Arkansas Insurance Department cautions drivers against car policy scam

Arkansas Insurance Department - car - hand - insurance scam

Commissioner Allen Kerr has issued a warning to consumers in the state due to fraudulent policy sales. The Arkansas Insurance Department recently issued a warning to drivers to take care when purchasing an auto insurance policy. There has been a broad rash of fraudulent car insurance policy sales in the state. The fake car insurance is being sold by people posing as agents and are primarily selling at dealerships. According to the Arkansas Insurance Department warning, the fraudulent auto insurance policies are being sold mainly at car dealerships. People pretending…

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Auto insurance customers in Ontario, Canada overpaying by $5 billion

California auto insurance rates - man holding car key

A new Ontario Trial Lawyers Association says policyholders have paid far too much over five years. Ontario, Canada auto insurance customers may have been overpaying by as much as $5 billion on their premiums. This figure accumulated over the last five years, said a new Ontario Trial Lawyers Association report. Claims continued falling as car insurance company profits grew significantly in that time. At the same time that auto insurance customer were making fewer claims, insurers were making more money. In fact, according to the report, insurer profits rose to…

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The average auto insurance customer hasn’t switched companies since 2003

auto insurance premiums

According to recent research, one in every three drivers has not shopped around at all for a policy. A recent study was conducted by insuranceQuotes.com, which has now issued its results in a report that showed that the average American driver hasn’t changed the auto insurance provider covering their vehicle in over a decade. In fact, the average length of time since the last change in insurance companies was 12 years, said the report. Furthermore, about one quarter of all drivers have been sticking with the same auto insurance company…

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Why Bundling Home and Car Insurance is a Smart Move

Not only is it harder work shopping around for separate quotes for your auto insurance and then your home insurance but it could also be costing you more money by buying individual policies .  Many insurance companies offer discounts for loyal customers who choose to give their business to them on several fronts so it is worth checking out to see whether you can save money by bundling.  Why bundling makes sense  When you think it about it, if you went into a store and offered to buy three of…

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Auto insurance for self driving cars – will it be cheaper?

Google driverless cars auto insurance

Many wonder whether or not coverage will be less expensive when vehicles operate themselves. As a small handful of companies, including Google, work on creating driverless or self driving cars, many people wonder what type of impact this will have on their auto insurance rates. Lawmakers in some states are already working on the first set of rules for vehicles that drive themselves. What many prospective future owners are wondering is whether or not this added technology will provide savings on auto insurance policies. Florida, Nevada, and California have all…

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Understanding different types of insurance and their need in emergency

Different types of Insurance

Insurance is a vital constituent of financial safety for any person. As time goes by, individuals start thinking about different ways that they may employ to save their hard earned cash – insurance policies being the most common among them. Insurance provides several benefits, based on the type that is purchased. Life insurance, health insurance, auto insurance and homeowners insurance are some of the common varieties of insurance policies. Insurance certainly serves different purposes and offers benefits for individuals as well as businesses. While a lot of people buy insurance…

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Car insurance savings opportunities that are most commonly missed

Auto Insurance

There are many chances to save on premiums, but many are often overlooked. As the price of gas skyrockets, many people are looking for chances to save on car insurance and other elements of vehicle ownership, in order to lower the cost of driving. However, there are many discounts that could be received, but are frequently missed. Most agents recommend that you go over your policy at least once per year in order to make sure that you aren’t missing out on a number of discounts that could bring you…

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