Key Lime Interactive (KLI) – a firm that is widely known in the industry as a top tester of the mobile commerce experience – has announced the results of the second level of their renowned review of competing top American car insurance companies. The study was performed in November 2011, and gave the top place for Best Mobile Website to State Farm Insurance, while USAA received the top position for the Best Mobile App. Many different elements of the mobile experience were examined by KLI, particularly those parts of the…
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2012 Automobile Insurance Discount Act had no problem obtaining the necessary signatures for qualification
The American Agents Alliance didn’t face any struggles in obtaining the over 800,000 signatures that they gathered in a period of only ten weeks for submission to counties in order to qualify their initiative called the 2012 Automobile Insurance Discount Act, which provides law abiding consumers with a new car insurance rate reduction in California. According to the American Agents Alliance executive director, Mike D’Arelli, the effort was much simpler than they had anticipated. He explained that people know that consumers will benefit from this reduction. Moreover the majority of…
Read MoreCan drivers use their vehicles without auto coverage?
Many drivers wonder if it’s legal to use their cars without any insurance, and the answer is that it is possible to do so in many states, as long as those drivers also have a very large amount of cash. In Ohio, as long as you carry a form of proof of financial responsibility, you are legally allowed to drive without any car insurance. To do this, you must either make a deposit of at least $30,000 with the state treasurer, or you must purchase a bond worth at least…
Read MoreAuto insurance companies may face a revenue reduction of $15 following a rating error
According to an error report published by Quality Planning, an estimated $15.4 billion in revenue was missed by the private passenger auto insurance industry in 2010 as a result of misinformation with policyholders. Quality Planning is an organization that provides data validation of policyholders for auto insurance companies. It produces its premium rating error report on an annual basis, quantifying the discrepancies and errors that can lead to the undercharging of policyholders by their auto insurance companies. Highlights of the report include the following: • When compared with 2008, the…
Read MoreNew auto insurance law in Oklahoma set to impact the insurance industry
A new law regarding auto insurance is set to take effect November 1 in Oklahoma. Farmers Insurance, the state’s largest auto insurance company, has taken this opportunity to remind drivers of the law and how it will affect them. The law – Senate Bill 272 – will introduce new requirements for auto insurance and stricter penalties for drivers without insurance or those underinsured. Farmers notes that the law will likely benefit consumers as a whole, but may make changes to existing policies. The law will reduce the amount of money…
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