An Ounce of Prevention: 8 Precautions to Ensure Your Kids’ Safety on the Road

auto insurance industry safety

When traveling with your kids, your first priority is keeping them safe. You’ve probably already taken some precautions like teaching them road rules and how important it is to wear a seatbelt, but there’s a lot more you can do to ensure your children’s protection in a car. Here are eight ideas for maximizing the safety of your family on the road. Clean Your Car and Perform Routine Maintenance Accidents happen, but there are ways to stay safe even in a collision. Secure all loose objects inside your car like toys or…

Read More

Using a Vehicle Tracking Device to Lower Your Insurance Premiums

Insurance premiums are rising year on year… this is down to more cars being on the road and more careless driving as people take more risks to get to work on time. This year it is predicted there could be a further rise of between 3-10% on insurance premiums due to reinsurers (the insurers for the insurance companies) increasing their own premiums because of a concern over how easy insurers are paying out. The issue is that it is generally a small proportion of drivers who actually have accidents regularly…

Read More

Insurers keenly aware of retail risk on the eve of Black Friday

With Black Friday and Cyber Monday looming on the horizon, insurers are keeping a keen eye on risk in the retail industry. Black Friday is the most important shopping day of the year and, in many ways, the most important day of business for most retailers. The famous deals offered during Black Friday have never failed to draw masses of shoppers to stores. When so many people gather in one space, accidents are almost unavoidable. With insurers falling under more scrutiny in recent months, they have begun warning retailers to…

Read More

Allstate survey shows that U.S. drivers are confident in their driving abilities despite their dangerous habits

A new study from Allstate Corp. suggests that U.S. motorists may not be as skilled of drivers as they may think. The study shows that the majority of Americans consider themselves to be good drivers with safe habits. This notion is contrary to the evidence compiled by Allstate that suggests otherwise. How the auto insurance industry will react to the study is yet to be seen. Whether the study will serve as inspiration for drivers to improve their habits is also unclear. Allstate studied more than 1,000 adults in the…

Read More

Insurance companies hesitant to insure motorcycle taxis

Insurers are not providing new products for motorcycle taxi owners. This is because of the increasing number of accidents.  Last month, the government required that all motorcycle taxis have to be insured, the riders must wear helmets, drivers must have a valid license and standard fare rates are a necessity. Despite the new reforms, insurance companies have excluded motorcycle coverage.  Insurers say it is because there has been a high loss ratio regarding theft and accidents.  The losses are significantly higher than it is for private vehicles. According to the…

Read More