Live Insurance News

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 savings can be decided by your choice of 2014 vehicle

February 28, 2014February 25, 2014 Julie Campbell

The cars, SUVs, vans, and trucks that can lead to the cheapest policies have now been revealed. While everybody wants to drive a fantastic car with the greatest, flashiest, and most useful features and options, it cannot be forgotten that the choice of make and model will have a considerable impact on the auto insurance premiums that will be paid to cover it. Approximately 30 percent of all policyholders will comparison shop to try to discover cheaper premiums. This figure was according to the data from TransUnion’s insurance business department.…

Will auto insurance rates rise because of Google Glass?

February 27, 2014February 25, 2014 G. Turner

The popularity of wearable technology and augmented reality glasses could soon have an impact on premiums. In a move that could one day – in the not too distant future – impact the auto insurance premiums that motorists are facing every year, Google is currently lobbying officials in three or more American states to try to put a halt to the proposed limitations for driving while wearing augmented reality glasses and headsets, such as Google Glass. This represents one of the first major legal battles over the AR based wearable…

Michigan auto insurance push for no fault reform has returned

February 25, 2014February 22, 2014 G. Turner

The House Republicans in the state are trying again after having been unsuccessful last year. House Republicans are bringing their Michigan auto insurance reform push right back into the spotlight again, after having failed to obtain adequate support for the massive overhaul that they had proposed in 2013. The new goal is to eliminate the unlimited lifetime benefits that are currently available in the state. At the moment, Michigan auto insurance law makes it possible for individuals who are catastrophically injured in vehicle accidents to continue to receive benefits for…

Auto insurance rates remain stable in North Carolina

February 10, 2014February 10, 2014 S.Vagus

North Carolina’s insurers are not seeking to raise rates for auto coverage this year North Carolina drivers have received some good news from the state’s Department of Insurance. According to Insurance Commissioner Wayne Goodwin, the Department of Insurance has received no rate filing from the North Carolina Rate Bureau. This means that the state’s auto insurance companies have not sought to increase premiums this year. This may provide the state’s drivers with some relief as they will not have to pay more for insurance coverage this year. Past settlement with…