Tag: automobile insurance

Michigan insurance news – no-fault fund transparency

Michigan Auto Insurance news

  Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…

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Progressive brings a new take on auto insurance and savings

Nordstrom
Auto Insurance Savings

Progressive continues to generate hype for its Snapshot device Progressive Insurance has been making waves in the world of insurance news with its in-car device that helps calculate the cost of auto insurance policies. In 2011, Progressive introduce an ambitious new auto insurance scheme that provided drivers with a way to save money on their coverage by providing the company with detailed data concerning their vehicles and driving habits. This is accomplished through a device called Snapshot, which can be installed in any vehicle manufactured after the year 1996. Device…

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Ohio lawmakers approve changes to minimum auto insurance requirements

Dan
auto insurance

Ohio auto insurance expected to become more expensive for some drivers Ohio drivers are expected to see the costs of auto insurance climb, but not because insurance companies are raising rates for coverage. A new law has been approved by the Ohio Legislature that will increase the minimum level of auto insurance drivers are required to carry in the state. Though the law has been approved by both the Ohio House and Senate, it must still be signed by Governor John Kasich. If the law receives the Governor’s approval, Ohio…

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Esurance aims to raise auto insurance rates in Illinois

Dan
Questionable tow and glass claims run rampant

Esurance introduces new rate hike for Illinois market Esurance, a leading online auto insurance provider owned by Allstate, is looking to raise the rates of  its coverage in Illinois. The auto insurance company has plans to raise rates by an average of 5% throughout the state by December 11.Esurance suggests that the increase comes after a review of the Illinois insurance market. The company has determined that a rate increase is necessary in order to remain competitive and account for some of the risks that are emerging within the market…

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Auto insurance theft claims low for Prius

Julie Campbell
Vehicle Theft black friday auto insurance claims

According to recent data, thieves seem to avoid this Toyota hybrid vehicle. The National Insurance Crime Bureau has released its statistics related to auto insurance claims for stolen vehicles and has found that the Toyota Prius is rarely targeted by thieves. This popular hybrid vehicle has a very low theft rate Furthermore, the report also showed that even when this vehicle is stolen, it is common for law enforcement to find it quickly and return it to its owner. This can mean good news for the auto insurance premiums that…

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