Live Insurance News

Auto insurance premiums could improve as a result of the Affordable Care Act

April 18, 2014April 18, 2014 G. Turner

As strange as it may sound, the health care reform could end up reducing vehicle policy rates. The health care reform has certainly been an area in which there has been a tremendous amount of controversy could actually be paying off in an area that wasn’t its primary intention, in the form of auto insurance premiums savings. According to the results of a recent study, the Affordable Care Act could be lowering other coverage costs. Beyond auto insurance, it is also believed that the health care reform will also be…

Auto insurance rates increased by 2.5 percent in 2013

April 3, 2014April 16, 2014 H. Cutner

Drivers across the country will likely be paying slightly more for their coverage because of the increases. As the country keeps the spotlight on Obamacare and the requirement for health coverage, the auto insurance sector has also been making recent news through the latest data that has revealed that prices rose just slightly last year. This type of increase seems to be occurring in many different sectors of the insurance industry. The homeowners and auto insurance segments of the industry have been experiencing their own sets of changes and increases…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Will auto insurance rates rise because of Google Glass?

February 27, 2014February 25, 2014 G. Turner

The popularity of wearable technology and augmented reality glasses could soon have an impact on premiums. In a move that could one day – in the not too distant future – impact the auto insurance premiums that motorists are facing every year, Google is currently lobbying officials in three or more American states to try to put a halt to the proposed limitations for driving while wearing augmented reality glasses and headsets, such as Google Glass. This represents one of the first major legal battles over the AR based wearable…

Auto insurance rates are headed up due to claims and litigation

February 19, 2014February 26, 2014 G. Turner

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…