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

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,…

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North Carolina homeowners insurance rate hike paused for now

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…

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

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…

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Georgia auto insurance rates are headed through the roof yet again

georgia auto insurance news

For the third consecutive year, Georgian drivers will face higher premiums for their coverage. Georgia auto insurance rates are headed skyward once again, making this the third year in a row drivers in the state are paying more. This also makes it the third straight year that Georgia drivers have faced the highest insurance rate increases in the country. For many drivers, this situation has become frustrating but is no longer considered to be surprising. Last year, Georgia auto insurance rates saw the highest increase in personal lines among all…

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Life insurance premiums may soon be selfie-based

selfie life insurance premiums

Facial recognition technology could be used to better understand a person’s overall wellness. Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact, as facial recognition and analysis technology continues to improve, it may one day determine whether or not someone even qualifies for a policy. The reason is that selfies provide a great deal of information about a person’s health and aging. The various details picked up by a selfie, such as drooping skin, fine lines and wrinkles, contours and…

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Are car insurance rates higher in urban minority neighborhoods

Car Insurance rates

A recent study suggests that they are, but the research report has been accused of producing flawed findings. A new car insurance rates study has been published by ProPublica and Consumer Reports. It suggests urban neighborhoods populated primarily by minorities pay higher auto insurance premiums than comparable communities of lower minority populations. However, an insurance industry group has accused the report’s findings of being flawed and misleading. The study used car insurance rates data from California, Texas, Missouri and Illinois. The data was broken down by ZIP code and claims…

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Insurance industry slams Paul Ryan for lack of comprehension

Paul Ryan insurance industry

The internet and social media lit up when the Speaker of the House of Representatives made a strange declaration about health insurance. The insurance industry was shocked by a recent statement from Speaker of the House of Representatives, Paul Ryan. He recently expressed his displeasure with the fact that premiums from healthy individuals are being used to subsidize the premiums of sick people. Social media, particularly Twitter, immediately blew up to inform Ryan that this is how insurance works. The insurance industry – including professionals and consumers alike – took…

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Homeowners insurance industry isn’t impressed with smart homes

homeowners insurance industry, smartphone smart home

Despite the claims device makers have made about improved security, insurers aren’t lowering bills. The smart home device market has led to millions of dollars in sales but has not managed to impress the homeowners insurance industry. Americans have been buying WiFi connected smoke detectors and security cameras in droves. However, home insurance companies aren’t yet convinced that they are worthy of premiums discounts. A traditional smoke detector may bring savings to many homeowners, but more recent gadgets are still unproven. With the average rates across the homeowners insurance industry…

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State Farm insurance rates will soon be slashed, judge’s orders

State Farm Insurance rates Logo And Exterior

California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

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Colorado auto insurance study shows drivers in the state aren’t good

state farm auto insurance losses accident

Motorists in the state are prone to a spectrum of bad habits that make the roads more dangerous. Colorado auto insurance isn’t cheap and for years, people have said the drivers in the state are simply awful. That said, those types of complaints are commonplace in many states. However a recent study has shown that the claims about driving in Colorado may not be wrong. The traffic jams, winter blizzards and potholes in the spring aren’t the only challenge to drivers in Colorado. A new study by QuoteWizard has shown…

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