Most Recent Auto Insurance News in Headlines

  • Drive less to get low cost insurance

    by Richard Burton
    Drive less to get low cost insurance

    Drivers who do not drive frequently and are willing to let the insurance companies verify this fact periodically, now have a reason to smile. Two insurance providers in the state of California are all ready to roll out the “pay as you drive” policy to the drivers in this state, starting February the following year. The State Farm Mutual Automobile and the Auto Club of Southern California have received the go-ahead from the California Department of Insurance to issue these low mileage plans that are lighten the pocket of many policy holders. Motorists, who would like register for this policy, … (more) December 11, 2010

  • Rear view cameras to be made compulsory for cars by 2014

    by Richard Burton
    Rear view cameras to be made compulsory for cars by 2014

    Auto manufactures will be required to install the rear-view cameras in all new vehicles in 2014.  The federal government has announced this plan on Friday and has received strong support from insurance companies as well as the other analysts and in all likelihood will be able to garner support from auto manufacturers as well. Transportation Secretary Ray LaHood was quoted as saying that there could not be anything more tragic for a parent or a caregiver to accidently injure or kill a child who is playing behind the motor vehicle.  These incidents occur while backing out a vehicle from the … (more) December 9, 2010

  • Pay-as-you drive auto insurance comes as a welcome break for motorists

    by Richard Burton
    Pay-as-you drive auto insurance comes as a welcome break for motorists

    Two auto insurance companies based in California have come up with the pay-as-you-drive insurance policies where the motorists who spend less time on road will be paying premiums that are significantly low when compared to the regular premiums.  This offer will begin in the month of February.  This new policy has been brought in as an incentive for drivers who don’t do a lot of driving.  There are other companies which are also planning to follow the same. The first to come up with this offer have been the State Farm Mutual as well as the Auto Club of Southern … (more) December 8, 2010

  • Survey shows satisfaction for auto claims slightly lower this year

    by Richard Burton
    Survey shows satisfaction for auto claims slightly lower this year

    The J.D. Power and its associates recently released the results of their 2010 study on claimants’ satisfaction with auto claims. This particular research revealed that claimants are less satisfied with auto insurers today than in 2009. According to the study there has been an overall decline of five spots to 837 from 2009 in a 1000-point scale.  Although there has been a bit of decline in consumers’ satisfaction with the service given by their auto insurance providers, 2010’s satisfaction rate is still 19 points better than that of 2008. According to the insurance practice senior director of J.D. Power, Jeremy … (more) December 4, 2010

  • Guidance from regulators to consumers on monthly auto insurance

    by Richard Burton
    Guidance from regulators to consumers on monthly auto insurance

    An overwhelming number of states in the country impose strict minimum levels of auto insurance required by vehicle owners. Some states like Florida have an alarmingly low level of minimum requirements set by the state as far as coverage from an auto insurance policy is concerned. There are serious penalties imposed on those drivers who don’t follow these norms for minimum auto insurance required. The penalty for driving without appropriate auto insurance is quite severe in states like Texas, where the fees imposed on those who violate the norms can be as high as 1000 dollars for the first offense. … (more) November 27, 2010

  • 10% more questionable claims registered by NICB

    by Richard Burton
    10% more questionable claims registered by NICB

    Filing claims is not like withdrawing cash from an automated teller machine, it takes a rigorous process of verification and authentication before the claim is granted. This way the insurers can be certain that the claims filed are legitimate hence will avoid fraud attempts. This year the National insurance Crime Bureau (NICB) reported a 10 percent increase in questionable medical claims from the 2009 data. According to the National Insurance Crime Bureau fraud related to medical claims is about a third of all claims that are considered questionable. The questionable medical claims are said to be coming from the states … (more) November 22, 2010

  • When Texting Can Kill – Car Accidents Due To Texting Shows Increasing Trends

    by Richard Burton
    When Texting Can Kill – Car Accidents Due To Texting Shows Increasing Trends

    One common behavior people are dwelling in while driving is using the mobile phone whether texting or talking to someone.  This is a risky behavior that is mostly displayed by young drivers. According to Allstate Insurance Company, in California people who are frequently using their mobile phones while driving or even walking increased the cases of pedestrian being hit by cars. The incidents of people being hit by cars in California was said to jump to 25 percent on Halloween as compared with the rest of October. This increase in the number of car-pedestrian collisions in the said place is … (more) November 18, 2010

  • Economic hardship for car insurance fades according to customer response

    by Richard Burton
    Economic hardship for car insurance fades according to customer response

    Car insurance is a necessity and is required by law. With the current economic hardship, it is difficult to manage additional expenses like these into the family budget. But, a study was conducted by a consultation group named Market Force Information that shows that car owners are able to cope with the expenses of having car insurance. They surveyed 2,800 people to get their responses about how well they are satisfied with their car insurance companies and how well they are able to keep up with their responsibilities as policyholders. From the 2,800 auto insurance policyholders, 59 percent of them … (more) November 16, 2010

  • Auto insurance companies perform well despite economic crisis

    by Richard Burton
    Auto insurance companies perform well despite economic crisis

    A survey was conducted by Market Force Information, a business consulting group, to know how well auto insurance companies performed for their customers. A total of 2,800 auto insurance policyholders were interviewed to get their feedback on how satisfied they were with their car insurance companies. According to the group’s data, one of the main things that measured customer satisfaction is how fast their auto insurance companies were able to process their claims. From the questions provided in the survey, respondents were asked how many of them already filed a claim. And among the 2,800 participants, 18% of them already … (more) November 15, 2010

  • New proposed laws for car repair received opposition for auto insurance companies

    by Richard Burton
    New proposed laws for car repair received opposition for auto insurance companies

    There have been new legislation proposals on car repair that auto insurance companies strongly oppose. Insurance Networking News said that there were two types of bills that they do not want to agree with. The first type was prohibiting car insurance companies in using DRP or direct repair program. According auto insurance companies who uses this type of repair measure, direct repair program is an agreement between a car insurance company and an automobile collision or crash repair shop in case of an accident. Whenever a car crash happens and the car insurance policyholder will approach his or her car … (more) November 11, 2010

  • Teen driver advocates fight for tougher laws and less expensive car insurance

    by Richard Burton
    Teen driver advocates fight for tougher laws and less expensive car insurance

     Last week, advocates for teen drivers all over the country met at the Capitol to fight for tougher laws that governs teen drivers and the licensing system. The group was petitioning for the STANDUP act or the Safe Teen and Novice Driver Uniform Protection act. This act aims to push for new tougher regulations ensuring the safety of teen drivers and set high standard on the implementation of state graduated licensing system.  The group emphasized that if laws for teen drivers are stricter, it could keep teens safe from dangerous roads and most importantly save more teen lives. This can … (more) November 10, 2010

  • Auto Insurance Investigators – Ban in Texting Does Not Lower Accident Rate

    by Richard Burton
    Auto Insurance Investigators – Ban in Texting Does Not Lower Accident Rate

    A study was conducted by the Highway Loss Data Institute or HLDI regarding the effects of banning texting while on the road driving to the rate of auto insurance car crash claims in four states namely Louisiana, Washington, Minnesota, and California. They have found out that in these four states, the number of accidents were not reduced as well as the number of claims being filed for car collisions. Even three of the states demonstrated an increase in car crash rates when the time the law of banning texting while driving was put into practice. The increase in rate ranged … (more) November 8, 2010

  • Car insurance fraud schemes exposed

    by Richard Burton
    Car insurance fraud schemes exposed

    According to the report made by the National Insurance Crime Bureau or NICB, there were five cities with the most number of owner give-ups, a car insurance fraud scheme delivered by the owner of the cars themselves. These cities are namely, Los Angeles, Houston, Chicago, Phoenix, and Las Vegas. And the rate of these crimes seems to increase as New York Fraud Bureau reports a 33% escalation on the number of car insurance fraud cases. NICB has listed common types of car insurance fraud schemes that are under the category of owner give-ups. The bureaus investigators said that owners of … (more) November 7, 2010

  • Keeping Costs Low for Young Adults’ Auto Insurance

    by Richard Burton
    Keeping Costs Low for Young Adults’ Auto Insurance

    Despite the high insurance costs parents of young adults are advised to take the auto insurance as it is a must because the statistics are quite startling.  Youngsters in their teens, especially 16-year-olds seem to be the first in the list of fatalities.  Motor accidents are the first major cause of death in youngsters.  For young adults who are 16 years of age it is a three-fold increase in fatal accidents and hence the high insurance costs.  But despite the high costs, parents are advised to get the insurance cover and there are tips for parents with regard to some … (more) November 5, 2010

  • Auto insurance companies still feeling the effects of recession

    by Richard Burton
    Auto insurance companies still feeling the effects of recession

    Two years have passed since the last recession and people are still feeling its effects until now. While there has been great progress on how everyday Americans have been handling the situation, the recession has caused a lot of heartache and stress. People have been forced to take money from their retirement funds and readjust their budgets in order to make ends meet. In addition, most people have increased the amount of work they do, either taking a second job or working for longer hours. The recent recession has everyone’s view on the way they view and use their money. … (more) October 25, 2010

  • Auto insurance coverage drops by 0.5%

    by Richard Burton
    Auto insurance coverage drops by 0.5%

    There are several guidelines on how to get your car quoted for insurance protection. Certain insurance fraud is still in the market we must be careful of. This has brought too much trouble and most people carry the grudge against insurers. Increased payments were done by most policyholders as a result. Regulations were strictly formed by programs conducted by high US state authorities and nonprofit research organizations. Once a car is bought, the buyer is required to get car insurance for his safety and of the other passengers.  Auto insurance information tells what consumers would be paying for. Better look … (more) October 20, 2010

  • Auto insurance premiums due to increase again due to failure of texting law

    by Richard Burton
    Auto insurance premiums due to increase again due to failure of texting law

    HLDI, Highway Loss Data Institute claims that the new implemented texting law or texting ban last September 28, 2010 does not reduce car accidents. However, the support has been intended through scientific data’s of insurance representing and defending citizen’s safety and economic stability. The Insurance Institute for Highway Safety together with HLDI dedicates its mission to reduce property damage, injuries and deaths. These duos strongly agree and recommend insurers to strengthen auto insurance policies. The results further depend on the ownership and operation on the types of vehicles and existing insurance loss by brand and model. There are about ninety … (more) October 14, 2010