In a recent blog by Cars Insurance Savings, the writer mentioned seven things about a car that influences the cost of auto insurance. Before buying a car, it is important to make sure of some things because they can incur a lot of cost. To be brief, here are the seven things that car owners need to make sure: Find out how much repairs would cost: If the car is a foreign and fancy one, it can cost you a lot to repair it! This translates to a high premium for the auto insurance. Be sure that your car … (more) January 16, 2015

  • GEICO Hunts for Fraud No-Claims Cases in NY

    by Jeanny Hopper
    GEICO Hunts for Fraud No-Claims Cases in NY

    The Government Employee Insurance Company, otherwise known as GEICO, has filed a court case against no-claims suspects which operated in Kew Garden in New York last June 11. In the claim, suspects ask for radiological services payment which they forwarded to a medical professional corporation that has been charged to be clandestinely held and managed by nonmedical people. The complaint reported on the United States District Court for the Eastern District of New York was a $1.8 million worth of compensation and treble damages as set upon by the Federal RICO statue and the communal law of New York. They … (more) July 7, 2010

  • New Jersey Auto Insurers Performed Poorly in ‘08

    by Jeanny Hopper
    New Jersey Auto Insurers Performed Poorly in ‘08

    As automobile insurance companies or firms in New Jersey battled for customers, their effort proved to be unfruitful in 2008. Due to this circumstance, drivers are placed in a spot where they have to pay for higher premiums to compensate for decline in profits. New Jersey State and the Auto Insurance Report indicated that insurance companies have “flatlined” after five years of profits in double-digits until 2008. In 2007, companies reported a 10.1% profit. Since state reforms in 2003, more companies have been drawn to the state despite a poor showing of profits and significant increases in rate. Brian Sullivan, … (more) January 14, 2010

  • More Americans Cutting Back on Car Insurance

    by Jeanny Hopper
    More Americans Cutting Back on Car Insurance

    Insurance agents and industry experts say that the sluggish economy is forcing many Americans to amend their policies to save money. Worse, some policyholders are dropping their policies altogether to cut expenses. According to one insurance representative, Keith F. Doakes, the economic slump is making many policyholders reconsider how they spend money on their insurance. Doakes, who has been in the industry for 24 years now, says the current situation is the worst he’d seen, especially because the tough economic conditions is making it harder to find new customers. He points out that people often trim down their costs by … (more) July 28, 2009