What is Double-Dipping a Car Insurance Accident Claim?

What is Double Dipping a Car Insurance Accident Claim?

Some risks are healthy, and everyone should take them. For example, when you risk missing out on something popular so that you can achieve something better. Or if you take a chance at pouring your heart out to someone you love and not hear, “I love you too.” But some risks, like trying your hand at fraud so you can get rich quickly, are not worth it.  This article talks about a temptation many policyholders face – double-dipping car insurance accident claims. Although there are no official statistics to tell…

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State Farm auto insurance claims data shows catalytic converter theft skyrocketing

Auto insurance claims - catalytic converter - hands

Since the start of the pandemic, this type of crime has been taking off at a staggering rate. State Farm has released auto insurance claims data showing that there is a sharp upward trend in catalytic converter thefts that has been taking place since the second half of 2020. Though car theft and car parts theft are nothing new, the trend in this one specific part is. The average households in many US cities have more than one vehicle. As a result, stolen parts have become a valuable black-market item…

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Auto insurance claims involving animals skyrocket in the fall, says Farmers Insurance

Auto insurance claims - Cow on Road

The insurer is reminding drivers to be mindful of this seasonal increase in driving risks. As the fall begins, so does the migration season for many kinds of animals, which unfortunately leads to a rise in auto insurance claims in crashes involving animals on the road. New data by Farmers Insurance showed an increase in 36 percent in claims for those reasons. Farmers Insurance data showed that there is a rise of about 36 percent in comprehensive auto insurance claims involving crashes with animals on the roads during the fall.…

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Factors That Impact Car Insurance Premium Negatively and What You Can Do About It

Car Insurance rates

A number of things affect our auto insurance rates. Some work to our advantage and lead to discounts, whereas others get us deemed risky customers and lead to higher insurance premiums. There may not be much we can do about how old we are and where we live, but there are certain factors that impact our premiums negatively which we do have control over. Read on to find out what these factors are and what you can do to stop them from creating a bigger hole in your pocket. Your…

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Auto insurance premiums skyrocket after a claim

Ohio insurance auto premiums

Ohio drivers only need to make one claim to watch the amount that they pay rise by 35 percent. According to the results of a recent report, after filing only one claim on a policy, a driver in Ohio can expect to see his or her auto insurance premiums jump by an average of 35 percent. This increase in the monthly bill is the 16th highest that was measured among the states. The auto insurance premiums report was issued by Bankrate.com, the parent of InsuranceQuotes.com, which conducted it in the…

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Auto insurance theft claims low for Prius

Vehicle Theft black friday auto insurance claims

According to recent data, thieves seem to avoid this Toyota hybrid vehicle. The National Insurance Crime Bureau has released its statistics related to auto insurance claims for stolen vehicles and has found that the Toyota Prius is rarely targeted by thieves. This popular hybrid vehicle has a very low theft rate Furthermore, the report also showed that even when this vehicle is stolen, it is common for law enforcement to find it quickly and return it to its owner. This can mean good news for the auto insurance premiums that…

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Auto insurance claims regarding deer-vehicle crashes on the rise

Auto Insurance claims on the rise with deer collisions

Adjusters and body shops in North Carolina have been especially busy this season. Although drivers in North Carolina have always needed to remain aware of deer near the roads, this year is proving to be an especially problematic one for auto insurance claims involving collisions between vehicles and the animals. This time of year presents a dangerous combination of hormonal deer and vehicle traffic at dusk and dawn. According to the Charlotte-Mecklenburg Park and Recreation natural resources manager, Chris Matthews, “This is the time of year when the deer get…

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