Tesla car insurance may be on its way for insuring electric vehicles

Tesla Car Insurance - Tesla EV charging

Elon Musk’s EVs are facing problems on several different levels, causing the automaker to consider insuring. After another one of the company’s cars spontaneously burst into flames earlier this month, Tesla car insurance is likely to become available. The electric vehicle suddenly started burning while parked in a Shanghai garage. This was not the first time such an event has occurred. As a result, Tesla is likely to offer auto insurance to let its customers affordably cover their vehicles. Elon Musk, the company’s CEO brought up the subject of Tesla…

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Detroit Mayor Duggan’s auto insurance lawsuit moving to federal court

auto insurance lawsuit - Supreme Court

Mike Duggan’s fight against high premiums has taken its next step upward in the legal system. Detroit Mayor Mike Duggan’s auto insurance lawsuit is still continuing as the fight has now moved to a federal court. The suit has to do with the exceptionally high car insurance rates in Michigan. Drivers in Michigan pay some of the highest car insurance premiums in the entire country. Motorists have been hoping that Duggan’s auto insurance lawsuit would provide them with some relief. The suit was initially filed last year with even state…

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Insurance customer trends show one in three Americans don’t shop again for policies

Insurance customer trends - auto insurance - home insurance - hands

A new survey showed that policyholders in the U.S. don’t re-shop to find better coverage or rates. One out of every three Americans have never re-shopped for a policy, say the results of a new insurance customer trends survey. The research found that almost half of all policyholders who have looked around for a better deal has not done so within the last year. The research was conducted on homeowners insurance and auto insurance customers. American consumers are risking overpaying for their coverage, say the results of a new Policygenius…

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Task force takes on Louisiana auto insurance rates to improve affordability

Louisiana Auto Insurance Rates - Car - driving

Research shows that drivers in the state pay some of the highest car insurance premiums in the country. Louisiana auto insurance rates are among the least affordable in the United States, according to a recent Insurance Research Council (IRC) study. The study was titled: “Auto Insurance Affordability: Cost Drivers in Louisiana”. That said, the Louisiana High Auto Rates Task Force has been working on the challenge of improving affordability since August. The task force has met several times to address the causal factors and propose solutions to the issues. The…

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Massachusetts auto insurance rates may rise due to legalized pot

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…

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Pedestrian deaths are becoming explosively more commonplace

Pedestrian deaths - Police Car - Police Tape - Accident

An Insurance Institute for Highway Safety report shows a spike of 46 percent in pedestrians killed. Pedestrian deaths have now risen to their highest point in 28 years, according to a new Insurance Institute for Highway Safety (IIHS) report. The IIHS report showed that the more the U.S. increases its arterial roadway use, the more people are killed. Arterial roadways in urban-suburban areas saw a 50 percent spike in deaths at non-intersections. The IIHS report also showed that there was a 56 percent increase in pedestrian deaths when it was…

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Allstate drops below third place in the auto insurance market

Auto Insurance Market - Allstate Drops in the auto insurance market - graph down trend

The car policy provider recently lost significant ground according to recent NAIC data. Allstate has lost its previous coveted spot in the auto insurance market. The insurance company had previously been in third place in the country. That said, the National Association of Insurance Commissioners (NAIC) released data showing the provider’s downward slide. Allstate was the third auto insurance company in the United States but fell to fourth place. The reduction of Allstate’s position in the auto insurance market occurred when its share dropped 0.43 points to control 9.29 percent…

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