Tag: Auto Insurance

Usage based insurance clears man of murder charges

Julie Campbell
Progressive usage based Insurance

The device for the man’s auto coverage program helped to prove that he could not have been the culprit. A usage based insurance device used by a man in northeastern Ohio has helped to prove to the courts that he could not have been guilty of the suffocation death of his daughter, who was seven months old. The man was acquitted in a Cleveland court partially because of the data in his UBI device. Michael Beard, 28 years old, was acquitted by a jury of murder as well as other…

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Auto insurance rates in Texas higher in families with teen drivers

H. Cutner
Teen Driver auto Insurance

Parents are paying premiums up to 71 percent higher in the state because of these younger motorists. Parents of teen drivers in Texas are watching their auto insurance premiums skyrocket as they add their adolescent children to their policies, causing them to have to pay an average of 71 percent more than they used to. The parents in the state are finding the family premiums to become suddenly more difficult to afford. When teens are old enough to obtain their driver’s license, it is one of the most important and…

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Auto insurance customer satisfaction falls in US

Julie Campbell
auto insurance europe

A J.D. Power study has shown that policyholders are not as happy with their insurers as they once were. According to the results of a study that was conducted by J.D. Power and Associates, customer satisfaction with American auto insurance companies has fallen in five different categories within the last year. The research showed that policyholders are not expressing the level of satisfaction that they were in 2012. The areas of auto insurance customer satisfaction that were measured by J.D. Power were in policy offerings, price, interaction, billing and payments,…

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Usage based insurance subscribers expected to double

Julie Campbell
usage based insurance auto

Over the next three years, there will be twice as many users of UBI auto policies in the United States and Europe. According to the latest data from Frost & Sullivan, a business consulting firm, sixty percent of large insurers in the United States are already offering usage based insurance telematics programs to provide discounts to their auto insurance customers who are safe drivers. The U.S. is seen as the fastest growing market for this type of coverage technology program. Among those auto insurance companies who are offering this type…

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Auto insurance bill amendment in North Carolina builds angry debate

G. Turner
auto insurance

The industry in the state has been brought to the level of feuding as an old battle is brought back in the light. The internal battle among the auto insurance companies in North Carolina over the ways in which the rates are regulated by the state is back, once again, for a few more rounds in the back rooms and hallways of the legislature. Though the effort to recreate the state regulatory system was lost this spring, its supporters haven’t given up. A coalition of auto insurance companies, FAIR NC,…

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