Most Recent Auto Insurance News in State Insurance News

• Auto insurance costs to be reduced by Florida lawmakers

  by Richard Burton
  

  Lawmakers in the state are trying to reduce the costs and cut back on costly courtroom battles over disputes arising due to auto insurance. A lot of officials feel that something has to be done to ensure that the costs can be reduced. This is because the auto premiums in Florida are on the rise and increase lawsuits are one of the reasons according to regulators, why the premiums are going up. One of the proposals that are being considered is to reduce the attorneys’ fees when they win PIP suits.  This fee could become quite hefty in excess of … (more) January 31, 2011

• Lawmaker states that ohio’s insurance verification program is unfair

  by Richard Burton
  

  Lawmakers in Ohio are willing to put an end to all the annoying letters that people receive regularly as part of an insurance-verification process.  However, since there is no other replacement in place of this program Rep. Jay Hottinger, Chairman, House Insurance Committee is unwilling to take a chance and is not ready to scrap the program as of now.  This program has helped in busting around 500 uninsured drivers in Ohio every week. Letters are sent out to about 5,400 people each week to run a random check every week on drivers in Ohio asking them to send back … (more) January 29, 2011

• Wisconsin to repeal most auto insurance coverage

  by Richard Burton
  

  A bill would be introduced by Republicans in the Wisconsin Legislature s there are plans to repeal the increases in most auto insurance coverage as they were mandated by the Democrats as this has resulted in higher premiums.  Carrying auto insurance is still mandatory and has been in effect since last year.  But the bill by Rep. John Nygren, Sen. Frank Lasee, will repeal just about anything that the Democrats had passed since 2009 and that which was signed into a law by Gov. Jim Doyle. The details of the bill were provided to the Associated Press on Tuesday and … (more) January 28, 2011

• State comparison reveals the most expensive auto insurance rates

  by Richard Burton
  

  Studies conducted by the National Association of Insurance Commissioners (NAIC) indicated that states such as New Jersey, Columbia, Louisiana, Florida, New York, and Massachusetts seem to have higher insurance rates when compared to other states.  Here, the policyholders generally pay more for their insurance coverage than their counterparts.  As we move ahead this year, things might not remain the same; there will be changes with regard to the highest premiums.  In spite of the annual changes in insurance rates, these states mentioned above, have been consistently on the list.  These specific states have always been found to be the most … (more) January 26, 2011

• Affordable car insurance in California now a reality

  by Richard Burton
  

  Many families find auto insurance an expensive affair although it is a necessity.  It cuts into the budget of other household expenditure.  Hence, the state of California has set up a system where these people can obtain car insurance that is affordable where the insurance premiums are low with low payment plans.  The main aim of California’s Low Cost Automobile Insurance Program or CLCA is to provide car insurance that is affordable to good drivers who belong to the lower income groups and meet the necessary requirements.  This program had come into effect in 2007.  The coverage under this program … (more) January 23, 2011

• Selecting insurance plans based on your needs the most recommended

  by Richard Burton
  

  Auto insurance companies always offer a whole range of insurance products and it can be quite confusing.  Hence, one must always shop around for something that fits their needs.  Choosing the right product would depend entirely on the make, model, and year of manufacture etc.  So the pricing of the insurance plan will depend on that. Sometimes even having a full coverage might not be helpful even if you are a cautious driver and are a driving an old vehicle.  If you can afford to extend the coverage then do so by all means. State minimums are prescribed at $50,000 … (more) January 18, 2011

• Rise in auto insurance rates while people are driving less

  by Richard Burton
  

  Auto insurance rates are actually on the rise even as people are driving less.  The rates have gone up after many years of stability.  It is startling to note that the rates are going up despite the fact that people are actually driving less and as a result of which there are fewer accidents.  But on the other hand, there are some insurance providers who have actually lowered rates and are even offering good discounts. According to the US Bureau of Labor Statistics (BLS) for the average consumer the auto insurance costs have increased by about 1% in November, 2010 … (more) January 17, 2011

• Arrests made in California for operating insurance fraud ring

  by Richard Burton
  

  In California 20 individuals were arrested for involvement in an auto insurance fraud in the Greater Los Angeles area as per reports by the California Department of Insurance.  There are three more arrest warrants pending in connection with the same fraud.  These arrests have been made after culmination of the investigation after a two-year period by the CDI Fraud Division.  The losses incurred could run to a tune of $1 million.  According to the CDI the suspects would be charged with fraud and conspiracy as well as various acts of felony. On September 4, 2009, the detectives in the Fraud … (more) January 11, 2011

• Deer-collision insurance increases during breeding season

  by Richard Burton
  

  Purchases for auto-deer collision insurances increased this month according to several auto insurance providers. The sales for auto-deer insurances, which are costly for several car owners and drivers, are usually increasing during the mating season. The mating season starts in October and ends in December with its peak month on November. According to Higginbotham, an animal expert at Texas A & M University, the male deer (the buck) chases the female deer (the doe). The chase can take the couple anywhere, at times, even in the road. Unsuspecting drivers often collide with a deer, or they can get into an … (more) January 3, 2011

• Progressive offers revolutionary 30% car insurance discount for Virginia’s residents

  by Richard Burton
  

  Progressive general manager of usage-based insurance Richard Hutchinson recently said that more than 100,000 car owners across the US benefit from personalized auto insurance rates. He added that these drivers reveal to their insurance providers the “real picture” of how much, and when they drive their cars. Hutchinson added that with Progressive’s 30 percent discount on auto insurance rates, drivers nationwide will surely gain greater opportunities to save regularly. He said that through the Snapshot auto insurance program, drivers will have the chance to be rewarded for responsible and safe driving. Hutchinson said that the Snapshot discount is indeed “revolutionary” … (more) December 25, 2010

• New law to make uninsured driver more compliant

  by Richard Burton
  

  In order to make some of the drivers more compliant towards the state laws, a new law has been passed with regards to the minimum requirements relating to auto insurance coverage. This law gives traffic officials the power to tow the vehicles of those drivers who do not have any insurance coverage or have been found to violate the traffic laws. The law also aims to get hold of those people who have been banned in the past but still have been driving. States like Oklahoma would be benefited from the strict implementation of this law. Oklahoma is one of … (more) December 23, 2010

• New auto insurance discounts in Pennsylvania offered by unitrin direct

  by Richard Burton
  

  Unitrin Direct, a direct to consumer group has come up with a new auto insurance program for customers in Pennsylvania. Drivers with a very good track record will receive the benefits of this insurance program. New types of coverage packages ensure that there is improved protection for the customers. This particular business model of Unitrin is quite unique in the sense that there is a great reduction in the overhead costs. As a result there are savings in the costs which are shared with the customers while keeping service at the same high levels. Customers in Pennsylvania are offered a … (more) December 22, 2010

• Michigan laws and teen insurance rates

  by Richard Burton
  

  Teen drivers and their guardians, if they pay the premium know that the auto insurance rates for teens are much higher than the average. There are some logical reasons for this disparity. Firstly teen drivers usually tend to be more reckless. They also involve in behaviour that could be considered dangerous, such as racing and over speeding. Teen drivers are also more distracted because of text messaging or phone calls or by friends going together. All these reasons result in teenagers making up the high risk poll from an auto insurance company’s perspective. There has been a change in recent … (more) December 20, 2010

• Insurance based on mileage to be offered by state farm

  by Richard Burton
  

  It is an obvious fact that if you drive less in your car, the chances of meeting with an accident are less too. This is also the perception of the insurance companies who are planning to use it to attract new policy holders. Discounts are being offered to policy holders by correlating the risk they hold and the insurance rates they receive. State Farm is taking this initiative to offer rebates to its customers in California by using their odometer readings. State Farm, the insurance giant has create a voluntary program called Drive Safe & Save, wherein policy holders in … (more) December 14, 2010

• Comparing auto insurance rates could help California motorists save money

  by Richard Burton
  

  New types of coverage policies are being offered by insurance giants in California, State Farm Mutual and Automobile Club of Southern California. These policies would be rewarding those drivers who drive less by offering lower monthly insurance premiums. Pay as you drive schemes will be put in place by both the insurance companies. This new scheme will allow consumers the flexibility to choose their premiums based on the total miles they drive. This scheme could be the starting of similar policy changes from many other companies that will offer incentives to policy holders to drive less. It augurs well for … (more) December 13, 2010

• Rising auto insurance claims due to teen accidents

  by Richard Burton
  

  A major auto insurer has reported that there is a rise in the number of vehicle accidents amongst young drivers. By October, most young people are expected to have spent at least 8 weeks in school and the routines too, seem to be stable and fixed, which brings us to the questions as to what happened to indicate the rise? As per recent reports, October is a dangerous month for teenage drivers in the country. In fact, the fall season is the most dangerous period for 70% of the country. This has come from an analysis of the collision and … (more) December 6, 2010

• Pay as you drive strategy means lower auto insurance

  by Richard Burton
  

  Usage based insurance or UBI is fast becoming quite popular in the country. This is because, customers, don’t need to pay high auto insurance premium anymore based on the estimated annual mileage for their vehicles. Rather their auto insurance premium will depend on the actual number of miles they have driven their cars for as shown by the odometers. MileMeter which is an auto insurer based in Texas, has pioneered the PAYD model. PAYD stands for pay as your drive and this model of auto insurance coverage in the US is actually being taken up by many drivers. As per … (more) December 5, 2010