Are car insurance rates higher in urban minority neighborhoods

Car Insurance rates

A recent study suggests that they are, but the research report has been accused of producing flawed findings. A new car insurance rates study has been published by ProPublica and Consumer Reports. It suggests urban neighborhoods populated primarily by minorities pay higher auto insurance premiums than comparable communities of lower minority populations. However, an insurance industry group has accused the report’s findings of being flawed and misleading. The study used car insurance rates data from California, Texas, Missouri and Illinois. The data was broken down by ZIP code and claims…

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Factors influencing auto policy premiums are a mystery to most drivers

expensive auto insurance policy car

A recent J.D. Power study showed that many motorists don’t know what will impact their bill. J.D. Power recently released the results of a study that they conducted which showed that the majority of vehicle owners don’t have an accurate understanding of the factors that will cause their auto policy premiums to change. This lack of understanding could be causing these consumers to pay too much for their coverage. At a time in which the cost of an auto policy is already rising in many places, it is important for…

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Auto insurance rates are headed up due to claims and litigation

Louisiana Auto Insurance rates

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…

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Auto insurance requirements set to rise in Arizona

arizona auto insurance

Arizona lawmakers aim to raise the insurance requirements for the states drivers The minimum level of auto insurance coverage is about to rise in Arizona. A new legislation has been introduced that would require drivers to purchase additional coverage and pay higher rates. The legislation seeks to mitigate the risks that exist in the state. The minimum auto insurance level has not been changed for the past 42 years and lawmakers suggest that the current insurance requirements are no longer adequately protecting the state’s residents from accidents and other issues.…

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Don’t Let Insuring Your Teen Driver Break the Bank

Teen Drivers

Teen driver insurance information for every parent. One of the most exciting and terrifying moments for any parent comes the first time you hand your teen the keys to the family car and watch them drive away alone.  You trust your child, and you’ve either taught them well or hired a professional to do so.  Still, there may not be anything quite as scary as the moment when those taillights disappear from view. Having a solid automobile insurance policy for your teen driver is more than just a good idea. …

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Auto insurance consumers feel the pain of whiplash in their wallets

auto insurance whiplash cost

The largest insurer in the United Kingdom has revealed the cost of the condition on monthly premiums. Aviva, the U.K.’s largest auto insurance company, has just revealed the impact that whiplash claims have on the monthly premiums paid by policyholders, showing that they pay an average of £118 more per year as a result of that issue, alone. The insurer has also stated that it believes that handling claims directly could reduce costs by £1.5 billion. According to the auto insurance company, since October 2008, premiums have increased by 80…

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Auto insurance customers happier with their coverage

J.D. Power and Associates Award

J.D. Power and Associates study has shown that drivers are more satisfied with their policies. The results of a J.D. Power and Associates survey have just been released, indicating that American drivers are feeling increasing satisfaction with their auto insurance, even following massive storms such as Isaac and Sandy. In fact, the report showed that policyholder satisfaction rose by six points since 2011. This is according to the first data that was released from the 2013 U.S. Auto Claims Satisfaction Study, auto insurance customers are feeling a growing amount of…

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Agents concerned of GM free MetLife insurance offer

Independent insurance agents in the Pacific Northwest have been voicing their apprehension over a promotion made by General Motors that offers auto buyers in the area a year of free MetLife Auto & Home liability and damage coverage.  In an effort to encourage more drivers in Washington and Oregon to purchase new GM vehicles, the auto manufacturer has announced that until September 6, when customers in those two states purchase a new 2010, 211, or 2012 car, crossover, or truck, they would also receive a free year of MetLife Home…

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Chubb Insurance Group expands coverages for auto policies

The Chubb Group Insurance will be adding to, and expanding, aspects of their automotive policies. Customers in four states can now take advantage of pet coverage that was added to their auto policies. The additional coverage will help to pay for medical treatment the pet may require if it is in the vehicle when the owner is involved in an accident. The Chubb Group is also raising the limit on loss-of-use coverage, and broadening the lease (GAP) coverage. Additionally, they are adding replacement cost coverage on new vehicles; if an…

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