Tag: auto insurance data

Auto insurance survey sheds light on distracted driving

Logan B.
auto insurance

New Jersey auto insurance influenced by distracted drivers Plymouth Rock Assurance, an auto insurance organization based in New Jersey, has released the results of a new survey concerning distracted driving. The survey suggests that texting while driving remains a significant problem in New Jersey.  Though not implied by the survey, this problem could be contributing to the rising costs of auto insurance. Distractions are taken very seriously by the auto insurance sector, and any distraction could be justifiable cause to raise premiums due to the inherent risks they represent. Many…

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Auto insurance basics remain a mystery to 68 percent of drivers

Auto Insurance survey

Nearly one third of all motorists could not correctly answer a multiple choice survey about their coverage. The results of a recent survey of American drivers have just been released and they have revealed that only 32 percent of motorists have an understanding of the basics of auto insurance. The questions that were asked involved the very basic details regarding vehicle coverage. The survey’s questions asked about the difference between collision and comprehensive auto insurance, the purpose of gap coverage, and other details that are considered to be quite basic…

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Telematics – A new business model

Rose Stuart
Telematics Usage based auto insurance

Much has been written about the pros and cons of using telematics… and many insurers have made a business case for implementing usage-based insurance in the auto industry. However, the challenge often ignored is how to store and analyze this explosion of data created by these activities. First of all, let’s consider the amount of data automotive telematics devices are expected to generate. Every second a telematics device will produce a data record. This data record will include information such as date, time, speed, longitude, latitude, acceleration or deceleration (g-force),…

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Auto insurance accident claims skyrocket in Texas during the Christmas season

The Accident Forgiveness Showdown - Who Has It and Who Doesn't

A new report has revealed that the number of crashes increases by 20 percent during the holidays. Allstate has just released a review of its auto insurance claims data, which has revealed that in the state of Texas, there are more car crashes than at any other time of the year. This statement was based on data from the five years ranging from 2006 through 2010. What the analysis determined was that the number of auto insurance accident claims rises the most on December 24, increasing by 22 percent when…

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Auto insurance data shows Ford trucks loved by thieves

Canada Auto Insurance

The IBC has released its report identifying the 10 most stolen vehicles. The auto Insurance Bureau of Canada has just announced its list of the 10 vehicles that are the most popular targets of thieves and has identified Ford trucks at the top of this list, particularly in the province of Alberta. The report covered vehicle thefts from across the country but provided a breakdown by province. This IBC list is issued once per year in order to help auto insurance companies and consumers to better identify the vehicles that…

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