Most Recent Auto Insurance News in Headlines

• Serious Privacy Concerns Brewing Due To Vehicle Monitoring Systems

  by Jeanny Hopper
  

  The fourth largest auto insurance provider in the United States has filed a federal lawsuit averring motor vehicle monitoring system patent infringement. This has brought to spotlight the many privacy concerns that arise due to this system. This system has been designed to collate data about the customer’s driving practices. The information thus collected is used during programs for ticket and accident forgiveness. This information has also proven to be useful to determine the premiums for the most recent ‘pay as you drive’ insurance. Progressive Corp., an auto insurance provider based in Ohio, has filed this lawsuit accusing Liberty Mutual … (more) July 4, 2010

• Price No More A Factor That Decided Auto Insurance Satisfaction

  by Jeanny Hopper
  

  Though it cannot be denied that price does play a crucial role while buying an auto insurance policy and also has a significant impact on the final decision, it definitely is not an indicator for auto insurance satisfaction. One of the most recent industry studies has revealed that though twelve months ago the price did affect the satisfaction scores, it is not the case anymore. The United States Insurance Shopping Study released by J.D Power and Associates in the month of May 2010 shows that nearly 41% of the people choose a particular insurance provider because of the price they … (more) July 1, 2010

• Auto Insurance Purchased Online Growth Trend Continues

  by Jeanny Hopper
  

  Despite soft consumer demand, U. S auto insurance policies purchased online up seven percent in 2008 versus year ago. A leader in measuring the digital world, comScore, Inc. released a study of online activity for the auto insurance market in 2008. It showed that consumers submitted requests for 32 million online quotes and purchased a record 2.4 million policies online during the year. Due to weaker consumer demand in the current economic environment, the number of quotes requested online declined by one percent. Regardless of that instance, the number of auto insurance policies purchased online increased by seven percent. This … (more) June 26, 2010

• Motorcycle Safety Awareness Month

  by Jeanny Hopper
  

  May is considered the nation’s Motorcycle Safety Awareness Month. It is the month of motorcycles and motorcyclists across the country. U.S. House of Representatives pass House Resolution 269, which designates May as Motorcycle Safety Awareness Month. This month motorcyclists are ready for the warm weather, with helmets ready and engines reviving. This is the month that gives opportunities for them to ride their bikes again.  However, whether you enjoy riding you Harley-Davidson, Honda, Kawasaki, Suzuki, Yamaha, Ducati or something else, motorcycling can be ultra enjoyable when done in a safe manner. During this safety awareness month, GEICO (Government Employees Insurance … (more) June 24, 2010

• Auto Insurance At Large

  by Jeanny Hopper
  

  According to a December 2009 report from the National Association of Insurance Commissioners (NAIC), the average cost of automobile insurance declined by 2.6 percent in 2007. The District of Columbia had the highest average expenditure ($1,140), followed by New Jersey ($1,104), Louisiana ($1,096), New York ($1,047) and Florida ($1,043).  Based on 2007 NAIC data, seventy six (76) percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and seventy-two (72) percent buy collision coverage. In 2007, based on average automobile insurance expenditures of NAIC, D.C. ranked number one as the state that has most expensive automobile insurance with … (more) June 23, 2010

• Car Insurance is in Mandatory by Law

  by Jeanny Hopper
  

  Insurance experts warn that with more underinsured and uninsured drivers on the road, it could only be a matter of time before they get in accidents involving law-abiding car owners. Exactly, few people realize how important it is to have their vehicles insured. Moreover, the present situation aggravates the decreasing number of people that owns car insurance; to cut back on many expenses and due to the poor economy. To save money, there have seen dramatic changes in the way car owners buy insurance according to Industry analysts. Worse, some drivers have decided to decline insurance altogether. In fact, some … (more) June 22, 2010

• Auto Insurance Extras

  by Jeanny Hopper
  

  Economic hard times such as rising prices of petroleum, the cost of food and other basic necessities for living shooting up, and job market shrinking are just few of the global problems we are facing right now. However, with all of these daily problems facing as day by day, still a lot of people can’t do without their car. For those people who live in the suburbs and has to commute, public transport is indeed inconvenient and expensive. As a result, these people tend to save money on planning to buy their own vehicle. For those of you planning to … (more) June 20, 2010

• Good Driving History Covers less Expensive Insurance Policies

  by Jeanny Hopper
  

  The cost of auto insurance policies receives complaints from most consumers below the age on 25. The younger generation of working class finds the cost of insurance very high. Most of them believe that the insurance rates they are paying are very high and for some families it is already beyond their budget. It is very important to have auto insurance especially for the owners of automobiles. Each company and each policy has its unique coverage scheme for specific consumers depending on their needs and preference. With this information, experts suggest that consumers must look for the suited auto insurance … (more) June 18, 2010

• Auto Insurance Payments, No Grace Period

  by Jeanny Hopper
  

  Like any other insurances, health care, life   and even auto insurance premiums give no grace period when it comes to payment. Imagine that you delay the payment of your insurance what if a day late and you have an accident, what will happen? Nowadays, more and more auto insurers are linking late bill payments with auto insurance rates. Those with poor credit or late bill payments are most likely to get higher auto insurance rates. Also, cancelled insurance policies due to late payments will make you pay more. But it will not prevent you or disqualify you from getting one. … (more) June 17, 2010

• State Farm had warned US officials about Toyota

  by Jeanny Hopper
  

  In late 2007, private insurance company state Farm had informed a US Government regulator of a disturbing trend of accidents involving vehicles manufactured by Toyota motor Corp. Company spokesperson Kip Diggs said, “When you start to see significant claims activity that indicates that there may be widespread problems with a product, that’s when you go to the NHTSA, There had to have been significant activity, a noticeable trend, for that to happen.” The Illinois based company is America’s largest insurer according to the Insurance Information Institution, and has in excess of 42.4 million insurance policies, which accounts to an 18% … (more) April 23, 2010

• ‘Pay By The Mile’ Pours Smiles Out Of Texans

  by Jeanny Hopper
  

  The recent launch of the new insurance program by milemeters that quotes ‘pay as you drive’ is being generously praised by funds of environment defense. This launch took place in Texas to provide the less mileage drivers, minimum premiums than the regular rates of insurance companies. This has brought a smile to the thousands of Texans who have been looking for some sort of relief in their auto insurance premiums. On October 15, Milemeter gave away this plan, to implement auto insurance that calculates premiums that are based on the miles driven by the person. The product was launched in … (more) April 11, 2010

• Increasing Medical Costs down the Popularity of No-Fault Auto Insurance

  by Jeanny Hopper
  

  A couple of years ago almost every other person who was eligible for the no-fault auto insurance policy was looking out to buy one in order to keep the premiums minimal and reduce court fees. However, today, the no-fault auto insurance has no takers since it failed to live up to its goals and policy guidelines. The no-fault insurance came into being in order to provide low cost car insurance to consumers by reducing the court fees. However, this backfired since the cost of the medical bills rose, thanks to this policy. James Anderson, a researcher and lead author of … (more) April 3, 2010

• Aging without Worries with AXA’s New Auto Insurance Plans for Older Drivers

  by Jeanny Hopper
  

  What can you expect when you reach 40, 50, 60, and so on? Of course, there’s your upcoming retirement, increase on health benefits, senior citizen discounts and—higher car insurance premiums. Just recently, AXA Group already set its foot onto the car insurance realm and offered a 90% discount on older drivers who apply for auto insurance. A 30 second commercial was also released to back up this campaign. The commercial depicts a normal scenario in the pedestrian with people bumping with each other, saying that this is not a normal scenario in the side street but become common on the … (more) April 1, 2010

• AG Coakley Caught in Between Two Sides in Auto Insurance Dispute

  by Jeanny Hopper
  

  Being in the middle of a legal dispute over Boston State’s competitive automobile insurance system is a tight spot to be in. That is precisely where Attorney General Martha Coakley is – defending the Patrick administration which she accused of as “playing favorites” in setting auto insurance legislations. A lawsuit has been filed that claims that some of the auto insurance rules provide favorable lee-ways for national companies, including Progressive Insurance and Geico, among others. Since the Attorney General, incidentally on a campaign trail for a US senate seat, is also on the side of defending consumer rights, she is … (more) March 28, 2010

• Car Surfing and Other Risky Driving Behaviours and Stunts Associated with Teenage Drivers

  by Jeanny Hopper
  

  Car surfing is a dangerous past time usually performed by teenagers.  Being young and reckless many teenagers are thrill seekers and are known to engage in extremely risky endeavours.  With car surfing, a person or a group of individuals hangs on to the hood of a car, while it is in motion.   Just recently, a group of youngsters were apprehended by police for car surfing. The driver, an 18 year old male is now facing criminal charges and would most probably have his auto insurance premium hiked following the incident. According to police reports, the male driver was seen behind … (more) March 27, 2010

• Tips on How to Save Money on Auto Insurance

  by Jeanny Hopper
  

  Auto insurance is essential for all car owners.  In most cases, it is illegal to drive without insurance.  However, due to the prevailing weak economic conditions a lot of people opt not to get one, endangering not only themselves but also other motorists as well.  They may in the short run be able to save up on money, but they may find the consequences too steep if ever they get into an accident.  Some people would just get insurance for the sake of registering their car then would stop their premium payments once they get their registration.   These conditions sadly … (more) March 26, 2010

• Top 7 Deadly Mistakes In Driving

  by Jeanny Hopper
  

  In 2007, around 40,000 people were killed due to vehicle crashes according to the National Highway Traffic Safety Administration. Even the “good” drivers suffered from these lethal mistakes at times. Swerving or not staying on their own lane has been identified as the most lethal driving mistake made by American drivers. More than 15,000 people died in crashes by simply drifting off to the next lane or completely running off the road, according to NHTSA’s statistics report for 2007. Speeding or driving above the maximum speed limit, racing or fast driving where the road conditions does not warrant its safety … (more) March 24, 2010