New auto insurance law in Oklahoma set to impact the insurance industry

A new law regarding auto insurance is set to take effect November 1 in Oklahoma. Farmers Insurance, the state’s largest auto insurance company, has taken this opportunity to remind drivers of the law and how it will affect them. The law – Senate Bill 272 – will introduce new requirements for auto insurance and stricter penalties for drivers without insurance or those underinsured. Farmers notes that the law will likely benefit consumers as a whole, but may make changes to existing policies. The law will reduce the amount of money…

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Why are Michigan car insurance rates highest on average?

According to a new national survey conducted by Insure.com, Michigan is home to the highest average car insurance premiums in the U.S., followed closely by Louisiana and Oklahoma. Insure.com compiled data from six of the largest auto insurance providers in the nation and more than 2,400 vehicles from across 10 zip codes in each state. The company conducts this survey annually and lists the results for all to see on their website. The average yearly premium for car insurance in Michigan rose by $443 according to the survey, up from…

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Oklahoma in not “OK” with driving while texting

The Oklahoma Senate recently approved the Senate Bill 146 with a vote of 32 to 9, with the bill now making it illegal for drivers to text while they are driving. The bill was authored by Senator Jerry Ellis, D-Valliant who says that this addresses not a new problem but rather, a growing one. He further claims that the public is the one seeing that texting while driving indeed leads to greater chances of encountering accidents. While an inexperienced teen driver has more of a chance of meeting up with…

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