Google is pulling out of the insurance industry, for now

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Google will be closing down its insurance comparison website within a month Google has announced that it will be shutting down its Google Compare insurance comparison site. This may be a reflection of Google’s intention of selling financial products, such as auto insurance coverage. Google Compare has been operating in the United Kingdom for three years and the company had planned to bring the service to the United States in the near future. The site allowed users to compare prices on auto insurance coverage, but the site was never to…

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Self-driving cars could lead to lower auto insurance premiums

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Insurance premiums could fall significantly due to automated vehicles Self-driving cars could help save motorists money on auto insurance coverage, according to insurance startup Metromile. The company has released a new report that suggests that drivers could save as much as $1,000 a year on coverage due to automated vehicles. These cars could cost as little as $250 a year to insure, and they may serve as a disruptive force for the auto insurance industry in the coming years. Self-driving cars are not subjected to human error in the same…

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Google self-driving car involved in yet another accident

Driverless self-driving car Google auto insurance

The vehicle was rear-ended by another driver that had supposedly been driving while distracted. It looks as though the Google self-driving car road tests are not being blessed with all that much luck, as yet another one has now been involved in a crash as it was rear ended by another vehicle while it had been stopped at a red light. Only weeks after being rear ended twice while being stopped at a light, it has now happened again. A few weeks ago, the Google self-driving car made a report…

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Is homeowners insurance Google’s next move, following its Nest announcement?

google nest cam homeowners insurance

The new security cameras could represent an important new step into this market for the company. There hasn’t been very much news about Nest since Google acquired in for $3.2 million back in January 2014, but now it is being seen as Google’s first step toward a larger homeowners insurance play as the smart gadgets company announces some new devices. Though the company is best known for its “learning thermostat” it is home cameras that are now being watched. Nest has now held its first press conference in order to…

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Google is making a move into the auto insurance sector

Driverless self-driving car Google auto insurance

Driverless cars could have a major impact on the auto insurance market Self-driving cars are coming and that may change Google’s position in the auto insurance space. Recently, Google launched its insurance rate comparison service in the U.S. Called Google Compare, this service has been operating in the United Kingdom for some time, representing quotes from 124 insurers in the country. The UK government has already approved the testing of driverless vehicles on public roads, but U.S. regulations are still somewhat restrictive. These vehicles could have a significant impact on…

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Self-driving cars could lead to the end of the auto insurance industry

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Automated vehicles could be a significant risk for insurers, but not in the traditional sense Automated driving could place the auto insurance industry at risk, at least to some degree. Self-driving cars are already a reality, but such vehicles are currently only available for testing purposes. These vehicles are praised as being safer than their conventional counterparts, largely because they are not operated by humans. Human error is the leading cause of most car accidents, and removing people from the driving equation could have a major impact on the auto…

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Google Wallet makes insurance news with FDIC coverage

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The mobile payments solution from the search engine and tech giant now has government protection. Google Wallet, a smartphone based payment solution has now just become a little bit safer for customers in the United States who would like to ensure that their funds are secure, as there is now insurance news showing that government coverage will be protecting them. The Federal Deposit Insurance Corporation (FDIC) will now be providing coverage to funds held in the mobile wallet. A report recently published by Yahoo Finance announced this insurance news, in…

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Google launches auto insurance comparison service

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New service aims to help users compare auto insurance quotes Google has launched a new service that may help it break into the auto insurance sector. The service is called Google Compare for Auto Insurance and will allow users to compare insurance quotes offered by 14 different coverage providers. Google’s new service is restricted to California currently, but the company may expand the service if it proves successful and popular enough among consumers. If successful, the Google Compare for Auto Insurance service could be a disruptor for the auto insurance…

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Google insurance shopping site to launch in California

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The internet giant has now finally announced the beginning of its long awaited and expected website. The industry in the U.S. has been antsy to see what the start of the Google insurance offerings would bring to the shopping experience, and the wait has finally come to an end, as the internet giant has revealed that it will be launching its website, to start, in California. A U.S. version of the company’s Google Compare auto insurance comparison and policy shopping site will soon arrive. That service launched in the U.K.…

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Google insurance sales online may be tougher than expected

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Overstock CEO Patrick Byrne predicts greater challenges for the internet giant than had possibly been predicted. The Google insurance news was enormous when the internet giant announced that it would be stepping into sales in that market, earlier this year, but it could be that it will be facing larger challenges than had been predicted. It could be that the massive search engine company may find itself facing similar struggles to other comparison sites. Comparison sites have been nervous as they wonder if all of their hard work would be…

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