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.
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.
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.
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.
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.
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.
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.
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.
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 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
Sprint is basically a large name in wireless products and services. However, it is turning its attention to another new area. Sprint is based at Overland Park, Kansas. Sprint has recently launched a set of end-to-end, integrated usage-based auto insurance services, termed as Integrated Insurance Solutions (IIS). These insurance services have been specially designed to target the auto insurance industry.
Do you know that lots of car insurance owners these days were very much disappointed because of the high premiums that they need to pay for this year? There is an insurance holder who testified that her husband has been insured for so many years now and they have missed out a payment, her husband never had any accident record, no arrest at all, yet they were charged with more than $600 in their insurance.
Drive Wise is a new initiative by Allstate, offering usage-based auto insurance program. Many agency owners and employees of Allstate are showing interest in this program and are testing it actively. This program tracks the driving records of individuals, resulting in considerable saving in auto insurance premiums with Allstate.
A New York-based study on auto insurance focusing on the premium amounts paid by teenage drivers show that age is a crucial factor in the way insurance companies calculate premiums for insurance coverage of vehicles.
Car owners have been receiving letters from their auto insurance companies from the beginning of this year. All the letters carry a uniform message that their car insurance premiums have gone up and in many cases by substantial amounts.
PARK RIDGE, NJ–July 11, 2012: The Hertz Corporation today announced its grand news of launching the Italian giant Porsche in its fleet all across the U.S. With this remarkable announcement the leading car rental company has become the foremost organization to procure the blazing sports cars from the ostentatious Italian auto manufacturer Porsche. Hertz is facilitating its targeted clientele to rent a limited edition of the top brass Panamera sport sedans, under its belt of “Hertz Prestige Collection.” This facility has been possible with the association between the Porsche Motorsport North America, Inc. (PMNA), Hertz, and the Porsche Cars North … (more) July 11, 2012
The automobile industry is on a new peak in terms of funds being disbursed by auto loan finance institutions. The concept of auto finance loans is a relatively new endeavor that started early in the year 2012 between January and March, and has seen a steady increase in its potential and growth.
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