When voters in California head to the ballot in November, they will also face the issue of a discount initiative for auto insurance, called the 2012 Automobile Insurance Discount Act, which was over 99 percent funded by the chairman of Mercury Insurance. The initial sponsorship for the proposal was from the American Agents Alliance, a trade group. This initiative would allow motorists who change their insurers to obtain a discount if they have already had insurance on their vehicles. The proposal had received nearly 505,000 signatures (a random sample of…
Read MoreTag: discount car insurance
Auto insurance based on mileage, IntelliDrive, can offer greater savings to drivers
Recent data has been suggesting that a growing number of consumers are attempting to save money by reducing the amount of driving that they’re doing. Though the main reason for this is to decrease the amount of gas that is used, and lower the amount of maintenance needed on the vehicle, Travelers is now offering another incentive to customers to keep their mileage down. The new IntelliDrive insurance product rewards low-mileage drivers with discounts of up to 5 percent at the time of enrollment, and an additional discount of up…
Read MoreMercury Insurance shows their approval for newly proposed auto discount in California
Mercury General Corp. has just announced its support of an auto insurance initiative comparable to last year’s Proposition 17, which was turned down by voters in June 2010. Supporters of this initiative are thrilled with Mercury’s backing, and are hoping that this second effort will make the difference. Insurance trade group, American Agents Alliance’s executive director, Mike D’Arelli, submitted the proposed initiative’s summary to the California attorney general’s office; taking the first step toward a vote on the initiative. Mercury had previously been a supporter of Proposition 17, having spent…
Read MoreCalifornia Car Insurance: Sequoia offering new “Pay As You Go” insurance plan
Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…
Read More