New study reveals 2019 cheapest cars to insure…and the most expensive

Cheapest Cars to Insure - Honda Odyssey Minivan

Consumers looking for the vehicle that will generate the lowest premiums are paying attention. Regardless of your driving record, your risk profile and where you live, the difference between the cheapest cars to insure and the costliest can be staggering. The wrong vehicle choice can skyrocket the amount a driver pays every month in premiums. There are many factors that determine the cheapest cars to insure. While it’s easy to assume that the least expensive vehicles will also be the least expensive to cover, that’s not always the case. Indeed,…

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Daylight Saving Time comes with an hour less sleep and added risks, say insurers

Daylight Saving Time - woman sleeping on table

Insurance companies are reminding consumers to take certain precautions this year. Daylight Saving Time causes many of us to grumble about losing an hour of sleep, but this year, insurers used the date to remind consumers of other potential risks. They are hoping people will take certain precautions to keep themselves, their families and their properties safe. Moving clocks ahead can come with greater hazards on the roads from sleep deprived drivers. Just one hour’s difference from Daylight Saving Time causes traffic accidents to spike every year at this time.…

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Auto insurance will be unrecognizable as self-driving cars flood US roads

Self-driving cars - Vehicle in Tunnel

These automated vehicles will remove 90 percent of the risk associated with driving a car. Self-driving cars may still be at their very earliest uses in certain very specific locations, but the auto insurance industry is already bracing for them. After all, these vehicles will change the nature of the need for coverage. As it appears that a substantial amount of the risk from driving will shrink, insurers are bracing themselves. At the moment, the first wave of self-driving cars come with astronomical premiums. A recent Bloomberg report pointed to…

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State Farm auto insurance rates drop in several states (including the most expensive)

State Farm auto insruance rates - Car on coins

The insurer has announced that drivers in many states will be feeling a bit of relief from their rates. State Farm auto insurance rates are falling in a number of states, including two of the most expensive places to drive in the country. Two states that will experience relief over what they had been paying include Michigan and Louisiana. Michigan drivers – who pay, on average, more than any other motorists in the country – will see an average State Farm auto insurance rate reduction of 3.5 percent. In total,…

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Detroit Mayor Duggan’s auto insurance lawsuit moving to federal court

auto insurance lawsuit - Supreme Court

Mike Duggan’s fight against high premiums has taken its next step upward in the legal system. Detroit Mayor Mike Duggan’s auto insurance lawsuit is still continuing as the fight has now moved to a federal court. The suit has to do with the exceptionally high car insurance rates in Michigan. Drivers in Michigan pay some of the highest car insurance premiums in the entire country. Motorists have been hoping that Duggan’s auto insurance lawsuit would provide them with some relief. The suit was initially filed last year with even state…

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Insurance customer trends show one in three Americans don’t shop again for policies

Insurance customer trends - auto insurance - home insurance - hands

A new survey showed that policyholders in the U.S. don’t re-shop to find better coverage or rates. One out of every three Americans have never re-shopped for a policy, say the results of a new insurance customer trends survey. The research found that almost half of all policyholders who have looked around for a better deal has not done so within the last year. The research was conducted on homeowners insurance and auto insurance customers. American consumers are risking overpaying for their coverage, say the results of a new Policygenius…

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Allstate CEO Tom Wilson says ridesharing will upend the auto insurance industry

Allstate CEO - car insurance

Ride hailing and car sharing programs have changed transportation and are now changing coverage. Allstate CEO Tom Wilson explained that the auto insurance industry should expect some substantial changes due to ridesharing companies. These services have altered the way that vehicles are used so that they are no longer defined by auto products. The interview was reported from CES 2019 by a Cheddar article. In it, the Allstate CEO underscored the change ride hailing and car sharing services have made to personal transportation. That said, traditional auto insurance products don’t…

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