Ohio auto insurance expected to become more expensive for some drivers Ohio drivers are expected to see the costs of auto insurance climb, but not because insurance companies are raising rates for coverage. A new law has been approved by the Ohio Legislature that will increase the minimum level of auto insurance drivers are required to carry in the state. Though the law has been approved by both the Ohio House and Senate, it must still be signed by Governor John Kasich. If the law receives the Governor’s approval, Ohio…
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Esurance aims to raise auto insurance rates in Illinois
Esurance introduces new rate hike for Illinois market Esurance, a leading online auto insurance provider owned by Allstate, is looking to raise the rates of its coverage in Illinois. The auto insurance company has plans to raise rates by an average of 5% throughout the state by December 11.Esurance suggests that the increase comes after a review of the Illinois insurance market. The company has determined that a rate increase is necessary in order to remain competitive and account for some of the risks that are emerging within the market…
Read MoreAuto insurance rates in California show major disparity
Analysis highlights disparity in auto insurance prices Auto insurance in California has been in a turbulent state for the past several months. Last week, the 2012 presidential campaign came to an end, also marking the end of an auto insurance reform bill that had won a great deal of support from the auto insurance industry. The bill was steeped in controversy, but was expected to bring some benefits to consumers in the state and help alleviate some of the problems that exist in the insurance market. A new analysis of…
Read MoreProposed legislation in California would allow drivers to use smartphones to prove insurance coverage
State Assemblyman Mike Gatto, a democrat from Los Angeles, has recently proposed new legislation in California, to amend the law concerning the responsibility of motorists to carry proof of their auto insurance coverage with them whenever they are behind the wheel within the state. Assembly Bill 1708 would require California insurance companies to provide a customer’s proof of financial responsibility in a format that is accessible by a mobile electronic device, should that documentation be requested by the individual. This also means that should a motorist be pulled over for…
Read MoreRecent insurance study reveals who is driving without insurance
InsuranceQuotes.com has released the results of a recent survey they conducted regarding motorists. The company surveyed some 2,366 drivers aged 18 and older from across the nation and found that 16% of them have driven without insurance coverage. Nearly half of those drivers said that they only did so because they were unable to afford insurance coverage, citing the economic hardship as one of the primary factors for them being unable to cope with premiums. An additional .2% of participants admitted to currently having no auto insurance coverage at all.…
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