The winter driving season can be a dangerous one and the increased odds of an accident due to the driving conditions can negatively affect the premiums that are paid for car insurance. According to Tammy Ezer InsuranceHotline.com, “Proper preparation for winter weather and road conditions reduces the risk of an accident and may also earn you a better insurance rate,” so it therefore makes sense to put a little bit of time and money into those preparations in order to save a great deal more of it overall. There are…
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Car insurance: truth, lies, myths, and reality
When it comes to auto insurance, there is a lot of information available, but it’s hard for insurers and customers alike to know what to believe, what is a deception, and what is simply an urban myth. A recent study performed in the United Kingdom by eCar – an eInsurace Group serving more than 28,000 monthly insurance applications – found that women drivers are slightly more likely than men to alter the truth when they submit an auto insurance application. The study also showed that there has been an increase…
Read MoreAgents in Massachusetts push for insurers to discontinue their use of credit score
Independent insurance agents in Massachusetts are looking to bar credit scores from playing a part in the pricing of auto insurance. The Massachusetts Association of Insurance Agents (MAIA) is leading the charge, hoping to gain enough support from the public and insurance companies to ensure that factors like occupation, education and credit score do not contribute to the overall cost of insurance. Unfortunately, a number of prestigious insurance companies have rallied against the proposal. MAIA holds that auto insurance prices should be dependent upon an individual’s driving record, not their…
Read MoreInsurance study shows red light cameras are saving lives
The findings by the institute, which is a nonprofit group funded by the insurance industry, states that in 14 of the largest cities in America, 159 lives were saved during the time-frame of 2004 to 2008 due to red-light cameras. The design of the camera is to capture motor vehicles that are running red lights. Researchers claim if they had been operating in all large cities in America during this time-frame, 815 lives would have been saved. Red-light crashes or T-bone crashes as they are often referred to are some…
Read MoreHow your lifestyle and neighborhood affects your insurance rates
Insurance companies use different software programs and databases to figure out how risky it will be to insure you. If you are considered to be too high of a risk, you may have to pay more. In some cases, your application may even be denied. Insurers use an insurance score that FICO determines from your consumer report history. This score is partially gathered using the data from the major credit reporting companies. Your insurance score is similar to your credit score, but you can’t obtain your insurance score like you…
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