An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…
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Millions of drivers may be eligible for car insurance discounts, according to Progressive Insurance
Progressive Insurance has issued a new report detailing how as many as 70 million drivers in the U.S. could be missing out on major savings. The insurer launched a new product earlier this year that collects data from drivers who opt to have a simple device installed in their vehicles. The device tracks driving habits and send the information to Progressive agents who determine whether these habits are safe. Those with safe driving habits are eligible for major discounts on their car insurance policies. Progressive’s report draws upon data collected…
Read MoreCar insurance rates in Georgia to fall for State Farm customers
Policyholders in Georgia with State Farm Mutual Automobile Insurance Co. can look forward to a decrease in their rates by an average of 2.2 percent starting on November 21, 2011. State Farm is the leading car insurance company in Georgia. It will be saving its customers in the state a total of $23.2 million per year. The Georgia Insurance and Safety Fire Commissioner’s office explained that the reduction in rates by State Farm are not the result of any state mandates. According to one of the commissioner’s spokespeople, the Georgia…
Read MoreCar insurance: truth, lies, myths, and reality
When it comes to auto insurance, there is a lot of information available, but it’s hard for insurers and customers alike to know what to believe, what is a deception, and what is simply an urban myth. A recent study performed in the United Kingdom by eCar – an eInsurace Group serving more than 28,000 monthly insurance applications – found that women drivers are slightly more likely than men to alter the truth when they submit an auto insurance application. The study also showed that there has been an increase…
Read MoreAllstate insurance ranks American cities for most and least likely to have an auto accident
Allstate Insurance has released its annual ranking of the best and the worst cities for traffic accidents… with Washington D.C. ranking as the city with the greatest likelihood of collisions, and Fort Collins, Colorado holding the distinction of having the lowest odds of a crash. In order to rank the cities, the insurer compared the frequency of auto collisions with the population of the city. This provided Allstate with the average driver’s odds of being in an accident. They also compared that likelihood with the average for the country. In…
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