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Usage based insurance is already going mainstream

November 4, 2013November 2, 2013 Julie Campbell

This type of auto policy has started to become one of the standard offerings of many insurers. Though the potential benefits of usage based insurance have been clear for some time, this new technology based version of auto coverage has always represented an extremely small percentage of the offerings from insurers. This trend is starting to change as the tech is picked up by a growing number of insurers. Moreover, as more auto insurance companies offer these products in a larger number of locations, consumers are also finding the chance…

How A Black Box Could Lower Auto Insurance Rates

November 3, 2013February 12, 2014 Guest Author

Are you a young or relatively inexperienced driver who is tired of paying astronomical auto insurance rates? A solution to these staggering fees may be coming to a broker near you. And it comes in the form of a little black box. Yes, the technology that solves airline crash mysteries is becoming available to passenger cars. Perhaps, even the one in your driveway. Usage-based Insurance Just north of the border, Desjardins Insurance has began offering its clients in Ontario and Quebec “usage-based” insurance. This option is meant to allow high-risk drivers…

Beware Of Phantom Insurance

November 2, 2013March 20, 2019 Guest Author

Automobile insurance is one of those things that suck the fun out of owning and driving a car. Depending on the age of the car, where it’s garaged, and how often it’s driven, the premiums can be a huge pain. Add to this the extra burden of younger drivers, who are considered a greater accident risk and consequently have larger premiums, and the cost of that nice leisurely drive starts getting out of control. Then of course, there are deductibles, optional coverage, all of those extras that make life worth…

Auto insurance discounts possible for New Yorkers who take a course

November 1, 2013October 29, 2013 H. Cutner

A defensive driving class could be all that stands between N.Y. motorists and paying less for coverage. The New York State Department of Motor Vehicles has now given its approval to a handful of courses in order to teach defensive driving so that motorists will be safer on the roads and will reduce their risks so that they can pay less for their auto insurance coverage. These courses are being seen as a way for New Yorkers to stay safe and save money at the same time. The purpose of…

Auto insurance research reveals best states for savings

October 23, 2013October 21, 2013 G. Turner

The researchers examined 49 potential discounts available within every state in the country. One of the most common methods that auto insurance companies use to remain competitive and to ensure that their current customers remain content with the service they are receiving and the price that they are paying for it is through discounts. A new study has shown that the degree if discount based savings varies from one state to the next. An analysis was conducted by Insure.com regarding the availability of 49 different types of discounts in each…