Tag: auto insurance industry

Auto insurance news looks good for SUV owners after crash testing

H. Cutner
auto insurance crash test

2014 midsize models were able to receive the top ratings from an industry group’s tests. Though the midsize SUVs that underwent auto insurance industry group crash testing didn’t do well as a whole, two out of the nine models managed to receive the highest ratings. The GMC Terrain and the Chevrolet Equinox, both General Motors products, received the best “good” rating. Those two models received the highest “good” rating from the Insurance Institute for Highway Safety (IIHS). This rating could help to play a role in the auto insurance premiums…

Read More

Auto insurance industry displeased with most new cars

Julie Campbell
auto Insurance industry IIHS Safety Crash Test

When it comes to the top safety ratings that are available, the majority of new vehicles failed to win. The Insurance Institute of Highway Safety (IIHS) has now given its top safety pick ratings and has chosen the top performing vehicles, but when it comes to this coveted nod from the auto insurance industry, the majority of new cars were not able to qualify. Some of the largest manufacturers were those that were falling behind the rest, despite positive past performance. General Motors, for example, was not seen as doing…

Read More

Insurance industry group releases booster seat safety list

Julie Campbell
auto insurance industry safety

The IIHS has now issued its list of the test results that it conducted on these child safety products. The Insurance Institute for Highway Safety (IIHS) has just released a list of the booster seats for children that it has deemed to be the most safe, and that will provide insight for the insurance industry. The group has now tested many of the leading new booster seat products on the market. Among the 31 new booster seats that made it to the market this year, the IIHS has now provided…

Read More

Auto insurance fraud to blame for high costs

Julie Campbell
Auto insurance fraud

According to the industry, it is the scammers and thieves that are to blame for consumers having to pay too much. Drivers in Ontario, Canada have been complaining about the high cost of auto insurance, and the industry in that province has now responded by confirming that these consumers are right, consumers are paying too much. However, the reason for these skyrocketing prices is that fraudsters are keeping costs high for the insurers. Massive investigations into the auto insurance rates in Ontario have been underway since the NDP (New Democratic…

Read More

Auto insurance rate calculation factors may harm lower earners

Julie Campbell
auto insurance premiums

Americans whose incomes aren’t as high are being viewed unfavorably by many vehicle insurers. A number of large auto insurance companies in the United States are still using a driver’s education level and occupation as factors that are used in the calculations of his or her rates. A recent report is suggesting that this practice is pricing out earners in the low and moderate income brackets. The Consumer Federation of America has now released a report that has looked into the impact of the behaviors of auto insurance providers when…

Read More