Most Recent Auto Insurance News in Local Insurance News

• Auto insurance must be updated before holiday travel suggests AAA

  by Richard Burton
  

  Millions of motorists generally hit the roadways especially during the summer travel season in order to get away for a vacation or even on weekend getaways. So, with so many motorists on the roads and highways, it becomes all the more essential to check on the auto insurance and make necessary changes to the policy to ensure that motorists have adequate coverage in case of an involvement in an accident. There were more than 5.5 million Motor Vehicle Traffic Clashes which involved injuries, fatalities, as well as damage to property in 2009, as per reports from the U.S. Police Departments. … (more) May 21, 2011

• California colleges promote low-cost auto insurance programs

  by Richard Burton
  

  Colleges in California are now promoting low-cost insurance programs as representatives from California’s Department of Insurance as well as notebook computer marker ASUS Computer International are making visits to the community colleges and introducing students to the California Low-Cost Automobile Insurance Program (CLCA) that is run by the state. In the present economy, most Californian’s especially students are looking for ways and means to save money. According to the CLCA program the state provides affordable liability-only insurance which meets the state’s requirements of less than $400 year. Chris Shultz states that the CLCA is a great plan for most Californians … (more) May 16, 2011

• Spotting auto insurance fraud to avoid being a victim

  by Richard Burton
  

  If you are involved in an accident and if something tells you that there is something odd, then there probably is. It could either be the accident itself or the events that unfold in the days and weeks following the accident. There is every possibility that you and your insurer are being fooled. Staged accidents cost insurers and policyholders billions of dollars annually according to the Insurance Information Institute (I.I.I). These staged accidents had become very common especially during the recession. Insurance scams can take many forms. There might be the involvement of local street thugs, entry level thieves, organized … (more) May 10, 2011

• Insurance fraud reforms need to be brought in while exercising caution

  by Richard Burton
  

  In order to bring about better protection against auto insurance fraud, lawmakers have called for an overhaul in the no-fault auto insurance in the state.  There have been multiple bills that have been introduced by the Senate Republicans in order to protect the auto insurance sector from fraudulent claims, which are seriously impacting the auto insurance costs in the state and causing a steep rise in premiums. The Senate Insurance Committee member, Martin Golden, R-Brooklyn stated that the system needed to be fixed and also emphasized that there were simple steps that could be taken to do the same. He … (more) May 9, 2011

• Debunking myths to get better auto insurance policies

  by Richard Burton
  

  Auto insurance is expensive and complicated and not many like buying auto insurance. But it is important to understand the premiums and the way they are determined. There is a lot of misinformation with regard to the premiums and insurance coverage. Insurance Information Institute a non-profit has helped debunk a few common auto insurance myths: –          It costs more to insure red cars – there may be some who believe that those who drive red cars are far more aggressive and get many more speeding tickets. While this may make sense to a select few, there is no evidence to … (more) May 8, 2011

• North Carolina’s auto insurance system long due for a change

  by Richard Burton
  

  The editorial in “The Observer”, last Monday, advocated that the bill to bring about changes to the auto insurance system in North Carolina be rejected. However, in reality the auto insurance system in this state is among the most outdated systems in the country and is in desperate need of a significant overhaul. As per the current system that is in existence in this state, the insurance providers in this region have to be Rate Bureau’s members. This bureau is in-charge of proposing rates that can either be approved or rejected by Wayne Goodwin, the Insurance Commissioner. Goodwin also sets … (more) May 7, 2011

• Changes in auto insurance and the negative impact it is likely to have on consumers

  by Richard Burton
  

  The whole purpose of obtaining auto insurance is to protect the driver and the rest of the passengers and the family members in the vehicle in the event of an accident and if anyone sustains grievous injuries. Auto accidents in the year 2009, caused a loss of $2.55 dollars in Wisconsin. During that time at least 41,589 people suffered injuries and 532 people got killed. There were 79,596 crashes that resulted in property damage as per the statistics provided by the Wisconsin Department of Transportation. The economic losses in Wausau alone amounted to around $19.1 million. The two most important … (more) May 3, 2011

• Drunken driving by teenagers could prove to be costly for entire family

  by Richard Burton
  

  Drunken driving by teenagers could turn out to be a costly affair for the entire family especially if all members are listed on a single auto insurance policy. The rates will go up even if a teenaged kid is caught driving under influence, states Bill Martin, Senior Vice President at Farmers Insurance. This hike in rates would be spread over all the vehicles in the household rather than just on one particular vehicle, he stated. The rise in rates would be quite sharp due to the fact that the teen would not have a long driving history and it would … (more) April 27, 2011

• Rate bills opposed by top auto insurer

  by Richard Burton
  

  Nationwide, North Carolina’s top auto insurer has opposed the rate bills and is not in favor of the dismantling the regulatory powers and regulating auto insurance rates. The insurance major believes that the present system in North Carolina is working efficiently and there is no need to bring about any changes, stated Lee Morton, Regional Vice President at Nationwide for North Carolina. Nationwide made the announcement just a day after Insurance Commissioner Wayne Goodwin addressed a press conference where he denounced the legislation in the Senate and the State House where his role would have limitations with regard to regulating … (more) April 22, 2011

• Insurance controls can remain the way they are and don’t require any fixing

  by Richard Burton
  

  Raleigh’s new ascendant Republicans would do well if they tried doing something extraordinary by helping the poor man instead of trying to clip his wings and further empowering and enriching the rich corporations. This is certainly not evident in the bills that are pending before the State Legislature, where there are modification plans to eliminate the regulatory controls in auto insurance rates. These sponsors are trying to do some window dressing in order to make it look like they are doing something in your interest, but it is a well-known fact that this is far from the truth. This prescription … (more) April 21, 2011

• An effort to repeal state’s no-fault law faces a roadblock

  by Richard Burton
  

  The 37-year-old no-fault law survived despite a repeal attempt on Tuesday at the State Capitol. However, later on the Senate Committee approved some significant changes to be brought about in the law. Minnesota was witnessing higher insurance premiums and also some evidence of insurance scams and hence the law needed to be dumped. There were more uninsured motorists on road stated Deputy Senate Majority leader Geoff Michel, R – Edina and this could be bomb that was waiting to explode. Talking about repealing the law, the leader asked the members what they were all getting out of this no-fault system. … (more) April 19, 2011

• Pay-as-you-drive plans prove to be beneficial for low-mileage drivers

  by Richard Burton
  

  For some of the drivers like Nancy Bell the pay-as-you-drive plans seem to be working well ever since she has retired from her services. A resident of Oakland, California, Nancy Bell has opted for this new auto insurance policy which rewards the low-mileage drivers. When you sign up for the pay-as-you-drive plan that is offered by State Farm in place of an estimated miles policy, there will a considerable fall in the premiums you pay. So, the lesser you drive below 19,000 miles per year, the more you save. Bell aged 63 states that this was a good way to … (more) April 12, 2011

• Teenage driving takes a hit due to the new rules

  by Richard Burton
  

  Although teenagers are eagerly waiting to get behind the wheel, as per the new rules their wait could go on for a bit longer. The new rules that are in force are the reason for parents to postpone getting a driver’s license for their teenaged kids. Parent are taking some tough financial measures because every average household in the United States is presently paying around $3,100 each year in order to allow youngster to drive, and $800 is paid on an average towards auto insurance – as per the poll conducted by Nationwide Mutual Insurance Company. Parents do realize that … (more) April 10, 2011

• Get better value for money with pay-as-you-go auto insurance

  by Richard Burton
  

  Right at the time when consumers are looking for ways in which they can get better auto insurance coverage at reduced costs, an increasing number of auto insurance companies are offering the “pay-as-you-go” policy. As the name says, consumers need to pay only for the insurance coverage used.   For a number of years, financial experts and customers have been lobbying for this type of auto insurance coverage. However, it is only now that the providers are taking an interest in their demands and trying to meet them. Progressive Insurance was the first provider to introduce this type of coverage … (more) April 5, 2011

• Rising auto accidents bring the importance of insurance to the forefront

  by Richard Burton
  

  The growing number of accidents has brought back the importance of auto insurance to the forefront. The recent accidents in Lorton haveleft one family reeling under shock after having lost the father and husband. There is bound to be a round of discussions in this regard as the driver or the car which caused the accident was not only an illegal immigrant but had also been convicted of drunk driving on many occasions. But the fact of the matter is that the unexpected always happens on a daily basis. No amount of financial assistance can ever compensate the loss of … (more) April 4, 2011

• You are being watched by your insurers; drive safely

  by Richard Burton
  

  Progressive has come out with its Snapshot program where the customers will install monitoring devices where their driving habits would be monitored for a certain period of time and then the discounts would be provided.  While the privacy advocates are yelping the drivers think otherwise. There has been a nationwide campaign going on for quite some time now where the auto insurance giant Progressive has come up with their Snapshot where the vehicles are monitored with the use of a monitoring device that monitors the individual’s driving habits, which includes braking, when and how far they drive etc. The privacy … (more) March 30, 2011

• Free insurance quotes to be provided by auto insurance companies by going online

  by Richard Burton
  

  The auto insurance industry has become very competitive these days and insurance companies are finding it hard to survive the stiff competition.  Sustaining themselves has become really difficult and that is the reason auto insurance companies are launching online services.  This will enable them to provide customers with the necessary quotes online. More and more auto insurance companies are joining the bandwagon and going online. Getting auto insurance quotes online has become a fairly simple task and one can sit in the comfort of their homes and get the quotes online.  With the advancement of the information technology everything is … (more) March 28, 2011