The TDCI has published a list of guidance to help parents navigate the industry for their kids. The Tennessee Department of Commerce and Insurance (TDCI) has published a list of helpful auto insurance tips to help parents shopping on behalf of their teen driver kids during back-to-school season. The goal is to ensure that the right back-to-school coverage will be found at the best price. “As the parent of three young children, I know the back-to-school season can be hectic for students, parents, and educators alike,” said Carter Lawrence, TDCI…
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Auto insurance fines spark controversy in Louisiana
Louisiana Office of Motor Vehicles aims to collect on fines that are decades old Louisiana Insurance Commissioner Jim Donelon is taking aim at the state’s Office of Motor Vehicles. Last week, the agency issued notifications to consumers throughout the state, seeking to recoup millions of dollars in fines for auto insurance lapses. A significant portion of these fines are quite old, with some coming from violations dating back as far as 1986. Notices issued to consumers caused an outcry, which got the attention of the Louisiana Department of Insurance. State…
Read MoreAuto insurance rates in Detroit continue to be a financial burden
Insurance coverage for drivers in Detroit continues to grow more expensive Rising auto insurance rates in Detroit may be hindering the city’s economic recovery. Consumers throughout the city have seen their insurance rates soar in the past year. Detroit has been recovering from a record breaking municipal bankruptcy, which has served to make the city somewhat financially unstable. In December of 2014, the city was able to break free of this bankruptcy and its implications, but rising costs of auto insurance coverage could slow further recovery. High insurance rates make…
Read MoreUsage based insurance is already going mainstream
This type of auto policy has started to become one of the standard offerings of many insurers. Though the potential benefits of usage based insurance have been clear for some time, this new technology based version of auto coverage has always represented an extremely small percentage of the offerings from insurers. This trend is starting to change as the tech is picked up by a growing number of insurers. Moreover, as more auto insurance companies offer these products in a larger number of locations, consumers are also finding the chance…
Read MoreAuto insurance cost drops following crackdown on fraud
The price associated with covering a car has rapidly fallen since the new efforts went into effect. In the United Kingdom, the cost of auto insurance is dropping rapidly following a fraud and claim management company crackdown that has been very effective in shrinking the problem. According to recent data, the average annual comprehensive coverage quote has plummeted. The AA, over the past year, there has been a reduction in the size of comprehensive auto insurance quotes by approximately 10 percent. This is the largest decrease that has been recorded…
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