Tesla Insurance Hires Former Member of GEICO Management to Bridge the Gap

Tesla Insurance - Tesla Logo

Tesla, renowned for revolutionizing the automotive industry with its electric vehicles, ventured into uncharted territory back in 2019, where CEO, Elon Musk promised customers “vastly better” service compared to the competition. With the recent hire of Allen Laben, a seasoned executive from GEICO, Tesla aims to tackle the high insurance costs that have burdened its vehicle owners. But can a carmaker successfully navigate the complexities of the insurance industry, and what does this mean for consumers? The Challenge of Transitioning Industries Diving into the insurance sector represents a significant shift…

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North Dakota launches auto insurance cost comparison tool

Auto Insurance - Car - Calculator - Cost Comparison - North Dakota

The state’s Insurance Department has released its annual survey results comparing prices North Dakota’s Insurance Department has released the results of its annual auto insurance cost comparison, as well as a helpful tool to help drivers in the state to find the coverage they need at the right price. The survey involved obtaining quotes for six-month policies The department obtained quotes from auto insurance companies in the state for 12 different hypothetical drivers seeking six-month policies. The purpose of the survey was to better understand how premiums vary among motorists…

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Allstate’s auto insurance app users have 25 percent fewer severe crashes

Auto insurance - 25% less serious accidents

The insurer’s research showed that its Drivewise app customers are safer behind the wheel The Allstate auto insurance Drivewise app is no longer anything new, and customers across America are using it to help ensure that the premiums they pay are based on their habits, in the hopes of saving money. According to the insurer, those drivers are also safer drivers The insurer provides its customers with the choice to opt in to use its auto insurance app, which offers safe driving support and tracks general vehicle use behaviors.  Allstate…

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Global motorcycle insurance market grows rapidly as disposable income rises

Global Motorcycle insurance Industry

A recent report indicated that the market is predicted to reach $108.6 billion by 2032 A rise in disposable income and the popularity of obtaining motorcycle insurance coverage are being credited for a notable increase in the size and value of that market. That market is experiencing a sudden surge in the US and worldwide The rising popularity of motorcycle insurance is being greatly associated with the increasing ownership of the bikes around the world. The trend is particularly strong in metropolitan areas, where there is higher appeal for affordability,…

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The season is here to ensure you have the right RV insurance coverage

RV insurance - RV on road

Whether you have a travel trailer or motorhome, being properly covered is key Many recreational vehicle owners are getting revved up for some time on the road this summer, and as a part of this effort, it is important to make sure that RV insurance is a step that isn’t skipped. It’s not just a matter of having any coverage at all Whether you have a motorhome, trailer, camper, or have another name for your recreational vehicle, coverage is extremely important to ensuring that you are financially protected if it…

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