Tag: auto insurance premiums

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…

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Auto insurance program in California reduces rates again

Julie Campbell
California Auto Insurance

The state department announced that for the second year in a row, it would be shrinking the price of coverage. The California Department of Insurance (CDI) has just revealed that it will be lowering the California Low Cost Auto Insurance Program (CLCA) rates yet again for a second year in a row. The premiums are exceptionally low within this program, making it easier for certain good drivers to obtain coverage. Annual auto insurance premiums for drivers within this program typically range between $226 to $338. It is available for good…

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Auto insurance shoppers using Firefox find cheaper rates

G. Turner
Auto insurance customer satisfaction falls in US

Depending on the web browser you use, you could be paying more or less for your coverage. While a web browser may appear to have very little to do with auto insurance rates, a recent study has shown that the choice consumers make regarding the browser that they use can often determine how much they will pay for the same amount of coverage. A recent analysis comparing rates obtained and browser revealed some striking patterns. The study was conducted in honor of National Insurance Day, which fell on June 28,…

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Auto insurance rates in Texas higher in families with teen drivers

H. Cutner
Teen Driver auto Insurance

Parents are paying premiums up to 71 percent higher in the state because of these younger motorists. Parents of teen drivers in Texas are watching their auto insurance premiums skyrocket as they add their adolescent children to their policies, causing them to have to pay an average of 71 percent more than they used to. The parents in the state are finding the family premiums to become suddenly more difficult to afford. When teens are old enough to obtain their driver’s license, it is one of the most important and…

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Auto insurance costs fell only in California

H. Cutner
auto insurance price decrease california

According to data from the Consumer Federation of America, that is the only state where this occurred. According to the latest data from the United States, California is the only state in the country where auto insurance costs have been decreasing over the last two decades that ended in 2010. This data was collected and analyzed by a consumer group that attributed the decline to a state law. The Consumer Federation of America is attributed the decreasing cost of auto insurance in California to a law that was passed in…

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