Live Insurance News

Auto insurance industry may shift due to new Virginia Tech study

April 24, 2013April 23, 2013 Marc

Auto insurance receives new information concerning accidents from Virginia Tech The Virginia Tech Transportation Institute has released the results of a new study concerning car accidents and their contributing factors, as well as how these factors impact the auto insurance sector. The auto insurance sector, as well as others in the insurance industry, is constantly in a state of fluctuation. Insurers are persistently working to adapt to any changes that emerge in the market in order to provide comprehensive coverage priced at a competitive rate with coverage being offered by…

Auto insurance highest in Louisiana yet again

April 23, 2013April 30, 2013

The latest comparison of rates among the states has held the state as the most expensive, once more. According to the latest statistics from Insure, a comparison of the average auto insurance rates in March have shown that Louisiana drivers pay the highest amounts in the entire country. The next state after Louisiana in terms of the highest expense for coverage was Michigan. Louisiana drivers pay an average annual auto insurance rate of $2,699, while Michigan motorists pay an annual average of $2,520. In third place was Georgia, where the…

Auto insurance prices vary widely from one state to the next

March 21, 2013March 19, 2013 H. Cutner

The states that have the most and least expensive premiums have been revealed by a recent study. It is no mystery that where a driver lives will have a notable influence over what he or she will pay for auto insurance coverage, but a recent study has now identified the states that have the most and least expensive coverage, and there is a vast difference between them. Even with a perfect driving record, location of residence can play a tremendous role in what is paid. For instance, in Louisiana, drivers…

Auto insurance survey shows drivers would take breathalyzer for discount

March 15, 2013March 14, 2013 G. Turner

Motorists would be willing to prove their low alcohol levels in order to lower their premiums. A new auto insurance survey has shown that most drivers would be willing to install a breathalyzer in their car to prove to their insurers that they aren’t driving after drinking, in exchange for a discount on their premiums. Almost two thirds of the survey respondents said they would be willing to add this feature to their vehicles. The survey also showed that the number of people willing to install a breathalyzer in their…

Auto insurance basics remain a mystery to 68 percent of drivers

March 13, 2013April 30, 2013

Nearly one third of all motorists could not correctly answer a multiple choice survey about their coverage. The results of a recent survey of American drivers have just been released and they have revealed that only 32 percent of motorists have an understanding of the basics of auto insurance. The questions that were asked involved the very basic details regarding vehicle coverage. The survey’s questions asked about the difference between collision and comprehensive auto insurance, the purpose of gap coverage, and other details that are considered to be quite basic…