place.

• United States auto industry post security was important: Analysts

  by Richard Burton
  

  WASHINGTON (AFP) – The US, (United States) auto industry could’ve gone tight if Washington hadn’t rescued Chrysler and GM (General Motors) in 2009, says analysts, as Republican White House expectants constantly calling the bailout an additional indication of ‘big government’ occupying business.

• Governor Rick Scott comes out strongly in support of bill with the emergency room mandate

  by Richard Burton
  

  According to the new bill, all auto-related accident victims will now be forced to go the emergency rooms, instead of availing treatment from their family doctors. This would be the case even if there are minor injuries. This bill had been cleared on Wednesday by the Florida House subcommittee. The Florida House Banking and Insurance Subcommittee had approved the bill HB 119. The bill aims at cutting down fraud, which is rampant in PIP coverage in the state. Gov. Rick Scott offered his full support and also stated that he had no issues with the emergency room mandate in the … (more) February 18, 2012

• ZIP codes can cause a steep rise in your auto insurance rates

  by Richard Burton
  

  Most people don’t realize that just residing in a particular ZIP code can cause a steep rise in auto insurance rates. Even if you have moved from a particular ZIP code to another within the same city, you may see a rise in your auto insurance rates. This can happen despite having the same driving record, vehicle, and claims history. As per a study, around half a dozen ZIP codes were found to have different auto insurance rates in Tampa, Florida. There was a difference of over $400 per year for a 40-year-old male, living in a posh suburban neighborhood, … (more) February 8, 2012

• Google’s lab of dreams- GoogleX

  by Richard Burton
  

  According to the latest auto news, Google has been in the limelight with their dream of driverless cars. This is just one example of the hundreds of dreams by Google. These ideas are chased by Google in their Google Lab known as GoogleX. Various interviews made clear that everybody has just a glimpse of the idea or the location of the lab. They are unable to justify the project details and neither the exact location of the secret laboratory by Google. People who briefed about the project to Auto news said that one of the projects will be in release … (more) December 29, 2011