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Michigan auto insurance comes with the highest premiums in the country

April 29, 2015April 29, 2015 Julie Campbell

According to a recent report, drivers in this state are paying far more than those in the rest of the U.S. Drivers in Michigan are not necessarily surprised at the results of an auto insurance data analysis that were recently published by insuranceQuotes.com which revealed that those motorists are the ones paying the highest premiums for their coverage. The state has a history of far more expensive car insurance than the average for the rest of the country. According to the statistics released by the firm, drivers in Michigan are…

Study highlights increasing homeowners insurance costs in New Mexico

March 27, 2015March 26, 2015 Nordstrom

New Mexico homeowners can expect to pay more for their insurance coverage A new study from Insurancequotes.com has shown that those living in New Mexico could expect to be paying more for their homeowners insurance. Summer is coming and that means the beginning of fire and flood season in the state. Fires and floods can cause significant damage to property, as has been seen in the past. These disasters have had an impact on the insurance industry, and those living in risk-prone areas of the state could see their homeowners…

Traffic violations lead to higher auto insurance premiums

February 23, 2015February 21, 2015 S.Vagus

In some states, premiums grow by a significant margin when drivers are hit with traffic violations Moving violations often lead to increase auto insurance premiums, but in some states, the increase is astronomical. A new report from InsuranceQuotes.com highlights the dramatic increase of auto insurance premiums in some states for those that receive driving under the influence (DUI) charges. On average, consumers can expect to pay 92% more for their coverage when they receive a DUI charge, which is the national basis. In some states, however, costs can shoot up…

Auto insurance rates are high in Detroit

September 16, 2014September 17, 2014 S.Vagus

Detroit is home to some of the highest car insurance rates in the country Owning a vehicle in Detroit, Michigan, is quite expensive, according to a new study from InsuranceQuotes.com. The study highlights the cost of auto insurance coverage throughout the U.S., taking note of where insurance rates are highest. Notably, Detroit is home to some of the highest insurance premiums in the U.S. The city’s rates are even higher than those found in New York City, where auto insurance has long been plagued by fraud and other issues. Rates…

Those with bad credit pay more for homeowners insurance

August 19, 2014August 16, 2014 Marc

homeowners mortgage insurance credit score

Study highlights the financial disparity between those with poor credit and those with good credit A new study from InsuranceQuotes.com shows that credit score is having a major impact on the out-of-pockets costs of homeowners insurance in Alabama. Credit is one of the foundational tools that the insurance industry uses to assess risks in any given market. Credit is a gauge of financial risk, allowing the financial service industry to properly assess liability in any given scenario. Poor credit represents a significant risk, which is why those with a low…