Live Insurance News

Mercury launches MercuryGo usage-based insurance app in Virginia

July 14, 2022July 13, 2022 Nordstrom

The insurer says that safe drivers in the state could save as much as 40 percent off their premiums. Mercury recently announced that it has rolled out its usage-based insurance app called MercuryGo throughout the Virginia market. The mobile app comes with a virtual driving coach to help drivers to save even more. The MercuryGo usage-based insurance app is available to drivers across Virginia. They can use it to learn how to improve their driving skills and how to navigate traffic safely. As they better their driving habits, it is…

Rising auto insurance rates causes customer satisfaction to fall

July 12, 2022July 11, 2022 H. Cutner

Auto insurance rates - Insurance Company

A new JD Power study showed that drivers are unhappy with their insurers over climbing premiums. A new JD Power study has shown that motorists’ satisfaction with their insurers is falling as they watch their auto insurance rates rise. JD Power published the results of their 2022 Insurance Shopping Study showing discontent among drivers. The study showed that auto insurance rate hikes have been driven by a 41 percent rise in the price of used cars. This has pushed vehicle repair and replacement costs skyward and has sent insurers to…

Homeowners’ insurance customers reminded of bear risk

June 17, 2022June 16, 2022 Logan B.

North American species have learned that places humans inhabit are areas where food can be found. The United States is home to a spectrum of types of bears as well as their subspecies, and homeowners insurance customers are reminded that these animals are dangerous and can cause substantial property damage. The American Black Bear alone is distributed throughout the country with 16 different subspecies. The overall population of the American Black Bear is as high as 900,000, primarily found in forested and mountainous parts of the country. When they’re living…

3 in 4 female drivers say gender shouldn’t be an auto insurance quote factor

June 14, 2022June 13, 2022 H. Cutner

A recent Forbes Advisor survey showed that most drivers feel they are overpaying for their coverage. Nearly 60 percent of American drivers believe that they are overpaying for their auto insurance coverage, according to a survey conducted by a team at Forbes Advisor. The research also examined drivers’ perception of different factors used to calculate premiums. The survey examined the various pricing factors for auto insurance and American drivers’ opinions on the use of those factors to calculate their premiums. The research involved the participation of 2,000 drivers across the…

Motorcycle crashes see double-digit increases, including fatalities

June 7, 2022June 7, 2022 H. Cutner

Motorcycle crashes - crash of motorcycle

Riders are at double the risk of deadly accidents compared to all other road vehicles. Motorcycle crashes are on their way up, including those leading to rider fatalities, placing them in far greater danger than any other vehicle operators on the road. According to a recently released report, fatal accidents rose by 11 percent from 2019 to 2020. The report focused on a ValuePenguin study that examined fatal motorcycle crashes for the five years starting in 2016, the latest available data. Riders are more than twice as likely to be…

Michigan auto insurance reform bill causes walkout in surprise House hearing

May 25, 2022May 24, 2022 G. Turner

This was the first hearing of its nature, meant to address medical service fee cut complaints. A recent surprise Michigan auto insurance hearing in the House was intended to respond to complaints received regarding medical service fee cuts for catastrophic crash survivors. The result was that Republicans walked out. The bill failed to advance, and it was removed from committee by the House leaders. The House members who took part in the walkout of the House Insurance Committee meeting said that the Michigan auto insurance bill was not listed in…

Michigan auto insurance refund deadline is today

May 9, 2022May 9, 2022 Marc

Auto insurance refund - Refunds keyboard

Insurers are required to issue their $400 checks to applicable policyholders no later than today. The auto insurance refund deadline insurers have to issue the $400 refund checks to their customers has arrived. Michigan Governor Gretchen Whitmer announced last week that $2.2 billion had yet to be issued. During the second half of April, about 1.2 billion in auto insurance refund checks had been issued, according to Michigan Department of Insurance and Financial Services data. Around $3 billion is intended for redistribution to drivers in the state who had active…