Live Insurance News

Auto insurance gap for ridesharing closed by Uber

March 18, 2014March 15, 2014 H. Cutner

Drivers participating in the program can now do so with greater confidence with better coverage. The popular Uber ridesharing program has now broadened the auto insurance coverage that it is offering its drivers, in order to help to ease the concerns of American lawmakers and regulators, and to help to ensure that these services will be used on a broader scale. This type of ridesharing program allows the use a smartphone app to find a ride. The drivers in these ridesharing programs aren’t usually professionals, but are typically regular licensed…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Auto insurance requirements set to rise in Arizona

January 21, 2014January 18, 2014 Logan B.

Arizona lawmakers aim to raise the insurance requirements for the states drivers The minimum level of auto insurance coverage is about to rise in Arizona. A new legislation has been introduced that would require drivers to purchase additional coverage and pay higher rates. The legislation seeks to mitigate the risks that exist in the state. The minimum auto insurance level has not been changed for the past 42 years and lawmakers suggest that the current insurance requirements are no longer adequately protecting the state’s residents from accidents and other issues.…

Auto liability insurance minimum is the focus in West Virginia

December 17, 2013December 14, 2013 H. Cutner

The state is mulling over a potential increase in the lowest possible amount of coverage. In West Virginia, approximately 15 percent of vehicle owners are carriers of the minimum allowable amount of auto liability insurance, said the commissioner in the state when speaking to a legislative interim committee. Mike Riley spoke to the committee on Tuesday, using the results of a survey of the largest carriers in the state. Commissioner Mike Riley spoke based on a survey that was conducted on the four largest auto liability insurance carriers in West…

Auto insurance discounts possible for New Yorkers who take a course

November 1, 2013October 29, 2013 H. Cutner

A defensive driving class could be all that stands between N.Y. motorists and paying less for coverage. The New York State Department of Motor Vehicles has now given its approval to a handful of courses in order to teach defensive driving so that motorists will be safer on the roads and will reduce their risks so that they can pay less for their auto insurance coverage. These courses are being seen as a way for New Yorkers to stay safe and save money at the same time. The purpose of…

Auto insurance research reveals best states for savings

October 23, 2013October 21, 2013 G. Turner

The researchers examined 49 potential discounts available within every state in the country. One of the most common methods that auto insurance companies use to remain competitive and to ensure that their current customers remain content with the service they are receiving and the price that they are paying for it is through discounts. A new study has shown that the degree if discount based savings varies from one state to the next. An analysis was conducted by Insure.com regarding the availability of 49 different types of discounts in each…

Auto insurance is far higher for some Florida drivers than others

October 22, 2013November 4, 2013 Julie Campbell

A recent report has shown that motorists in the state have premiums highly impacted by their location. A report that was recently released by ValuePenguin.com has revealed that location plays a very important role in the cost of auto insurance in Florida, as it does in most other states, and has revealed the cities in which drivers are paying the highest amount for their coverage. It showed that the cost of coverage in Tampa and St. Petersburg is among the highest in Florida. The average rate for the drivers in…