Scooter insurance may not be included in your home or auto policies

Scooter insurance - people riding electric scooters

Those enjoying one of these convenient electric devices may want to be aware of their coverage. Scooter insurance – or the lack thereof – is a rising concern now that these electric devices are increasing in popularity. Of course, it’s not necessarily their popularity that is leading to the concerns. Instead, it is the rise in traffic accidents, head injuries, and even fatalities associated with adding them to traffic. Many riders don’t realize that their electric mobility option may not be covered under their insurance. Electric scooters are taking off…

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Porsche auto insurance rolling out in two states

Porsche auto insurance - Porsche logo

Some of the automaker’s customers now have the opportunity to purchase coverage directly. Illinois and Oregon luxury car drivers will be able to cover their vehicles with Porsche auto insurance. The automaker has announced the launch of its new policies to cover customers driving its vehicles. The car insurance is initially launching in two states for vehicles manufactured after 1981. The Porsche auto insurance policy will be available to owners with vehicles made in 1981 or after. It will be a mileage-based coverage for vehicles based in Illinois and Oregon…

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Michigan auto insurance law does not guarantee drivers savings, says official

Michigan Auto Insurance Law - Driver - Steering Wheel

Motorists have been hopeful that the much-needed changes would make a difference, but it’s not assured. Drivers have been waiting for a new Michigan auto insurance law to help control high and rising premiums in the state. However, according to one official, motorists should not consider the savings to be guaranteed. The personal injury protection (PIP) system has made Michigan rates the highest in the country. The new Michigan auto insurance law does not provide any new assurances that the extra costs from additional required liability coverage would be offset…

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Tesla insurance still slated to move forward after delay, says Musk

Tesla Insurance - Tesla Charing Station

Elon Musk spoke at the company’s annual shareholder meeting, addressing his previous coverage claims. CEO Elon Musk spoke at his company’s annual shareholder meeting, addressing the topic of the Tesla insurance he’d previously promised to drivers of the automaker’s electric vehicles. Musk insists that the electric vehicle insurance product is still in the works, only delayed. Musk explained that the Tesla insurance product would become available after an unspecified acquisition is completed. He also pointed out that additional software was in development. The Tesla electric vehicle insurance would become available…

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Does bad credit affect car insurance rates?

credit car insurance rates

If you’ve got bad credit you may be worried about how it affects a number of things you apply for. When you think of applying for things that need a credit check you may automatically think of things such as car finance, credit cards, mobile phone contracts or mortgagees. But have you thought about how your credit rating affects your car insurance premium? Refused Car Finance are bad credit car finance specialists who help people get car finance even if they have bad credit. They explore whether bad credit affects…

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Mercury Insurance ordered to pay $27.5 million in fines

Mercury Insurance - Lawsuit - Gaval

A California appeals court has ruled in favor of reinstating the penalties against the insurer. In California, a state appeals court has reinstated a fine of $27.5 million in penalties against Mercury Insurance Co. The ruling from earlier this week was the outcome of a case accusing the insurer of charging illegal broker fees. The auto insurance company charged illegal broker fees in 180,000 transactions with its customers. The fees were charged to customers from 1999 through 2004. The fines against Mercury Insurance were originally imposed by the California Department…

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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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