Thai uninsured drivers now have a unique affordable auto insurance policy option

Uninsured Drivers - Driver - Steering Wheel

Thaivivat and AIS partnered to attract these motorists with coverage exclusively while driving. Thaivivat, an insurance company in Thailand, has partnered with telco AIS to draw uninsured drivers in the country. The idea is to provide a type of coverage that is affordable through a unique product that is a first of its kind in the world. This auto insurance coverage is unique in that it applies only when the vehicle is in operation. This program to appeal to uninsured drivers is the first on the planet that automatically covers…

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SeaWorld parking lot flooding leaves guests with auto insurance nightmare

SeaWorld Parking Lot - Orca jumping at SeaWorld

Last month, a number of guests experienced flooded cars from a sudden Orlando downpour. A number of unlucky park guests returned to the SeaWorld parking lot after their visit in July only to find that they had an auto insurance struggle on their hands. Part of the lot had flooded, damaging their cars and the contents of those vehicles. Only now are they discovering what insurers will provide. The vehicle owners have been informed that they need substantial evidence to prove the cause of the damage. The vehicle owners who…

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Top US cities for speeding tickets identified in recent report

Speeding tickets - Fast Car

A new Insurify study revealed the top 20 cities across the country where speeders tend to drive. Driving over the speed limit is far from a rare occurrence in most cities, but new data regarding speeding tickets has pointed to the cities where it happens most. There isn’t a driver on the road who hasn’t seen another vehicle go zipping by above the marked limit. The Insurify study didn’t take into account the reason for the excessive speed. That data was not available for analysis. The recipients of the speeding…

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Tesla insurance is “not an easy business”, warns Warren Buffett

Tesla insurance - Warren Buffet at 2015 SelectUSA Investment Summit

The Berkshire CEO has pointed to past failures of the industry to try to get into selling coverage. Warren Buffett, CEO of Berkshire Hathaway and investing guru to millions has knocked Elon Musk’s idea to launch Tesla insurance. Buffett is seen as an expert in the insurance industry as Berkshire Hathaway thrives within it. Musk recently announced that his electric vehicle company will launch its own Tesla insurance coverage, as reported by Live Insurance News at the end of April. This was, to a large extent, a response to what…

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Tesla car insurance may be on its way for insuring electric vehicles

Tesla Car Insurance - Tesla EV charging

Elon Musk’s EVs are facing problems on several different levels, causing the automaker to consider insuring. After another one of the company’s cars spontaneously burst into flames earlier this month, Tesla car insurance is likely to become available. The electric vehicle suddenly started burning while parked in a Shanghai garage. This was not the first time such an event has occurred. As a result, Tesla is likely to offer auto insurance to let its customers affordably cover their vehicles. Elon Musk, the company’s CEO brought up the subject of Tesla…

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Uber liabilities means the rideshare company “depends heavily” on insurance coverage

Uber liabilities - Uber app

The firm is on its way to its initial public offering and would not have reached this place without policies. Uber liabilities are widespread due to the very nature and size of the company. As it comes closer to its initial public offering (I.P.O.), many are recognizing that insurance coverage was integral to its success. The rideshare company is seeking to raise $10 billion along the way to its initial public offering. Uber Technologies Inc. openly acknowledges that it wouldn’t have been possible for it to reach this point without…

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New study reveals 2019 cheapest cars to insure…and the most expensive

Cheapest Cars to Insure - Honda Odyssey Minivan

Consumers looking for the vehicle that will generate the lowest premiums are paying attention. Regardless of your driving record, your risk profile and where you live, the difference between the cheapest cars to insure and the costliest can be staggering. The wrong vehicle choice can skyrocket the amount a driver pays every month in premiums. There are many factors that determine the cheapest cars to insure. While it’s easy to assume that the least expensive vehicles will also be the least expensive to cover, that’s not always the case. Indeed,…

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