A recent study is making insurance news as it indicates that the cost of collisions has now added £1.3 million worth of damage to cars – A cost which must eventually be paid through the premiums of policyholders. Moreover, the study showed that only 1 in every 6 drivers said that they would leave their insurance information for the damaged car owner, and among them, 45 percent said that they would do so only if it looked like the damage was serious. Most of the careless parking incidents appeared to…
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Super Bowl party hosts should review their insurance ahead of the game
Though many hosts of Super Bowl parties think that the main thing they need to remember is to have enough to eat and drink, there is one thing that they may be forgetting, which is to review their insurance so that they know who is responsible should their guests drink and drive. According to the Insurance Information Institute (I.I.I.) as the host of a party, it is not only considered to be appropriate and thoughtful to guests to make sure that guests who will be drinking can either stay over…
Read MoreHighway Loss Data Institute study results show hybrid cars safer in accidents
The results of an insurance institute study have been released, showing that hybrid vehicles have a safety level that is 25 percent higher for drivers and passengers than traditional cars in the case of an accident. The study also showed that they are more dangerous when pedestrians are involved in the accident. Hybrid vehicles operate on both internal combustion and electric motors. The Highway Loss Data Institute (HLDI) report showed that as their batteries increase their weight by an average of 10 percent, hybrid cars have an extra level of…
Read MoreCustomers who have made total auto claims are becoming less satisfied with their insurers
The 2011 U.S. Auto Claims Satisfaction Study performed by J.D. Power and Associates has shown that insurance customers who make claims for a total vehicle loss are significantly less likely to be satisfied with the experience provided by their insurer than those who make claims for a vehicle that can be repaired. On a scale of 1,000 points, satisfaction received an average rating of 811 among customers who made a claim on a total loss, which was 42 points lower than the average rating among customers who had a repairable…
Read MoreMetLife offers brochures to assist drivers to avoid distraction problems
MetLife Auto & Home is currently offering brochures to drivers for free in order to help them to avoid some of the most common basic driving problems – specifically those relating to distraction, after texting is being associated with an increase in collisions. Texting while driving has drawn a great deal of attention over the last few years, as drivers take their eyes from the road and look to their tiny screens and keyboards to communicate with friends, family, and business contacts. Unfortunately, this significant distraction is also being associated…
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