Live Insurance News

The average auto insurance customer hasn’t switched companies since 2003

July 22, 2015July 21, 2015 Julie Campbell

According to recent research, one in every three drivers has not shopped around at all for a policy. A recent study was conducted by insuranceQuotes.com, which has now issued its results in a report that showed that the average American driver hasn’t changed the auto insurance provider covering their vehicle in over a decade. In fact, the average length of time since the last change in insurance companies was 12 years, said the report. Furthermore, about one quarter of all drivers have been sticking with the same auto insurance company…

Loyalty may mean consumers are paying more for auto insurance coverage

July 1, 2015June 30, 2015 Marc

Consumers could find less expensive coverage if they switch carriers Loyalty may be costing drivers in terms of auto insurance premiums. Many consumers opt to stay with their insurance provider because they are provided with certain benefits, such as credit toward insurance payments or discounts on other services. This loyalty may not be as beneficial to consumers as they believe, however, and they could find less expensive auto insurance coverage by switching to another insurer, and this may be a greater benefit than the loyalty rewards they are receiving from…

Fewer people are switching auto insurance carriers

May 8, 2015May 7, 2015 S.Vagus

ride sharing auto insurance car traffic california

More consumers are shopping around for coverage, but not purchasing it More people are shopping around for auto insurance coverage, but fewer are actually changing their carriers, according to the latest J.D. Power 2015 U.S. Insurance Shopping Study. Shopping for insurance coverage has become quite easy, with many consumers choosing to do so from their mobile devices. With shopping becoming easier, consumers are beginning to look for alternatives to their existing auto insurance policies, but they may not be buying new policies even if the policies they find are better…

Auto insurance collision data shows daylight saving time boosts accidents

March 10, 2015March 9, 2015 Julie Campbell

An MP report has shown that when the clocks spring forward, drivers are left dozy behind the wheel. Daylight saving time, also known as summer time, has now caused the clocks to “spring forward” in many countries around the world, including much of the U.S. and Canada, and this has caused health and auto insurance news headlines to flare up with controversy, statistics, and discoveries about the impact that the practice has on our society. This trend will occur once again at the end of the month, as many other…

Auto insurance rates in Ontario to drop by 15%

November 26, 2014November 25, 2014 Marc

New legislation will cut the average cost of auto insurance coverage in Ontario, Canada A new law has been passed in Ontario, Canada, that may be good news for drivers throughout the province. The Ontario Legislature has approved a bill that will cut auto insurance rates by an average of 15%. The legislation is expected to go into effect in August 2015 and lawmakers believe that it will help mitigate insurance fraud, thereby lowering the financial pressure on insurance companies offering coverage in the province. Legislation aims to address issues…