Illinois auto insurance checks will be conducted twice per year

Illinois auto insurance - person driving car

The goal is to ensure that motorists are following state laws and have the coverage they require. Electronic Illinois auto insurance checks will be starting twice per year to make sure drivers in the state are purchasing and maintaining at least the minimum required amount of coverage. The announcement regarding the checks was made last week by the Secretary of State’s Office. Starting in July, the Illinois auto insurance verifications will take place randomly throughout the year up to twice. The state will take this opportunity to help to ensure…

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Does usage-based car insurance require more oversight in the US?

Usage-based car insurance - man studying report

A report by the Consumer Federation of America calls for state regulators to keep closer tabs. The Consumer Federation of America has published a report strongly urging regulators across the United States to apply greater oversight to usage-based car insurance. These programs use telematics to measure policyholder driving habits and apply discounts for safe behaviors. The consumer advocacy group has been pushing state regulators to take this step with usage-based car insurance programs while adopting a number of other consumer protections. It sought to have those regulators apply greater scrutiny…

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Protective insurance acquisition by Progressive closes

Protective Insurance - Money

The completion of the purchase has been announced for approximately $338 million. Progressive has announced that its $338 million acquisition of Protective Insurance Corporation is now complete. Protective is a workers’ compensation and trucking fleet insurer now owned by Progressive. The Protective Insurance acquisition was first announced in February. It involved a $23.30 per share cash buyout of Protective’s shareholders, without interest, for Class A and Class B common shares. That share price brought a 49.1 percent premium to Class A shareholders and a 63.2 percent premium to Class B…

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Allstate announces its agreement for SafeAuto acquisition

SafeAuto acquisition - business deal - contract

The insurer’s subsidiary National General will be acquiring the low-cost auto insurance carrier. Allstate has announced that it has come to an agreement for a SafeAuto acquisition through its subsidiary, National General. This purchase will help Allstate to expand a spectrum of its capabilities and distribution. Through the SafeAuto acquisition, Allstate will add the auto insurer’s capabilities and distribution to its own offering, including its 24/7 customer contact centers at SafeAuto’s 1-800 number, as well as through its website. By bringing the low-cost auto insurer into National General, it will…

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Insurance App Development in 2021: Everything You Need To Know

Insurance App Development in 2021: Everything You Need To Know

More and more people are looking for efficient ways to get insurance services. And mobile app development is the answer to their demand. Insurance mobile apps will simplify working with insurance and help users solve existing problems even when they’re on the road.  Let’s deep dive into insurance app development and how users can benefit from it.  Issues Insurance Apps Solve What do you need insurance software applications for? It can guide users through different insurance aspects and make working with insurance more effective. Below, you’ll find significant challenges insurance…

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This state now has the most expensive car insurance (no, it’s not Michigan)

Most expensive car insurance - United States Map

A new report has revealed that Michigan has broken its 7-year streak at the top of the high-priced list. Michigan has long been the state in which the drivers have had to face the most expensive car insurance premiums. However, according to the results of a new data analysis published in a report by insure.com, that state has now slipped into second place and a new one has taken the costly lead. As Michigan has stepped down into second place, Louisiana drivers now find themselves paying the most. Louisiana drivers…

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5 Ways Young Drivers Can Lower Car Insurance

5 Ways Young Drivers Can Lower Car Insurance

It’s exciting to finally get that driver’s license and have the freedom to get in the car and go. But one thing that stops a lot of new drivers in their tracks is the high cost of car insurance. Parents and young drivers may get quite a shock when they see the next insurance bill. Going without insurance as a young driver just isn’t an option — it could result in fines, a suspended license, or even a terrible, costly accident. Young drivers shouldn’t despair, though. There are a few…

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