Most Recent Auto Insurance News in Local Insurance News

• PIP auto insurance rates should be brought down in the state to ease payments

  by Richard Burton
  

  Floridians pay much more by way of auto insurance when compared to the residents of the other states.  All the cute television commercials that are endlessly being aired on TV are not going to make the payment process any easier for the residents of Florida.  They are not likely to enjoy paying their quarterly auto insurance bills that is going to show up in their mailboxes.  Floridians pay around $1,200 per year on auto insurance.  If these payments are to be eased then lawmakers will have to find ways and means to reduce the attorney’s fees as well as the … (more) March 22, 2011

• Car insurance quotes must to get coverage at right prices

  by Richard Burton
  

  Finding the right car insurance can be quite an endless task for most people as one has to find insurance that is affordable as well as one with the necessary features.  There are many websites that can help with a huge amount of necessary information regarding the best resources for comparing the quotes. Consumers need to visit various websites and obtain car insurance quotes from multiple vendors and make comparisons before signing up for the policy.  The zip code needs to be entered by the visitors to get auto insurance rates that can easily be compared by obtaining quotes from … (more) March 20, 2011

• Car insurance accounts for the largest consumer complaints

  by Richard Burton
  

  Since the last three years, around one-third of the complaints that are made by consumers to the insurance regulators in the state have to do with auto insurance.  This is as per the data compiled and submitted voluntarily by the National Association of Insurance Commissioners (NAIC).  The second largest complaints are with regard to auto coverage.  Health coverage and accident were at the top spot and accounted for about 40% overall. As per the report the regulators had an important role to play acting as objective mediators between the aggrieved policyholders as well as the insurance providers.  If the policyholders … (more) March 19, 2011

• Have an old car? Pay more for auto insurance coverage

  by Richard Burton
  

  Surprising though it may seem, the cost of availing auto insurance coverage for cars that are older is slowly trending northward. One of the main reasons for this is the fact that car burglars find it easier to steal older vehicles as compared to the ones that are new to the market. This fact was revealed by one of the most recent studies conducted in the auto insurance sector. According to this new study, cars that were over twenty years old were the ones that were the most susceptible to theft followed by the cars that were between fourteen and … (more) March 17, 2011

• A sneak peek in auto insurance companies that Americans trust in

  by Richard Burton
  

  The number of auto insurance companies has risen steadily over the last few years. But, only the strongest and the toughest of the lot, that offer best to their policy holders, have managed a strong foothold and market presence. These are companies that have been providing the best coverage to customers consistently over the years. Though they have a flip side, like most others, it is their strong points that make them the market leaders. Progressive is America’s third largest auto insurance provider in the United States of America. This company occupies the top spot because of the affordable rates … (more) March 13, 2011

• Protecting your assets while buying cheap auto insurance

  by Richard Burton
  

  One must not look at just the monthly premium while deciding on purchasing the auto insurance cover.  There are many other aspects that will have to be looked into before purchasing the policy.  You might want to skip some optional forms of coverage while shopping for the cheapest auto insurance.  It is always advisable to think of all the possible worst case scenarios and see if you will be able to afford to pay out of your pocket in case there are major damages to you and your vehicle after being involved in an accident.  If you were at fault … (more) March 11, 2011

• Getting discount auto insurance by making right choices

  by Richard Burton
  

  As per the forecasts in the auto industry sector there is every possibility of the insurance rates rising for most of the policyholders.  So, you must see how you can avail discounts on your auto insurance.  Make comparisons on the websites and shop for the best auto insurance rates after obtaining quotes from various insurance providers.  Investigate and check the possibility of availing a safe driver discount.  After purchasing the insurance policy online, check if there are any discounts available which can help lower your premiums every month. If you are unsure of the discounts that you should look for, … (more) March 8, 2011

• Can you get adequate cover with cheap auto insurance

  by Richard Burton
  

  While choosing cheap auto insurance it is essential to find out if the cover is adequate to meet the needs or if you will be stuck with a huge bill in the event of an accident.  If you are unsure, do a comparison of auto insurance quotes online.  However, if you want the current insurance rates to be reduced then this article might help you find ways to save on the insurance costs. There are three types of auto insurance coverage – minimum coverage, liability, and full coverage. The minimum coverage will mean that you will have to pay the … (more) March 4, 2011

• Avoid modifications if you want to avail cheap auto insurance

  by Richard Burton
  

  If you plan on purchasing a cheap auto insurance cover then just put all the modifications on hold.  As per the survey conducted recently modifications on the engine and addition of any of the performance parts will cause premiums to shoot up.  Most of the car insurance premiums will only cover the basics of your vehicle which are factory-installed and they will not cover the modifications done after that.  However, be truthful about conversions or modifications if any and don’t hide any information. There are a lot of hidden costs in modifying your vehicle and might actually cost you much … (more) March 3, 2011

• Auto insurance rates on the rise for older vehicles

  by Richard Burton
  

  As per the recent survey done by the insurance industry, results have shown that the older vehicles are at a greater risk of theft when compared to the newer vehicles.  Auto insurance for older vehicles was generally cheaper but now the rates are actually on the rise when compared to new vehicles.  As per the new study it has been found that vehicles that are 20 years or older have been stolen and the cars that are over 14 – 20 years old have come in second. All this while, you needed just the liability cover on older vehicles but … (more) March 1, 2011

• Auto insurance warning from a legal perspective

  by Richard Burton
  

  In recent times, a startling statistic that has come out is the fact that as high as 30% of car drivers on the roads of South Florida don’t have even the minimum auto insurance required by the laws of Florida law. One must carry at least insurance for property damage in order to pay for damage they might cause to another car. The PIP or personal injury protection would be required to pay for the medical bills of the driver and income lost, up to $10,000. The only exception for these rules is for the individuals who lease cars to … (more) February 25, 2011

• 2 critical elements in your free car insurance

  by Richard Burton
  

  A lot of car owners who are looking to procure auto insurance coverage for their vehicles aren’t aware of the right things they should check for in their insurance policy. It is always advisable to make sure that two crucial elements of the car insurance policy are present on the policy, before you take them. The insurance policy is mandatory by state laws and motorists are expected to have a minimum coverage as soon as they get a new vehicle. The car insurance will protect the vehicle owners against theft, natural disasters and accidents. But car owners must find out … (more) February 24, 2011

• Protect your car from the winter-related hazards with optional auto insurance cover

  by Richard Burton
  

  Insurance companies generally don’t offer coverage for car damaged due to potholes and all the winter-related hazards on the road.  Most of the residents from Buffalo to New York have seen their vehicles take a beating this winter season due to the badly damaged streets and highways, fallen tree trunks, ice and snow related incidents etc. Insurance superintendent James Wrynn states that consumers will have to help themselves and get a better understanding of what the policy covers and what is not covered.  They can always turn to the insurance department if they need any assistance with auto insurance related … (more) February 15, 2011

• Progressive and its usage-based insurance cover can help save a lot of money

  by Richard Burton
  

  Progressive has come out with the usage-based insurance discounts in Florida and has helped drivers save money by agreeing to be tracked by up to 30% depending on when, how, and how much they drive.  The program is called Snapshot and gives motorists a tiny gadget that is plugged into their vehicles and will store the driving data for 30 days.  Motorists can easily avail discounts if they do travel at times when the crashes are less likely to happen and if they drive less and make lesser number of sudden stops. Richard Hutchinson, GM for usage-based insurance, Progressive has … (more) February 14, 2011

• Pothole damage not covered by most auto insurance policies

  by Richard Burton
  

  Weather conditions during the harsh winter season make traveling by car a nightmare for drivers. However, this is not all that the drivers have to brace themselves for. There is another hazard in the waiting for drivers who traverse through areas that have witnessed heavy snowfalls. With the weather beginning to thaw and the ice and snow beginning to melt slowly, the roads are laden with potholes that can cause damage to the car. What comes as a surprise of many drivers is the fact that car damage caused due to these potholes is not covered by many auto insurance … (more) February 11, 2011

• Predominant auto insurance trends in the current year

  by Richard Burton
  

  2010 was considered to be a defining year as far as the insurance industry in US was concerned. There were many ripples created and lot of arguments too. People also learnt about the need to get proper insurance coverage in order to not run into massive debts in unfortunate situations. In the last quarter of 2010, some massive changes had started to roll in the auto insurance industry. With the market getting increasingly competitive prices have remained stable or in some cases actually declined. There have been some predictions for the year 2011, on what the trends are going to … (more) February 10, 2011

• Ailing economy brings auto insurance rates down

  by Richard Burton
  

  The bad shape of the economy has seemingly given one benefit to the customers. Careful driving habits combined with intense competition amongst individual insurance companies has helped in bringing the insurance rates down or at least keep it steady according to officials in the industry. The insurance premiums for 20 of the 25 top insurance providers in the state have either decreased or stayed stable. Also, none of the top 10 insurance providers have increased their auto insurance rates. These numbers largely reflect the average change in the insurance rates by each company based on the changes made to each … (more) February 6, 2011