Tag: automobile insurance

Auto insurance premiums reduction sought by Consumer Watchdog

Julie Campbell
California Low Income Auto Insurance Program

The group claims the agency running the car policy program is seeking to charge $40 more than necessary. According to a Consumer Watchdog actuarial analysis, California drivers who are in the low income bracket and who maintain a good driving record should be paying 3.9 percent less on their car coverage premiums through the Low Cost Auto Insurance Program. The analysis was just submitted to the California Department of Insurance. The auto Insurance Commissioner in the state is now performing an annual review in order to decide whether or not…

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Auto insurance premiums in West Virginia are higher than many states

Julie Campbell
Auto Insurance

A recent study has shown that drivers in that state pay more than many others across the country. A comparison study has been performed across the various states, and major differences were discovered in the auto insurance premiums paid by some drivers over others in different parts of the country. The research involved a survey that compared average premiums paid by drivers across the nation. For example, an annual average of $4,409 was paid by drivers in Michigan. This amount represented approximately 8 percent of the income of those motorists.…

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California brokers and agents announce 2012 Automobile Insurance Discount Act

California Auto Insurance

Proposition 33 has now been officially assigned by the office of the Secretary of State. Consumer advocates, along with California agents and brokers, who have been seeking new opportunities for drivers to be able to shop for better deals, have announced that Proposition 33 has now been assigned to the 2012 Automobile Insurance Discount Act by the Secretary of State’s Office. This proposition is meant to reward motorists for maintaining their coverage and following the law. It also gives drivers in the state the opportunity to use a their loyalty…

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Discount initiative for car insurance moves onward to November ballot

H. Cutner

When voters in California head to the ballot in November, they will also face the issue of a discount initiative for auto insurance, called the 2012 Automobile Insurance Discount Act, which was over 99 percent funded by the chairman of Mercury Insurance. The initial sponsorship for the proposal was from the American Agents Alliance, a trade group. This initiative would allow motorists who change their insurers to obtain a discount if they have already had insurance on their vehicles. The proposal had received nearly 505,000 signatures (a random sample of…

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New York is fraught with insurance fraud

Nordstrom

According to a new report by the National Insurance Crime Bureau (NICB), Buffalo, New York, is home to a staggeringly high amount of questionable medical insurance claims. Second only to New York City, Buffalo adds to the states already extensive history of insurance turmoil. The report takes into account all occurrences of claims that have been found as “faked or exaggerated,” as well as instances of “excessive treatment.” The 7,026 questionable claims were filed throughout the state last year. Buffalo accounts for 145 of those, with New York City taking…

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