Tag: insurance rates

Home Security Systems Can Lower Home Insurance Rates!

Guest Author
home security system and insurance

The question that many homeowners ask is a fairly straightforward one: can home security systems lower home insurance policy rates? The answer to this question is both yes and no as there are a wide range of factors that determine policy rates. Common things such as the type of security system and even the service provider used all have a direct impact on how much you pay and how much you can save. As you can already see, insurance policies are hardly black and white! Having a working burglar alarm…

Read More

How do warnings affect my car insurance rates?

Guest Author

Traffic warnings shouldn’t affect your car insurance, as they usually don’t go on your driving record. Any citation that appears on your driving record may have an impact on your insurance rate; however, getting a warning is just that – a warning and not a violation or citation. In this article, we will highlight everything you need to know about traffic warnings and how they affect your car insurance rates. Why do police officers give out warnings? Police officers are usually faced with a hard choice of either issuing a…

Read More

Harvard twin study reveals impact of environment and genetics on insurance rates

H. Cutner
Insurance Rates - Harvard University

Researchers examined the impact of the environment and genes across 560 common conditions. The results of a new Harvard Medical School (HMS) twin study examined the way different factors affect insurance rates. The research was conducted in conjunction with the University of Queensland in Australia. The method used in order to examine the factors involved in calculating insurance premiums was novel. The researchers used twin data sets provided by Aetna insurance company. That insurer did not provide funding for this study. Instead, the insurance rates research was supported by grants…

Read More

Massachusetts auto insurance rates may rise due to legalized pot

Marc
auto insurance rates could rise from legalized marijuana

Drivers in the state can expect to see rising premiums regardless of whether or not they us marijuana. Massachusetts auto insurance rates are expected to rise across the state as a result of legalized marijuana. This is the case regardless of whether an individual driver actually uses it, say industry experts. Crashes increase in states where the sale of recreational marijuana is legal, says a recent study. According to data from a recent auto insurance rates study, crashes occur more frequently in states allowing recreational pot use, reported the Boston…

Read More

Michigan auto insurance rates are highest of any U.S. state

Nordstrom
Michigan Auto Insurance rates

Newly released survey results show that drivers in the state aren’t wrong about how much they’ve been paying. It shouldn’t come as much of a surprise to know that Michigan auto insurance rates are high. Drivers in the state have been complaining about their premiums for years and lawmakers have made several attempts to alter this situation. A recent survey has confirmed yet again that Michigan drivers are indeed paying more than any other state. The survey confirmed that Michigan auto insurance rates are in fact the highest, on average,…

Read More

North Carolina homeowners insurance rate hike paused for now

Logan B.
Releigh, Capital of North Carolina homeowners insurance rates

The NC insurance commissioner declined the price increase for the moment, but the halt is temporary. A recent request for a North Carolina homeowners insurance rate hike has been declined. This saves state residents from having to pay an average of 18.7 percent more for their home coverage. That said, the reprieve from the increased prices is only a temporary one as the rates will eventually rise. In the state, its commissioner must approve any North Carolina homeowners insurance rate changes. Though the industry requested the rate hike, it was…

Read More

Health insurance premiums and deficit climb with Trump’s mountain of threats

Nordstrom
donald trump health insurance executive order

The Congressional Budget Office released a statement outlining the financial impact if the president goes ahead with his plans. Health insurance premiums for the most popular plans are going to spike by 20 percent in 2018 if President Trump moves forward with his current threats to the Affordable Care Act. This data was released by the Congressional Budget Office. It also said Trump’s plans would harm the federal budget deficits by increasing them by $194 billion. The federal deficit would suffer by nearly 200 billion over the next ten years…

Read More