Insurance industry tips to keep auto costs down

mechanic auto insurance industry maintenance

There are many things that a driver can do to lower the risk of making a claim through basic maintenance. Owning a car isn’t cheap, but the insurance industry has pointed out that there are a number of ways that the costs associated with vehicle ownership can be kept down to a more affordable level, as long as a bit of basic maintenance is kept up. Many types of DIY activity can help a vehicle to run better and cheaper and lowers the risk of a collision. As the insurance…

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Auto insurance companies have their eye on automotive vehicle redesigns

auto insurance car future

As more cars and trucks have steel panels replaced by aluminum, this could raise claim payouts. The automotive industry has been making changes to the design of many cars and trucks, removing their steel body panels in favor of aluminum ones, which has auto insurance companies feeling a bit jittery about how claims will look in the not-too-distant future. This considerable redesign to the construction of vehicles brings uncertainty to the insurance industry. This is not the first time that an aluminum bodied vehicle has rolled its way off the…

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Auto insurance is improving its customer satisfaction

auto insurance industry new car

A recent report from J.D. Power has shown that this sector of the industry is making consumers happy. According to a the results of a recently released study conducted by J.D. Power, auto insurance companies are continuing to provide an increasing level of customer satisfaction throughout the claims process. This was revealed within the “J.D. Power 2014 U.S. Auto Claims Satisfaction Study.” This study is conducted in order to measure the satisfaction level that consumers feel with respect to their auto insurance company after they have had to make a…

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Auto insurance underwriting losses increase by 77 percent

Manitoba flag auto insurance

In Manitoba, the treacherous winter lead to a notably larger number of vehicle collisions. The compulsory auto insurance carrier in Manitoba, Canada, has now reported that it had experienced underwriting losses of almost $220 million (CAD) within the fiscal year that came to a close at the end of February. Moreover, the total number of claims that were filed with the insurer rose by 15 percent over the previous year. The Manitoba Public Insurance Corporation (MPI) has now released its annual report, in which it produce the figures associated with…

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Auto insurance claims drop with Honda collision warning system

honda auto insurance

Research has shown that this safety feature is making a difference in reducing filings on policies. The Honda Accord has just received a bit of a pat on the back from the auto insurance industry as new data has been released to show that its forward collision and lane departure warning system is helping to reduce the number of claims that are made in these luxury vehicles. This data has been released with an analysis that was conducted by the Highway Loss Data Institute (HLDI). The results of the HLDI…

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Auto insurance hike prevention efforts taken on by Michigan

michigan auto insurance pothole

The state’s legislators are now getting behind efforts to stop rates from rising from pothole damage claims. A long winter of extreme weather has now brought about a rather nasty pothole season in Michigan, and the state’s House of Representatives are now looking into a bill that has recently been introduced to help to control the impact that this will have on auto insurance premiums as claims from damage start pouring in. The bill is meant to help to keep premiums from rising because a claim was made for pothole…

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Factors That Impact Car Insurance Premium Negatively and What You Can Do About It

Car Insurance rates

A number of things affect our auto insurance rates. Some work to our advantage and lead to discounts, whereas others get us deemed risky customers and lead to higher insurance premiums. There may not be much we can do about how old we are and where we live, but there are certain factors that impact our premiums negatively which we do have control over. Read on to find out what these factors are and what you can do to stop them from creating a bigger hole in your pocket. Your…

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