Most Recent Auto Insurance News in State Insurance News

• Get smart car insurance now and benefit from it

  by Jeanny Hopper
  

  The company that a consumer chooses plays a very important role in the rates of the auto insurance policies and premiums. The factors that affect the auto insurance rates are driving habits, age, the residential state and records. A website called the autoinsurance.net is a place where consumers can conveniently receive information that is reliable and comprehensive from several insurance companies. It is a smart move by consumers who explore all options before settling down to one decision. Certain issues should be kept in mind while choosing an insurance policy. When choosing details like amount to be deducted, limits and … (more) May 18, 2010

• Ever had trouble getting insurance? Here are a few steps to make things easier

  by Jeanny Hopper
  

  You need auto insurance that would cover up all your costs during an accident, but you don’t want to pay any more than you actually have to, so what do you do? If you are someone who loads thousands into your insurance companies just for a couple of tickets, during an accident or a credit rating, it would be worth the effort to shop for your policy against others. You could covert the money saved by you into a long term desired item. If you have to find the right auto insurance for you, it is important to know how … (more) May 17, 2010

• Universal Casualty Company is now in big trouble

  by Jeanny Hopper
  

  An order has been issued against the universal casualty company by the Illinois insurance department because of its failure to maintain and perform procedures for accurate settlement and investigation of the claims of consumers. UCC, an insurance company for automobiles doing business in Indiana, Missouri and Illinois and located in the elk grove village was ordered by the department in the year 2009 on august eleventh to a fine of $200,000 and was made to correct the processes of the claims right then. Sanctions have been imposed by both Indiana and Missouri because of the unfair practices of the UCC. … (more) May 16, 2010

• The new east region headquarters in Maryland has new jobs coming its way thanks to the State auto insurance

  by Jeanny Hopper
  

  In the eastern region head quarters located at hunt valley, support, sales and professional underwriting staff is being hired by the auto insurance group of the state. This head quarter, when completely staffed, the hunt valley team will touch about 51 employees almost 9 times more than it had just 3 years back. This new hunt valley headquarters is placed in the newly renovated offices that cover 21000 square feet at the 10 north park drive. The regional pay roll of the company when it is staffed completely is predicted to go beyond 5 million dollars. Hunt valley is listed … (more) May 15, 2010

• Students opt for less expensive Insurance Policies

  by Jeanny Hopper
  

  Many consumers believe the insurance rates they are paying are very high and in some cases are beyond the budget of many families. Auto insurance is an essential for road vehicles. The younger generation of working class people who are still stepping stones to their success find the cost of insurance very high. Most consumers below the age on 25 have had complaints with the cost of these policies whereas more well-off consumers have not done so. Experts suggest that consumers must search for the right auto insurance policy to suit their needs and preference. Insurance policies are available from … (more) May 13, 2010

• Monarch Insurance VIP On-The-Spot very effective, say consumers

  by Jeanny Hopper
  

  All vehicle owners and drivers alike are very careful when travelling by road. Vehicle owners are careful to not cause any damage to their vehicles or other vehicles on the road. They are also a danger to themselves and pillions when they meet with accidents. Many people are careful to avoid accident as they find it an inconvenience to go and get auto insurance or health insurance policy as the process of filling it up is complex. Monarch Insurance’s Vehicle Insurance Policy provides consumers for on the spot application and receipt of insurance policies and on the spot payments on … (more) May 10, 2010

• Mississippi learns about the hike in premiums

  by Jeanny Hopper
  

  The policy holders in the gulf of Mississippi know for sure that there is in the hike in the rates of insurance but what they don’t know is that to get home loans or auto insurance, their credit scores are factored! Consumers who have faced financial difficulties are looking at high premiums for home and auto insurance loans because of the economy. But it is said that there can be hikes in report even due to errors in the reports. Mike Chaney, the commissioner of insurance in Mississippi also says that he saw a 10 % increase in his rate … (more) May 9, 2010

• Maine has the Best Auto Insurance Policy Prices

  by Jeanny Hopper
  

  Auto insurance rates vary in different states. The least auto insurance is paid at Maine Ohio, where consumers enjoy very low rates of insurance. Insure.com a website shows statistics stating Maine charges consumers the country’s least expensive auto insurance. Drivers in other states like Michigan who have an average annual insurance rate which is almost twice as much as the average insurance rates of the country itself pay the highest insurance coverage in the country. Maine is the least expensive state with $902.85 average coverage falling lower than Ohio and Vermont and Louisiana State with the highest insurance coverage rate … (more) May 8, 2010

• Louisiana auto rates ranked highest in the nation since Katrina

  by Jeanny Hopper
  

  Ever since the hurricane Katrina hit Louisiana, the rates for auto insurance have hiked up to an extent that now it ranks the highest in the nation with the drivers paying a yearly premium if about $2510 as posted by web site insure.com. NAIC ahs data only till the year 2007 but another study by it shows the ascending insurance prices when compared with the other states. Fro the year 2003 to 2005, based on the average auto insurance premium rates, Louisiana ranked the 4th, climbing up to the 3rd place in 2006 and 2nd in 2007.   The … (more) May 7, 2010

• High average rates in Georgia

  by Jeanny Hopper
  

  Moving to Mexico, Oregon, Missouri or Illinois would get you cheaper insurance for cars. Ranking the 8th highest in the annual ranking is Georgia, where the drivers here pay an average of about 1751.42 dollars annually while the national average rate for premiums annually is 1429.26 dollars. While the average on premium is just 902.85 dollars in Maine, Louisiana has a whopping $1751.42 a year. Several factors affect the rates creating a variation from one state to the other. Information based on a variety of policies that include health, life, disability and auto insurances and also the rates are being … (more) May 6, 2010

• Commercial auto insurance required for all vehicles, company owned or personal

  by Jeanny Hopper
  

  All vehicles need an insurance policy. From home owned cars to company transport as easy to use and stylish as they are, they still need a good insurance policy. “With more vehicles you have more risk, so you need more protection,” Nathan Brown said. Brown employed at W.E. Walker-Lakenan insurance agency insists all vehicles, no matter the number, a person or company own; they all need separate auto insurance policies. Daniel and Henry Co. agent Rob Johnson stated that his employer along with many other insurers offer companies discounts if they possess very large number of vehicles or have low … (more) May 4, 2010

• Auto insurance sees increased fraud due to bad economy

  by Jeanny Hopper
  

  Most people are good citizens of the law, until they fall victim to the economy. These people try swindling auto insurance companies to make just enough money to handle their financial situation better. As more people lose their jobs because of the economy and more people cant pay back their loans and hence lose their property and vehicles. The district attorney of San Bernardino County has seen a steady rise in auto insurance frauds and the story so far has been the same. “I see it as a crime that otherwise law-abiding people see it as OK to break,” said … (more) May 3, 2010

• Auto insurance premium rates hike up even before the costs are being cut

  by Jeanny Hopper
  

  Increase in the rates of auto insurance has been approved of by Ontario prior to the changes that were aimed at reducing costs of minor claims of injury. This has taken many people by surprise as it can increase their monthly financial burden. The day when standard accident benefit coverage is said to reduce, is when the increase (27.3% for money) would come into effect i.e. the 1st of September. All the increases calculated and approved for TD in the duration of 12 months lies at 54%. Although TD general lost about 1.2 million dollars in the year 2009, it … (more) May 2, 2010

• Auto insurance ahead of Home Insurance in customer satisfaction race

  by Jeanny Hopper
  

  A new study by J.D. Power & Associates shows that consumers with insurance on their homes have more complaints regarding the working in comparison to the vehicle insurance customers. The home insurance owners have a low satisfaction rate to their appeals whereas the auto insurance consumers have showed their enthusiasm with the experience. J.D. Power and Associates 2009 Auto Claims Satisfaction Study shows that based on a survey, on a scale of 1000, auto insurance scored 842 for its working satisfaction rate and the home insurance scored 828 on the scale. “Home claims are typically far more complex than auto … (more) May 1, 2010

• Final regulations given for pay as you drive policy in California

  by Jeanny Hopper
  

  The insurance commissioner of California, Steve Poizner, gave out the final regulations of ‘pay as you drive’, which is aimed at the insurers to provide consumers with good rates which are based on the number of miles you drive and not an estimated number. Poizner says that this idea is a wise way of creating incentives for the motorists of California by asking them to drive less so that they could pay a low cost for auto insurance. This could also reduce pollution in the air and also reduces use of foreign oils. This policy was proposed in 2008 by … (more) April 27, 2010

• War in Massachusetts auto insurance market! Direct writers wait for a fair chance

  by Jeanny Hopper
  

  Massachusetts is targeted at for its auto insurance market ever since an announcement was made stating that its first policy had been written and soon it would be writing in Massachusetts as well. One of the largest insurers of automobiles in the nation, Geico wrote insurance yesterday in the state. an reception was held to greet the officials of the state and also the local officials. Their reception was held in Boston. It was announced by the company that auto insurance quotations and writing would begin this month in the bay state. Regional vice president, Steve Cunningham stated that they … (more) April 26, 2010

• Insurance agent from Atlanta makes policies fun

  by Jeanny Hopper

  Chris Jordan, an entrepreneur in the field of insurance has been posted on to inc. magazine. He is posted in a story on businesses that say entrepreneurs can begin a new business in their pjs. He uses a web cam, a dig cam, networks and significantly his humor to bond with people making them his customers. He says that insurance is all about building trusting relationships and he strongly believes that relationships too can be forged online. He says that chats, web cams and other communicative devices gives the owners of the agencies a chance to bond with customers like … (more) April 25, 2010