Auto insurance minimum coverage required in Ohio may rise

car insurance auto claims

Drivers in the state may see a number of changes to their vehicle coverage over the next while. Ohio auto insurance customers have just discovered that there may be a number of different coverage changes that they will be seeing over the next year and beyond. This is due to the fact that House Bill 278 was passed by the Ohio House of Representatives. Should the bill be approved, it will mean that the minimum auto insurance amounts that are required for valid proof of financial responsibility in the state,…

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Auto insurance estimates for damage from Sandy reach 230,000 vehicles

Homeowners flood Insurance

The NICB has released its preliminary estimates from the superstorm, showing most is in NY. The National Insurance Crime Bureau has now revealed its preliminary auto insurance estimates for vehicles that were damaged when Sandy came crashing through. The NICB believes that there were around 230,000 vehicles affected by the storm. The auto insurance estimates have indicated that of that total, around 130,000 are located in the state of New York, while another 60,000 are in New Jersey. The remaining 40,000 vehicles in that total are from Maine, Washington D.C.,…

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Ohio insurance shows that its rates in many sectors are highly affordable

Ohio homeowners Insurance

A recent study compares auto and homeowner policies over a span of three years. Though the storms that Ohio has faced over the last few years have made insurance news in their ever increasing effect on rates, despite the rises in premiums, the state is still among the most affordable places to purchase both auto and homeowners coverage. Homeowners premiums have risen in Ohio by an average of 6,2 percent since 2011. This, according to the latest Ohio Department of Insurance news data. Similarly, statistics from that department have also…

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Negligent parking makes insurance news as innocent drivers pay the price

A recent study is making insurance news as it indicates that the cost of collisions has now added £1.3 million worth of damage to cars – A cost which must eventually be paid through the premiums of policyholders. Moreover, the study showed that only 1 in every 6 drivers said that they would leave their insurance information for the damaged car owner, and among them, 45 percent said that they would do so only if it looked like the damage was serious. Most of the careless parking incidents appeared to…

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Progressive makes insurance news with opportunities for drivers to save

Progressive has made several announcements regarding ways in which it is making auto insurance coverage more affordable. For example, it has announced that drivers in West Virginia will now be seeing lower premiums for their car insurance. According to Allison Feakins, the West Virginia product manager for Progressive, “We make it easy and affordable for consumers to get car insurance.” She explained that the company is regularly reviewing the rates that it charges and that the market conditions have now permitted some changes that will assist individuals in saving money. Moreover,…

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