Innovative new technology provides new methods of encouraging road safety

Auto insurance industry eyeballs new technology to help with distracted drivers Many people believe that they are safer drivers than the average motorist, but this overconfidence in their ability can actually cause some people to be more dangerous on the roads than their skills require them to be. These individuals often feel that they are very good drivers, but that it is others who are the road users causing accidents. However, true road safety is dependent on the behaviors and decisions of individuals who understand the strengths and limitations of…

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Connecticut lawmakers mull over plan to make license plates transmit insurance information

Proof of auto insurance in Connecticut Connecticut lawmakers are considering a new plan that could make checking for auto insurance coverage easier. The plan would have small transmitters embedded in the license plates of vehicles. These transmitters would be able to send out insurance verification via RFID signals. Legislators believe that this system would be a more efficient way to track uninsured drivers and issue tickets. If the plan is enacted, the state could collect as much as $29 million each year. According to the Insurance Research Council, a non-profit…

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MyDrive Solutions releases smart box technology for insurance telematics

MyDrive Solutions, a company known for its specialty in insurance telematics, has announced its latest technology release to allow insurers to better gauge an individual driver’s risk and therefore set the premiums for coverage accordingly. The company’s launch involves an insurance smart box, which has now been brought to market, called MyDrive Dynamic, which will give auto insurers the ability to collect and use a driver’s behavioral data using the very latest in data capture technology. This can then be used to better understand a driver’s unique risk so that…

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Helpful tips to keep your California auto insurance premiums low

The two most common mars on a motorist’s driving record and that can cause California auto insurance to become more expensive than it needs to be are tickets and at-fault accidents. Though most drivers are worried about increases in premiums over time, there are many things that they can do to help to keep those costs as low as possible. This involves maintaining a driving record that is as spotless as possible, which is beneficial not only for keeping lowered insurance payments, but also to keep you, your passengers, and…

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What to consider when shopping for auto gap insurance

Auto gap insurance, also sometimes known as “totaled insurance” is a form of vehicle coverage that protects the loan amount of your car, SUV, van, or truck, in the case that it should be totaled, so that you will be sure to receive its actual cash value in order to replace it. This form of coverage is virtually always required when a new car is being purchased, as the value of that vehicle depreciates starting the moment that it is driven out of the dealership. Many leased vehicles also require…

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Some drivers may save on auto coverage with “pay-by-the-mile” insurance

A new form of auto coverage, called “pay-by-the-mile” insurance has now been designed to help people to save money on their premiums and to encourage them to drive less and use public transportation more regularly. The way that the coverage works is that drivers who put fewer miles on their vehicles will pay a lower rate for their insurance every month. It places a direct link between their vehicle’s mileage and their insurance plan. The plan is based on an average annual driving distance of 19,000 miles. Though it does…

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Ranking the states by the cost of auto insurance coverage

According to the Insure.com study results, which have only just been released, Louisiana is the state in which it is most expensive to insure a vehicle in the entire country, whereas Maine enjoys the lowest insurance rates in the U.S. The average annual cost of insuring a car in Louisiana is $2,536, whereas in Maine the average cost is only $889. The issues that have been driving the rates higher in many states includes the insurance laws within those states, larger numbers of drivers without insurance, the number of different…

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