A leading consumer advocate is cautioning Americans regarding the importance of shopping around. Many American drivers have held a policy with the same auto insurance company for many years and while they know that they would likely be able to save a little bit on premiums by shopping around, they often remain loyal to the same company for one reason or another. The Consumer Federation of America has warned that there is a high price that can come with loyalty. According to the alert that was recently issued by the…
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Auto insurance rates may be higher for safe drivers
Safe drivers may be facing significantly higher auto insurance rates There are many factors that go into determine auto insurance rates. Driving history, place of residence, credit score, and age can all be used to determine the price of a policy for a particular individual. Those with good driving records, typically known as safe drivers, are often considered to be charged the absolute lowest auto insurance rates possible. This is not the case, according to the Consumer Federation of America. The consumer advocacy group has released a new study that…
Read MoreProgressive brings a new take on auto insurance and savings
Progressive continues to generate hype for its Snapshot device Progressive Insurance has been making waves in the world of insurance news with its in-car device that helps calculate the cost of auto insurance policies. In 2011, Progressive introduce an ambitious new auto insurance scheme that provided drivers with a way to save money on their coverage by providing the company with detailed data concerning their vehicles and driving habits. This is accomplished through a device called Snapshot, which can be installed in any vehicle manufactured after the year 1996. Device…
Read MoreAuto insurance rates in California show major disparity
Analysis highlights disparity in auto insurance prices Auto insurance in California has been in a turbulent state for the past several months. Last week, the 2012 presidential campaign came to an end, also marking the end of an auto insurance reform bill that had won a great deal of support from the auto insurance industry. The bill was steeped in controversy, but was expected to bring some benefits to consumers in the state and help alleviate some of the problems that exist in the insurance market. A new analysis of…
Read MoreAuto insurance pricing model from Autodata Middle East selected by Zurich
The dynamic new techniques are now the center of a new agreement that has been signed. Zurich, one of the leading insurers in the world, has announced that it has signed an agreement with Autodata Middle East – a leading auto insurance pricing information provider – in order to help to determine a used vehicle’s actual value in the United Arab Emirates, to achieve far more accurate premiums calculations. The new model takes many additional factors into account to help maintain accuracy. The price of used vehicles change on a…
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