Live Insurance News

Eased truck insurance premiums enforcement gives much needed relief in pandemic

April 27, 2020April 24, 2020 Logan B.

Truck insurance premiums - Trucks on road

The goods transportation industry is fighting hard to keep up with new demands in a changing landscape. The trucking industry has stepped up to meet rapidly shifting needs in an evolving arena, but new relaxed truck insurance premiums regulations is offering some relief. This transportation is critical to making sure businesses and individuals have access to essentials. That said, while many truckers are certainly keeping busy, the truck insurance premiums that have been rising over the years have placed substantial pressure on these businesses as they fight to keep up.…

New Allstate app to help good drivers save more on auto insurance premiums

February 13, 2020February 12, 2020 Logan B.

The insurer is testing a new app-based program to monitor motorist behaviors for weekly savings opportunities. A new Allstate app has entered into the testing process with the goal of allowing good drivers to prove how safe they are behind the wheel in exchange for savings. The program monitors a number of habits such as speeding and braking hard. The idea expands on existing usage-based insurance strategies including those already offered by the insurer. The goal is to make it possible for good drivers to demonstrate that they are a…

Top US cities for speeding tickets identified in recent report

July 12, 2019July 10, 2019 G. Turner

A new Insurify study revealed the top 20 cities across the country where speeders tend to drive. Driving over the speed limit is far from a rare occurrence in most cities, but new data regarding speeding tickets has pointed to the cities where it happens most. There isn’t a driver on the road who hasn’t seen another vehicle go zipping by above the marked limit. The Insurify study didn’t take into account the reason for the excessive speed. That data was not available for analysis. The recipients of the speeding…

Canadian man legally changes gender for cheaper auto insurance premiums

August 1, 2018July 30, 2018 Julie Campbell

A motorist fed up with paying more because he was male has found a loophole in a new law in Canada. A driver in Canada seeking cheaper auto insurance rates legally changed his gender from male to female in order to dupe the system. Gender-based car insurance premium calculations charge male drivers far more than females. The man wasn’t just chasing slightly cheaper auto insurance rates. In fact, he discovered that by changing his gender from male to female, he would save almost $1,100 (CAD) per year. The man, whose…

Michigan auto insurance rates are increasing yet again

April 3, 2018April 2, 2018 Nordstrom

Michigan Auto Insurance Rates - Graph - Auto Insurance rates on the rise

Drivers throughout the state are bracing to once again pay more for their no-fault coverage. Michigan auto insurance rates are about to head upwards yet again. Motorists are accustomed to seeing their premiums rise as a result of the ever-increasing no-fault coverage fees. Now, many will need to tighten belts even further to help them afford the new rates in the state. The rising Michigan auto insurance rates have been problematically high for several years. The upward trend of coverage costs has been a persistent one. State lawmakers have repeatedly…

Wells Fargo sanctions on their way for auto insurance scandal

March 19, 2018March 16, 2018 G. Turner

American regulators are getting ready to apply penalties to the financial giant for its illegal actions. U.S. regulators are preparing to apply the Wells Fargo sanctions the industry has known would be coming. The bank forced over half a million drivers to pay for auto insurance they didn’t need. The official repercussions are now arriving. The financial industry has been waiting to see how this Wells Fargo scandal would play out. The Wells Fargo sanctions are not a surprise to anyone. After the scandal came out, it was only a…

Louisiana car insurance rates are getting higher this year

February 22, 2018February 21, 2018 Marc

Premiums for auto coverage are rising across the country but this state has particular issues causing a spike. Drivers in nearly every state are watching their premiums rise this year and, due to unique conditions in the state, Louisiana car insurance rates are rising significantly. In fact, the current environment in the state is making sure auto policies are among the most expensive in the U.S. Upon hearing the news of the rate hikes, drivers in the state have expressed significant frustration. Local papers reporting on the Louisiana car insurance…