Live Insurance News

LexisNexis US Auto Insurance Trends reveals pandemic’s impact

May 12, 2021May 11, 2021 G. Turner

Auto insurance trends - Cars with break lights

The market was affected by dangerous driving increases, shopping volatility, fewer claims and policy renewal delays. LexisNexis Risk Solutions recently released its 2021 US Auto Insurance Trends report, which examined a spectrum of data revealing the directions certain activities are taking in this market. The report helps insurance carriers to better understand their evolving landscapes. In the 2021 US Auto Insurance Trends report, there was an analysis of the 2020 data, which provided insight into the impact of the COVID-19 pandemic on this industry. This included measures of change in…

AAA and IBA work together to promote roadside safety

May 11, 2021May 10, 2021 H. Cutner

Roadside safety - Tuck and car on the side of the road

The American Automobile Association and the Illinois Broadcasters Association have teamed up. The American Automobile Association (AAA) and the Illinois Broadcasters Association (IBA) have joined forces in a new roadside safety effort. Their goal is to increase awareness of the risk and encourage drivers to slow down and move over. The strategy the AAA and IBA are hoping to achieve is to remind motorists to “do the right thing” for roadside safety. By slowing down and moving over, they improve the chances of avoiding unnecessary tragedies on the side of…

5 Ways Young Drivers Can Lower Car Insurance

May 10, 2021 Guest Author

It’s exciting to finally get that driver’s license and have the freedom to get in the car and go. But one thing that stops a lot of new drivers in their tracks is the high cost of car insurance. Parents and young drivers may get quite a shock when they see the next insurance bill. Going without insurance as a young driver just isn’t an option — it could result in fines, a suspended license, or even a terrible, costly accident. Young drivers shouldn’t despair, though. There are a few…

Auto insurance comparison habits ignored brands during pandemic: study

May 6, 2021May 5, 2021 G. Turner

A J.D. Power study showed that consumers weren’t interested in specific brands. Though auto insurance comparison shopping was a common activity during the COVID-19 pandemic, consumers were typically uninterested in specific brands, said the results of the J.D. Power 2021 U.S. Insurance Shopping Study. Over half of consumers didn’t do any price comparing at all throughout the majority of the pandemic. The survey revealed that 54 percent of consumers didn’t try auto insurance comparison shopping for the purpose of improving their premiums during the pandemic. Of the 46 percent who…

Study shows insurance shopping saved Americans 76%

May 3, 2021May 5, 2021 Nordstrom

A ValuePenguin.com survey showed that people who put in a few minutes of research notably saved. Many consumers who practice good insurance shopping habits ahead of purchasing a policy or before renewing an existing one know that rates aren’t the only factor worth considering. However, at the same time, a recent survey showed that American consumers who put in 15-30 minutes of time to compare policies were able to save money on their monthly premiums. These study findings suggest that there is a lot to be said about comparing rates…

State Farm rates are headed higher for drivers shortly after reductions

April 29, 2021April 28, 2021 Nordstrom

The auto insurance rates were recently cut but are now headed for an increase in some states. Shortly after State Farm rates were cut for motorists across the country, some auto insurance customers will now be seeing higher premiums on their monthly bills. Only months after the last decreases it issued for auto insurance, the insurer has received a hike approval. The increases were requested in certain states. For instance, Louisiana recent approved of the request for a State Farm rates increase. The insurer is now increasing its rates by…

Dairyland Insurance to plant 72,000 trees in Arbor Day Foundation partnership

April 26, 2021April 23, 2021 Marc

The auto and motorcycle insurer’s goal is to help with forest restoration across the country. Dairyland Insurance has partnered with the Arbor Day Foundation in a forest restoration project that will plant 72,000 trees in the United States. The insurer is hoping the initiative will encourage its customers to choose paperless billing. We recently reported on the insurer’s California insurance news as a provider of motorcycle insurance in the state. Now, it is hoping to encourage its customers to choose paperless billing options by drawing attention to the issue of…

Category: Auto Insurance