According to a news release issued by the Insurance Information Institute has shown that consumers purchasing auto insurance for the first time, or who are renewing an existing policy, should contact their agent or company rep to ensure that they are receiving the coverage that they need and at the best possible rate. Accomplishing this requires the consumer to educate him or herself at least a little bit about the various coverage options that are available. One of the best ways to obtain this information is simply by asking questions…
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Nationwide Insurance addresses modernization with N.C. Legislative Research Commission
Lee Morton, the regional vice president for North Carolina at Nationwide Insurance addressed the N.C. Legislative Research Commission Joint Study Committee on Automobile Insurance Modernization regarding the improvement of rate systems. He talked about the competitive, strong, healthy, diverse, and low-cost system for auto insurance that is already present within the state and identified concerns about the impact that changing the system could have on the state’s motorists. Morton explained that the insurance system in the state is currently fair to all motorists and provides consumers with protection against rate…
Read MoreResearch ranks auto insurance premiums by state and finds uninsured increase costs
An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…
Read MoreTravelers of Massachusetts unveils New Car Discount program for reduced insurance costs
Travelers of Massachusetts has announced that in response to the increase in new purchases – which, according to the Massachusetts Registry of Motor Vehicles, is expected to beat the 310,547 purchased last year by 7 percent – it is launching the New Car Discount. This will help the residents of Massachusetts who have purchased new cars to obtain greater savings on their auto insurance. In fact, drivers with new vehicles – that is, those that are less than three years old – will be able to use it to obtain…
Read MoreAuto insurance based on mileage, IntelliDrive, can offer greater savings to drivers
Recent data has been suggesting that a growing number of consumers are attempting to save money by reducing the amount of driving that they’re doing. Though the main reason for this is to decrease the amount of gas that is used, and lower the amount of maintenance needed on the vehicle, Travelers is now offering another incentive to customers to keep their mileage down. The new IntelliDrive insurance product rewards low-mileage drivers with discounts of up to 5 percent at the time of enrollment, and an additional discount of up…
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