Live Insurance News

State Farm issues tips for Teen Driver Awareness Month

January 30, 2023January 27, 2023 H. Cutner

Teen Driver Awareness Month - Teen in car with car keys

This January, the insurer is reminding parents that setting a good example can make a difference. State Farm is honoring January as Teen Driver Awareness Month by reminding parents that setting a good example can make a difference to their teen’s driving habits and yes, they will get through this. Parental driving habits are the top influence on the behaviors of new young drivers. Teen Driver Awareness Month data from the National Highway Traffic Safety Administration shows that the driving habits of a young driver’s parents are the top influence…

State Farm and Progressive refuse auto insurance coverage for Hyundai and Kia vehicles

January 27, 2023January 25, 2023 Logan B.

Some of the vehicles from those South Korean automakers are simply too easy to steal. Hyundai and Kia vehicles that use physical ignition keys are so easy to steal – needing nothing more specialized than a USB cable – that major US auto insurance companies have started to refuse to cover them. So far, this appears to be a trend isolated to Columbus and Denver, Ohio, but it is spreading. Progressive released a media statement in which it confirmed that it would not be issuing new auto insurance policies to…

Does auto insurance cover damage caused by potholes?

January 24, 2023January 23, 2023 H. Cutner

Auto insurance - car driving toward potholes

This time of the year is notorious for wreaking havoc on pavement, which can be damaging to vehicles. The weather across many parts of the country has reached the point when potholes are becoming a growing problem, and auto insurance companies are preparing for claims from drivers with damaged vehicles. Potholes often happen when cracks in pavement fill with water, which then freezes and expands. According to a recent report from State Farm, the first months of every year are the time in which potholes become more prominent. The temperature…

State Farm releases winter preparedness tips for auto insurance customers

December 21, 2022December 20, 2022 Live Insurance News

The insurer is hoping to support its policyholders in avoiding becoming stranded during holiday travel. State Farm is hoping that this holiday season will be easy on its policyholders and has issued winter preparedness tips to its auto insurance policyholders to help them to get where they want to be safely and without finding themselves stranded along the way. Poor road conditions will happen but being ready for it can make all the difference to safety. State Farm has issued a list of helpful tips and tools that all drivers…

Allstate CEO says State Farm auto insurance rates will soon increase

December 15, 2022December 14, 2022 Nordstrom

Tom Wilson has predicted that his company’s largest competitor will also be raising rates. President and CEO at Allstate Tom Wilson has predicted that State Farm will also be pushing to make auto insurance rate hikes in 2023, when he spoke at the Goldman Sachs 2022 US Financial Services Conference. Allstate has already started requesting rate increases and expects State Farm to do the same. Wilson pointed to the increased prices as a response to inflationary pressures and rising loss costs, and that the move will provide the home and…

Mercury shares insurance policy savings tips with its customers

November 29, 2022November 29, 2022 H. Cutner

The insurer released a Holiday Buyer’s Guide to help consumers get the right coverage for a better price. With the holiday season now underway, the odds are higher that a claim will be made on an insurance policy than they are at most other times of the year. That said, a claim can only be made if the right coverage is in place, moreover, not all coverage is priced equally. Therefore, Mercury has issued a Holiday Buyer’s Guide to help people to find precisely what they need and at the…

Auto insurance premiums to climb by double digits again in 2023

November 14, 2022July 5, 2023 Marc

Auto insurance premiums - Cost of car insurance going up 2023

The cost of insuring a vehicle in the United States is rapidly rising due to several factors. If there’s anything Americans are getting used to seeing at the moment, it’s increases in their auto insurance premiums. Looking back at the trends from 2022 and looking forward to what is expected in 2023 has meant considerably higher costs associated with insuring a new or used vehicle. This year has seen the largest rate increases recorded in the United States since 2019. As was recently reported by Live Insurance News, there have…