A recent survey has found that the cost is a major cause of stress for many motorists. The combination of the high annual inflation rate means that the cost of living is a growing challenge for Americans, and auto insurance has become a stressful concern. A recent survey showed that 43 percent of insured drivers had experienced a rate hike since last year. The survey was conducted by PolicyGenius. It showed that 43 percent of drivers were paying more in 2023 for their auto insurance coverage than they did in…
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Auto insurance news concerning consumer tips, company updates and insurance law updates.
Motorcycle insurance costs less than what many riders expect
Many people think it costs considerably more to insure their vehicle than is actually the case. It’s that time of year again, when riders head back onto the road and have to make sure they have all the motorcycle insurance they require wherever they intend to go. It’s always a good idea to review your policy each year to be sure you still have the right coverage. Motorcycle insurance is required by law in most states across the country. While many riders will bristle at that news, what’s important to…
Read MoreAuto insurance rates calculations may be changing in Massachusetts
A new bill has been proposed in the state that will alter the way premiums are calculated for drivers. A newly proposed bill in Massachusetts has the potential to greatly change the way auto insurance rates are calculated, and the amount people will be paying for their coverage in the state. The Senate bill is aimed at changing highly influential components used to calculate premiums. Among the factors that are most defining to auto insurance rates in Massachusetts is a driver’s ZIP code. However, the bill in the Senate is…
Read MoreWhat Are Insurance Loss Assessors and How Can They Help You?
Property damage can be a nightmare to deal with, especially when it comes to filing insurance claims. If you’ve ever had to navigate the complex and often confusing process of filing an insurance claim, you know how frustrating and time-consuming it can be. This is where insurance loss assessors come in. These are the experts who can help you get the compensation you deserve after experiencing damage to your home, property, or vehicle. In this article, we’ll dive into what insurance loss assessors do, how they can make the insurance…
Read MoreState Farm aims to raise California auto insurance rates by $264 million
The insurer is now catching up to other companies in raising their rates to pre-pandemic levels. Drivers in California who have been enjoying lower auto insurance rates than they were paying before the pandemic are likely to be losing that price advantage in the near future. The insurer will be returning the premiums it charges back up from the lows they hit after 2020. As motorists have stopped sheltering in place and are back on the roads, and the majority of people who had been working remotely are now headed…
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