Live Insurance News

North Dakota launches auto insurance cost comparison tool

May 28, 2024May 23, 2024 H. Cutner

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…

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

May 13, 2024May 11, 2024 Marc

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…

Global motorcycle insurance market grows rapidly as disposable income rises

April 30, 2024April 29, 2024 H. Cutner

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,…

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

April 23, 2024April 22, 2024 H. Cutner

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…

Leveraging Allstate Drivewise for Safer Driving Amid Rising Accident Rates

April 18, 2024April 17, 2024 Nordstrom

Allstate Drivewise - Car Accident Increase

Significant Safety Enhancements for Drivewise Users Allstate has uncovered significant safety improvements for drivers who actively use their Drivewise feature, according to a joint analysis with their mobility information and data. The findings indicate that Allstate customers who opt into Drivewise, accessible via the Allstate app, are substantially safer on the road. The program’s data shows a compelling 25% reduction in severe collisions for Drivewise users compared to non-users. Furthermore, an Arity study on driving behavior supports the idea that Drivewise customers are generally more cautious drivers. They are less…

GEICO Offers New Discounts Amid Rising Auto Insurance Rates

April 8, 2024April 7, 2024 Angela Linders

In a bold move to capitalize on increasing auto insurance rates across states such as California, GEICO Corp., part of Warren Buffet’s empire, is offering an attractive discount initiative, the “Welcome Factor,” aimed at expanding its auto insurance business. GEICO’s Fresh Approach to Auto Insurance With the surge in insurance rates, many insurers are taking a step back from writing new policies. However, GEICO is actively inviting new clients by marketing a special discount for those who apply for personal auto insurance. The discount is designed to taper off gradually…

GEICO losing auto insurance ground to State Farm and Progressive

March 15, 2024March 14, 2024 G. Turner

Early data from NAIC indicates that the Berkshire Hathaway-owned insurer is losing market share to competitors. Following a rocky 2023 for the personal auto insurance business in the United States, early data released by the National Association of Insurance Commissioners (NAIC) suggests that auto insurance company GEICO is losing ground to its larger competitors State Farm and Progressive. State Farm has held the top spot for many years in the US While it’s no big news that State Farm is still the largest auto insurance company in the United States…