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
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…
Read MoreAllstate drops below third place in the auto insurance market
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…
Read MoreUninsured driver rate rises across the United States
The number of motorists without auto insurance is increasing, particularly in five states. Almost one in every eight Americans on the road are a part of the current uninsured driver rate, said a new study. This trend is placing insured drivers at an increased financial risk in the case of a collision, said the research. The research was based on the latest information available regarding auto insurance coverage. The Hanover Insurance Group co-sponsored the research. The Insurance Research Council (IRC) directed the study. Thirteen percent of all American motorists were…
Read MoreAuto insurance premiums continue to rise in the U.S.
Falling gas prices bring more drivers to the roads Auto insurance premiums are on the rise in the United States, and this may be due to falling gas prices. Global oil prices have been falling, which has resulted in lower gas prices for drivers in the U.S. As such, many consumers have been traveling more frequently. According to the Maine Turnpike Authority, some 16 million cars passed through tolls this year, which is the highest number of vehicles passing through tolls that the organization has ever recorded. More drivers on…
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