New legislation in Nevada that seeks to provide affordable auto insurance to the poor is facing renewed opposition as it inches closer to being signed into law. Introduced and championed by Assemblyman Kelvin Atkinson (D-NV), the bill intends to establish a low-cost auto insurance program that is tailored for those living below the poverty line. Since the bill’s conception it has garnered support. Now a new wave of opposition is mounting in the Senate against the legislation. Atkinson believes the bill will have a real, if modest, impact on those…
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Why are Michigan car insurance rates highest on average?
According to a new national survey conducted by Insure.com, Michigan is home to the highest average car insurance premiums in the U.S., followed closely by Louisiana and Oklahoma. Insure.com compiled data from six of the largest auto insurance providers in the nation and more than 2,400 vehicles from across 10 zip codes in each state. The company conducts this survey annually and lists the results for all to see on their website. The average yearly premium for car insurance in Michigan rose by $443 according to the survey, up from…
Read MoreA check list of the last 30 days in car insurance news headlines for the U.S.
It looks like 2011 is going to be the year for several states to make all out changes to laws relating to car insurance requirements. Some of the states involved in making changes to existing legislation, are; New York, Oklahoma, and Nebraska. Also, in the car insurance news headlines…several states have decided to raise the minimum liability coverage required. Texas, for instance, has raised the minimum liability limits to 30/60/25. This means $30,000 for each injured person, up to $60,000 per accident. Property damage is staying at $25,000 per accident.…
Read MoreOverall lower auto rates for Californians
California’s median auto insurance rate has decreased by 3.1% according to reports from InsWeb, an online insurance quote database. The decreased occurred over the past year with the national average following a similar pattern and dropping by 5.6% over the same time period. California currently ranks as the 19th most expensive state in which to insure a vehicle in the U.S. The report suggests that Californian males pay more for their auto insurance than women by nearly 7.7%. Drivers aged 19 and younger pay nearly double the rates of any…
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