Live Insurance News

Auto insurance rates climb more due to some traffic tickets than others

April 8, 2014April 12, 2014 Julie Campbell

Recent news by a website examined national data and found that certain violations cost more than others. In recent auto insurance news, the results of a national analysis of traffic ticket and premiums data, conducted by San Francisco based InsuranceQuotes.com revealed that some violations cause rates to rise more than others. Overall, safer drivers pay less than riskier ones, but some tickets are more costly than others. The study showed that the moving violations that can lead to the highest penalties –in the form of the ticket itself, from the…

Auto insurance rates increased by 2.5 percent in 2013

April 3, 2014April 16, 2014 H. Cutner

Drivers across the country will likely be paying slightly more for their coverage because of the increases. As the country keeps the spotlight on Obamacare and the requirement for health coverage, the auto insurance sector has also been making recent news through the latest data that has revealed that prices rose just slightly last year. This type of increase seems to be occurring in many different sectors of the insurance industry. The homeowners and auto insurance segments of the industry have been experiencing their own sets of changes and increases…

6 Ways Lying About Your Auto Insurance Can Cost You

March 29, 2014April 16, 2014 Guest Author

It’s tempting. And, surely, you won’t get caught, right? You are, after all, just one tiny customer among thousands. The insurance company is far too busy to notice if you tell a little white lie. Plus, a big organization like that can afford it, can’t they? Auto insurance lies are common among parents. So, if you’re trying to justify lying to your auto insurance provider, forget about it! You could be convicted of fraud, face a hefty fine and even a stint behind bars. In this situation, good luck in…

Auto insurance scam involved former Oklahoma police officer

March 21, 2014March 23, 2014 Julie Campbell

The ex-cop has now been sentenced to for having taken part in this coverage fraud scandal. A former police officer has now been sentenced in a case involving auto insurance fraud, requiring the participant in this scam to have to serve ten days of imprisonment on the weekends, in addition to three years of supervised probation. This, according to a Western District of Oklahoma U.S. Attorney, Sanford C. Coats. Beyond the imprisonment and supervised probation, the former officer, Clinton Ivan Rutledge, from Woodward, Oklahoma, is also being required to pay…

Usage based auto insurance gains more attention in Ontario

March 12, 2014March 10, 2014 Nordstrom

Usage based insurance plans are starting to see widespread adoption Usage based auto insurance is beginning to pick up momentum in Ontario, Canada, but the Financial Services Commission of Ontario has been slow to grant approval for the technology used for this type of insurance coverage. Insurance companies operating in the province have begun applying for approval to use the technology that is capable of monitoring a person’s driving habits. Insurers suggest that this technology could help lower insurance costs for drivers significantly, depending on how often they actually drive.…