Live Insurance News

Factors influencing auto policy premiums are a mystery to most drivers

May 12, 2014May 10, 2014 G. Turner

A recent J.D. Power study showed that many motorists don’t know what will impact their bill. J.D. Power recently released the results of a study that they conducted which showed that the majority of vehicle owners don’t have an accurate understanding of the factors that will cause their auto policy premiums to change. This lack of understanding could be causing these consumers to pay too much for their coverage. At a time in which the cost of an auto policy is already rising in many places, it is important for…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Auto insurance lies are common among parents

February 7, 2014February 4, 2014 G. Turner

One in six are fudging the truth to help their kids to obtain coverage According to the results of new research thousands of parents are committing auto insurance fraud by pretending that they are the primary driver of a vehicle that is actually being used mainly by their student daughter or son. Up to one in every six young drivers are saving money on their coverage through dishonesty. The study was conducted by a website called Gocompare.com. It found that up to 16 percent of younger drivers are reducing the…

Auto insurance survey gives the leaders some time in the spotlight

October 4, 2013October 4, 2013 G. Turner

This latest study took a number of different categories into consideration to show where insurers shine. The auto insurance industry has just undergone another study, this time to help to provide some insight into the way that consumers think about the various insurers offering them coverage. Leading the companies in terms of customer satisfaction was USAA. According to the respondents to the auto insurance survey, one in every four said that they had considered changing their providers at some point during the last year. Among the customers in that category,…

Auto insurance UBI programs gain massive popularity

September 3, 2013August 31, 2013 Julie Campbell

Both insurers and consumers are finding the benefits of pay as you drive coverage to be highly appealing. According to the results of a recent survey, the consumer interest in usage based auto insurance is rapidly climbing, and that it is likely that insurers will take rapid action to take advantage of the appeal that this type of program has to offer. Estimates are now indicating that by 2018, one in every five insurers will offer usage based insurance (UBI). The survey was conducted by Lynx Research Consulting, and it…