Live Insurance News

New Jersey auto insurance is once again found to be most expensive

March 27, 2015March 25, 2015 Julie Campbell

A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…

Traffic violations lead to higher auto insurance premiums

February 23, 2015February 21, 2015 S.Vagus

In some states, premiums grow by a significant margin when drivers are hit with traffic violations Moving violations often lead to increase auto insurance premiums, but in some states, the increase is astronomical. A new report from InsuranceQuotes.com highlights the dramatic increase of auto insurance premiums in some states for those that receive driving under the influence (DUI) charges. On average, consumers can expect to pay 92% more for their coverage when they receive a DUI charge, which is the national basis. In some states, however, costs can shoot up…

Are roundabouts bringing good auto insurance news to the United States?

November 5, 2014November 4, 2014 Julie Campbell

Many are asking whether or not they are helping to decrease the rate of accidents in the country. Every year, cities throughout the U.S. have been receiving requests to help to reduce street traffic congestion and safer, and among the requests that are receiving attention in insurance news are those that request the use of “roundabouts.” There are many who feel that the roundabouts that have gone up in their areas have made a difference. Roundabouts are quite commonplace in many countries around the world, particularly in Europe, and in…

Auto insurance is too expensive for low income drivers, study

October 7, 2014October 7, 2014 H. Cutner

Research conducted by the Consumer Federation of America has shown that this coverage is tough to afford. A recent report has been issued by the Consumer Federation of America (CFA), which reveals that the vast majority of Americans (76 percent), feel that minimum liability auto insurance coverage for under $500 per year is a fair amount to pay, and 40 percent believe that drivers should have to pay an amount under $250 per year. That said, the five largest vehicle insurance companies in the United States do not offer that…

Auto insurance pricing “scheme” warning issued by Consumer Federation

September 10, 2014September 10, 2014 G. Turner

A leading consumer advocate is cautioning Americans regarding the importance of shopping around. Many American drivers have held a policy with the same auto insurance company for many years and while they know that they would likely be able to save a little bit on premiums by shopping around, they often remain loyal to the same company for one reason or another. The Consumer Federation of America has warned that there is a high price that can come with loyalty. According to the alert that was recently issued by the…