Live Insurance News

Automobile insurance study shows affordability improvements

December 5, 2013December 3, 2013 Julie Campbell

The research determined that auto coverage has become more affordable for people at all levels of income. A recent study that was conducted by the Insurance Research Council (IRC) has determined that automobile insurance is becoming more affordable and that this trend has been maintained over the last ten years, particularly for individuals within the lower and middle income ranges in the United States. Every state except for six experienced improvements in their affordability from the 1990s to the 2000s. Among all of the states and the District of Columbia…

Report highlights growth of auto insurance rates in the US

November 20, 2013November 19, 2013 Logan B.

Auto insurance rates have been on the rise for the past 25 years The Consumer Federation of America has released a new study highlighting auto insurance rates throughout the U.S. According to the study, auto insurance rates have been on the rise for the past 25 years. The only state that has shown any significant average decrease in these rates has been California. As auto insurance rates continue to rise throughout the country, coverage may be getting too expensive for some drivers to afford. This could lead to many people…

Auto insurance rule compliance for Yellow Cab in Dallas expedited

November 19, 2013November 18, 2013 G. Turner

The city is now accelerating their demands that the taxi company meet the regulations. Following the discovery that Yellow Cab had not actually been following the Dallas auto insurance rules for taxi companies, a spokesperson for the city has announced that they are expediting the process to ensure that this business complies with the regulations for operation. The problem arose when it was discovered that Yellow Cab has been self-insuring, which is against Dallas law. Critics have suggested that Dallas has been deliberately been looking a blind eye to this…

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…