Live Insurance News

Auto insurance rates set to spike in New Jersey

April 30, 2013April 29, 2013 Logan B.

Auto insurance coverage rates on the rise in New Jersey Auto insurance rates in New Jersey are on the rise this year. The state is already home to some of the highest auto insurance premiums in the country, but insurers are looking to raise coverage rates higher throughout the state. While higher rates were expected due to recent natural disasters, namely Hurricane Sandy, these disasters are not actually the reason for higher premiums. According to the New Jersey Department of Banking and Insurance, the rate hikes are actually due to…

Auto insurance industry may shift due to new Virginia Tech study

April 24, 2013April 23, 2013 Marc

Auto insurance receives new information concerning accidents from Virginia Tech The Virginia Tech Transportation Institute has released the results of a new study concerning car accidents and their contributing factors, as well as how these factors impact the auto insurance sector. The auto insurance sector, as well as others in the insurance industry, is constantly in a state of fluctuation. Insurers are persistently working to adapt to any changes that emerge in the market in order to provide comprehensive coverage priced at a competitive rate with coverage being offered by…

Auto insurance highest in Louisiana yet again

April 23, 2013April 30, 2013

The latest comparison of rates among the states has held the state as the most expensive, once more. According to the latest statistics from Insure, a comparison of the average auto insurance rates in March have shown that Louisiana drivers pay the highest amounts in the entire country. The next state after Louisiana in terms of the highest expense for coverage was Michigan. Louisiana drivers pay an average annual auto insurance rate of $2,699, while Michigan motorists pay an annual average of $2,520. In third place was Georgia, where the…

Auto insurance for self driving cars – will it be cheaper?

January 31, 2013January 9, 2014 Julie Campbell

Many wonder whether or not coverage will be less expensive when vehicles operate themselves. As a small handful of companies, including Google, work on creating driverless or self driving cars, many people wonder what type of impact this will have on their auto insurance rates. Lawmakers in some states are already working on the first set of rules for vehicles that drive themselves. What many prospective future owners are wondering is whether or not this added technology will provide savings on auto insurance policies. Florida, Nevada, and California have all…

Auto insurance in Maine is among the most affordable in the US

January 22, 2013April 30, 2013

A recent NAIC report has shown that the state has some of the lowest rates in the country. Eric Cioppa, the Insurance Superintendant for Maine, has announced that two reports released by the National Association of Insurance Commissioners (NAIC) have shown that the state’s auto insurance affordability has improved when compared to other states in the country. It indicated that drivers in Maine are now in one of the top ten most affordable states. This means that the auto insurance costs within Maine are considered to be within the top…

Top cities for vehicle theft named by NICB

January 7, 2013April 30, 2013

Vehicle Theft black friday auto insurance claims

For the second straight year, Fresno tops the National Insurance Crime Bureau list of top cities for vehicle theft. California tops the list… The NICB list states that approximately 761,500 vehicles were stolen in 2011, which was a drop from the year before by a mere 3 percent. These numbers are based on statistics released by the FBI. Fresno was at the top of the list and was not the only city in California to make the top ten. Modesto came in second and Bakersfield was in third, giving CA…

Auto insurance lacking in over one third of drivers in India

January 4, 2013January 4, 2013 Julie Campbell

Research has estimated that up to 35 percent of vehicles on Indian roads are not covered by a policy. A shocking auto insurance news release from Mumbai has revealed that an estimated 35 percent of cars on the roads of India are not carrying the third party liability coverage that is required by law. Moreover, over two thirds of two-wheeled vehicles are not covered by a legally required policy. This data was provided following an analysis performed by auto insurance companies in the country. What is possibly even worse is…