Live Insurance News

Car insurance rose by at least 25 percent last year in three US states

February 2, 2023February 1, 2023 Live Insurance News

American drivers are braced for more increases in the premiums they’re paying on their auto policy. Across the US, there were three states that experience car insurance price increases by 25 percent last year, and experts are cautioning American motorists that the premiums are expected to continue rising. As much as auto premiums rose last year, 2023 is likely to see policies getting more expensive. Interest rate increases, inflation, the volatility of gas prices, and a spectrum of other causes have sent car insurance rates skyward in the last year.…

Consumers are favoring shopping online for auto insurance coverage

November 25, 2015November 24, 2015 S.Vagus

Report highlights the trends directing consumer purchasing behavior More consumers are beginning to shop online for auto insurance coverage, according to a new report from comScore. The report highlights the trends that are beginning to emerge in the overall auto insurance industry, with these trends likely to play a major role in directing the shopping behavior of consumers in the future. The report is comprised of information gathered from more than 3,000 drivers throughout the United States, with this information being gathered between August and September of this year. Majority…

The average auto insurance customer hasn’t switched companies since 2003

July 22, 2015July 21, 2015 Julie Campbell

According to recent research, one in every three drivers has not shopped around at all for a policy. A recent study was conducted by insuranceQuotes.com, which has now issued its results in a report that showed that the average American driver hasn’t changed the auto insurance provider covering their vehicle in over a decade. In fact, the average length of time since the last change in insurance companies was 12 years, said the report. Furthermore, about one quarter of all drivers have been sticking with the same auto insurance company…

Credit has a big impact on auto insurance premiums

June 12, 2015June 11, 2015 Marc

Report highlights the effect that credit data has on insurance prices Credit score has a lot to do with auto insurance rates, according to a recent report from WalletHub, a personal finance organization. The report focused on how a driver’s credit score affects their insurance rates in the United States. All states but California, Hawaii, and Massachusetts were examined for the report. In these states, using a driver’s credit history to price auto insurance coverage is illegal, so such information does not contribute to higher premiums. Those with no credit…

Google launches auto insurance comparison service

March 11, 2015March 9, 2015 S.Vagus

tablet ipad mobile wallet google insurance news

New service aims to help users compare auto insurance quotes Google has launched a new service that may help it break into the auto insurance sector. The service is called Google Compare for Auto Insurance and will allow users to compare insurance quotes offered by 14 different coverage providers. Google’s new service is restricted to California currently, but the company may expand the service if it proves successful and popular enough among consumers. If successful, the Google Compare for Auto Insurance service could be a disruptor for the auto insurance…

Car Insurance Discounts for Teenage Students and Young Drivers Online Save Hundreds Today

February 18, 2013April 13, 2014 PR Article

Applying young driver discounts on car insurance save consumers lots! PRESS RELEASE: FreeinsuranceQuotation.com has launched nationwide services for finding cheaper car insurance for college students online. Buyers, who are interested in securing discounted solutions, may determine their eligibility to get benefitted with the company’s new initiative. Here is some important information regarding the same which readers may find useful. If you are searching for cheaper car insurance for college students online, here’s some good news for you. Leading national auto insurance online service provider, FreeInsuranceQuotation.com has announced that it can…

American auto insurance marketplace competitiveness underlined by I.I.I. using research findings

July 4, 2012July 4, 2012 Nordstrom

Quotes vary enormously showing significant difference in risk assessment by insurers. The Insurance Information Institute (I.I.I.) has used the findings of a recent survey to determine that American drivers in low and moderate income ranges can greatly benefit from the high level of competition in the auto insurance marketplace. At the same time, the Consumer Federation of America (CFA) is seeking to find out why quotes vary so much. According to the I.I.I. president, Dr. Robert Hartwig, who is also an economist, the answer to that question isn’t complicated. “The…