Will State Farm lose its US auto insurance dominance to Geico?

US Auto insurance - Hands and car

If current trends continue, the United States will have a new top vehicle insurer by 2022. For decades, State Farm has held onto the top spot among US auto insurance companies. That said, if recent trends keep up as they have been, it won’t be long before it loses its crown to a much younger rival. State farm has suffered business losses as a result of several steep rate hikes in recent years. The leader in US auto insurance has suffered steep losses after a spectrum of notably large rate…

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Farmers broadens coverage to include Uber driver insurance in many states

Uber Driver Insurance - Uber on mobile phone

The insurer recently boosted its relationship with the ride share program in 14 states and D.C. Farmers Insurance recently announced its coverage expansion and will now sell Uber driver insurance. This further strengthens the relationship between the insurer and the ride hailing company. The new unique auto insurance coverage is available to 2 existing states, 12 new ones and D.C. Farmers’ Uber driver insurance is being sold in 12 more states than it already was, as well as Washington D.C. Beyond the District of Columbia, the ride hailing company’s drivers…

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Insurance companies remind customers about New Year’s safety

New Year’s Safety - Fireworks

Use the following tips to make sure you ring in 2020 with joy and fun, so nobody gets hurt. It’s hard to believe that 2019 is nearly over, but as midnight rapidly approaches, insurance companies are reminding customers about simple New Year’s safety tips to keep everyone from harm. Whether you’re watching the ball drop from your couch or heading to a party, be sure to do it safely. Regardless of whether you’re staying in, hosting, or heading out on the town, the right New Year’s safety precautions will make…

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Allstate intends to phase out Esurance auto insurance brand

Esurance Auto Insurance - goodbye sign

The insurer has revealed its plans to hang up the brand eight years after having first acquired it. Eight years after purchasing Esurance auto insurance and homeowners coverage, Allstate has decided to divest itself of the brand. According to Allstate’s chief exec, Tom Wilson, the insurer is making the preparations necessary to say goodbye to the brand. The insurer has decided to continue the sale of the policies while phasing out the brand name. Allstate will still be selling the same home policies and Esurance auto insurance coverage the brand…

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GEICO Insurance issues advice to drivers for the holiday season

GEICO Insurance - Driving on winter roads

The auto insurer is reminding drivers of the importance not to rush while on the road. GEICO Insurance has issued an official notice to the drivers it covers, reminding them of the importance of slowing down and driving safely even at this busy time of year. The insurer is urging motorists to remember what is truly important during the holidays. Throughout the end of November and all the way through December, many of us are rushing around trying to make sure our holidays will be the best ones yet. Whether…

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$500,000 care insurance fraud ring suspects arrested in California

Car Insurance Fraud Ring - damaged car

Four suspects have been arrested in this case for reportedly scamming insurers out of half a million dollars. Investigators in California have arrested four suspects for their alleged involvement in a car insurance fraud ring. Their alleged activities cost scammed insurers $500,000 until they were found out by the California Department of Insurance, San Diego County District Attorney’s Office, and the California Highway Patrol. The four arrests were made earlier this month following a substantial investigation into the scam. According to reports, the car insurance fraud ring involved dealers buying…

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Michigan auto insurance reform cuts injured driver fee by 55 percent

Michigan auto insurance reform - car accident

The MCCA intends to reduce its assessment for certain drivers with no-fault reform law implementation. New Michigan auto insurance reform will reduce injured driver fee as of July of next year with the implementation of new law. The Michigan Catastrophic Claims Association will be cutting down assessments for some motorists. The Michigan Catastrophic Claims Association (M.C.C.A.) intends to cut back its assessment for motorists who keep up unlimited medical coverage for injuries in car crashes. This reduction will take the assessment down from $220 to $100 per vehicle and it…

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