Most Recent Auto Insurance News in Headlines

Older Drivers Safety While Driving
by Jeanny Hopper

Older drivers are safer while driving on the road and are involved less in auto insurance than those younger than them, according to statistics. The reason behind this is not because of their age, this is because they have more experience. Experts point out the older drivers, usually the ones past the age of 50 years, are more conscious of their safety while on the road, and this consciousness of automobile safety increase as they get older because they are aware that they are not as good as they were before. Because of this, older drivers use their cars less, … (more) August 16, 2010
Elephant Auto Insurance Lends Help To Gulf Oil Spill Cleanup
by Jeanny Hopper

Elephant Auto Insurance is all set to lend a hand at the cleanup efforts in the Gulf oil spill case. While most people are voicing their concern on the adverse effects this will have on the environment, Elephant has realized that it could play a role in the cleanup efforts and hence contribute to the environment. It is knows that along with causing considerable damage to the environment, the oil spill is also bound to affect the wildlife along the Gulf Coast. This makes it all the more important to fix the problem at the earliest. Elephant Auto Insurance is … (more) August 13, 2010
IIHS: Older people drive safer, less likely to file auto insurance claims
by Jeanny Hopper

When your granny takes the driver seat, don’t be scared, instead feel safe and secured as research show older people drive safer. In a report by the Insurance Institute for Highway Safety (IIHS), it is revealed that only a small number of elderly driver files car insurance claims. In the United States, 78 percent of the 28 million population of citizens aged 70 and above had drivers’ licenses since 2008. There is a remarkable 37 percent decrease in the rate of deadly accidents among the seniors in such age range. Only half of the population of elders aged 80 and … (more) August 12, 2010
Online Auto Insurance Transactions on the Surge
by Jeanny Hopper

With the advent of technology, one can now even transact auto insurance through the internet. A 7 percent increase in online car insurance policies purchased through online transaction was noted in US in 2008, despite the apparent decrease in consumer demand brought about by the economic crisis. In a study released by comScore.com, a leading company in evaluating online transactions, businesses and similar web activities, it revealed that in 2008, there was a remarkable increase in online auto insurance market. Customers requested for 32 million online quotes and bought an enormous 2.4 million auto insurance policies only during the entire … (more) August 11, 2010
Men Are Getting Better Auto Insurances than Women- Research
by Jeanny Hopper

Now, even in the area of auto insurance, there is battle between sexes. Post Office Car Insurance (POCI) recently commissioned a research which aimed to study which between men and women are more into getting a comprehensive car insurance. The research revealed that men have the first hand with regards to having comprehensive auto insurance. With a percentage of 58%, men seem to possess such a policy more than women who gained only 44%. Post Office Car Insurance is at the front line in the promotion of rendering a comprehensive insurance policy as an effective way of protection against auto … (more) August 10, 2010
Blind Drivers will Soon Get Car Insurance
by Jeanny Hopper

While it is always important for drivers to keep their eyes on the road, we will never know about that when it comes to blind drivers. The National Federation of the Blind and Virginia Polytechnic Institute are currently on a project that involves no-see driver system for blind people. Eventually, with this kind of technology and innovation, it would be also be probable that even blind people are required to avail of an auto insurance. Virginia Tech students personally developed the system that would require the installation of laser rangefinders and audio commands to tell the driver to perform actions … (more) August 5, 2010
Distractions Make Teenage Auto Insurance Premiums Rise
by Jeanny Hopper

Young drivers, particularly teenagers, are still the listed high risk group reported to have the most number of auto insurance claims. State government and concerned parents and guardians continue to advise their teenage driver children to stay clear of things that might cause them to be involved in car crash accidents. In the 2008 report of the Insurance Institute for highway Safety, sixteen-year-old teenagers is the group that has the highest risk of getting involved into auto accidents. Around 4000 teenagers of the age range 13 to 19 had died in motor vehicle crashes in the same year. Vehicular accident … (more) August 4, 2010
Travelers Cos. Withdraws Misleading Commercials
by Jeanny Hopper

Texas law in relation to citizens and their houses say that Texas government would protect every Texan from losing their homes no matter what the circumstance is. So whether or not the person has been involved in a car accident with liabilities and he is not covered by any auto insurance policy, his house, would stay with him since a law protects his house and him. However, the recent advertisement of Travelers Cos. have gone against the said law and because of it, Travelers Cos. was forced to retract every media advertisement published, posted, recorded and devised using the said … (more) August 1, 2010
Tampa Tops Number of Staged Vehicular Accidents
by Jeanny Hopper

Doubtful vehicular insurance claims have been mounting up quickly in the state of Florida. These suspicious vehicular accidents were said to be just staged accidents in order for the claimants to receive money from their auto insurance policy providing companies. In the staged accidents, the claimant would purposely drive their cars to walls, trees, street lamps, or other pavements and would claim their insurance policy to repair the damages and to pay for their medical expenses. According to the study about the questionable claims made in 2008 to 2009 conducted by the National Insurance Crime Bureau or the NCIB, Florida … (more) July 28, 2010
Geico Tops Ward’s 50 Again
by Jeanny Hopper

The fastest growing auto insurance company in the country, aside from achieving the third spot in relation to the largest auto insurance providing company in the United States has been named as the top financial insurer of Ward’s 50 high-performing insurers in terms of financial help. GEICO, or the Government Employees Insurance Company, has earned the top spot in Ward’s 50 for the twentieth time in the past consecutive years! Ward’s 50 is a list of the country’s top insurance companies wherein the companies who makes it in the list are successful in maintaining a consistent and safe height of … (more) July 27, 2010
GEICO Makes It in Ward’s 50
by Jeanny Hopper

Ward Group, leader of insurance company benchmarking, has declared GEICO a slot in the top 50 High Performing Insurers in the United States. The annual study revealed that GEICO had made it in the top 50 for twenty consecutive years. And during that double decade wins, the company have been busy introducing new strategies on policy management and improved ways of getting safe insurance coverage. The Government Employees Insurance Company or GEICO began its leading journey in Ward’s top 50 in 1991. It is renowned because of its auto insurance and other insurance covering motorcycles, terrain vehicles, boats, apartments, houses … (more) July 26, 2010
Esurance Set to Launch Out-of-Home Advertising
by Jeanny Hopper

Esurance, a well known name in the field of auto insurance is taking yet another step to strengthen its brand positioning. This time, the company plans to launch a new outdoor ad campaign across countries spreading the message that the company is best whether it comes to helping them in terms of online taking advantage of the technology or through their 24/7 customer service over the phone. Featuring in the ad would be the individuals seen in the new television ad campaign. The characters have been chosen keeping in mind the features the company aims to represent through their advertisement … (more) July 22, 2010
Auto Insurance Jargon Defined
by Jeanny Hopper

Many car owners consider auto insurance terms too foreign or alien. Of course, no one expects that an average car owner would have a glossary list in his pocket or in his car. And not everybody presumes that the insurance agents have given these drivers the full insurance lecture. Young drivers, especially those who just got in the driver’s seat for the first time, won’t be able to deal with numerous insurance policies. The only thing they know is that they have a car and they need insurance. They’d probably be seen confused when agents ask them what kind of … (more) July 20, 2010
WebTech signs WT5000 Locator contract with VeriLocation
by Jeanny Hopper

WebTech Wireless Inc. now starts a contract with their distributor, VeriLocation Inc., to supply the latter company over 10, 000 WT5000 Locators for one of their business ventures with a leading insurance company in the United Kingdom. WebTech Wireless, the leading telematics technology and vehicle fleet location-based services provider, had announced their signing of the contract with the UK-based distributor last Friday, and they have already completed an early delivery of 2, 000 WT5000 Locator units last June. This contract was the outcome of VeriLocation having won a three-year contract with one of the leading insurance companies in the UK, … (more) July 15, 2010
IGS and NCIB Joins Forces to Supervise Portfolios
by Jeanny Hopper

Illinois—The International GNSS Service (formerly known as the International GPS Service), also known as the IGS, has finally joined forces with the National Insurance Crime Bureau, otherwise identified as the NICB, to provide auto insurance companies and lenders a full service supervising answer to these companies’ lending portfolios. IGS is the leading company that offers skip tracing, asset location and collateral recovery services in the country. This company is under the Portfolio Recovery Associates, Inc. which is concentrated on locating or finding vehicles, for allocating repossession and for recovering the collateral for the lenders’ vehicles. It has a comprehensive and … (more) July 8, 2010
The Battle Waged by Auto Insurers Continues despite Proposition 17’s Rejection
by Jeanny Hopper

Auto insurers have waged a battle to ease the regulations that allows drivers to carry the discount on continuous coverage with them when they switch carriers. They have already spent over $16 million; however, they still see no respite despite the rejection of Proposition 17 by the voters of the state. The counting of the votes ended early on Wednesday. 52% of the voters rejected the initiative as against the 48% who voted in favor of it. The auto insurers faced defeat despite spending millions of dollars to garner supporters. This tough battle between the auto insurers and the customer … (more) July 6, 2010
Shop Extensively To Save More On Auto Insurance
by Jeanny Hopper

One particular type of shopping that does not interest a lot of people is shopping for auto insurance. In fact, most people are so averse to shopping for a good policy that they stay with their current insurer for years despite the increase in premiums each year for the same policy they hold. However, it is important to know that shopping for a good coverage is the best way to save a significant amount of money on your policy. And considering the tough economic times, who would not like the lure of some extra money? The average cost of auto … (more) July 5, 2010