Live Insurance News

3 in 4 female drivers say gender shouldn’t be an auto insurance quote factor

June 14, 2022June 13, 2022 H. Cutner

A recent Forbes Advisor survey showed that most drivers feel they are overpaying for their coverage. Nearly 60 percent of American drivers believe that they are overpaying for their auto insurance coverage, according to a survey conducted by a team at Forbes Advisor. The research also examined drivers’ perception of different factors used to calculate premiums. The survey examined the various pricing factors for auto insurance and American drivers’ opinions on the use of those factors to calculate their premiums. The research involved the participation of 2,000 drivers across the…

Ways to Reduce Your Car Insurance

October 18, 2021 Guest Author

When it comes to owning a car, one of the biggest expenses that people inevitably find themselves dealing with is insurance. However, rather than simply paying the first price that you see, it is a much better idea if you look into ways of reducing the overall car insurance. Here we have compiled a few of the top ways of doing just this. Shop Around for Different Quotes The internet has provided an invaluable tool for shopping around for different car insurance quotes, so it certainly makes sense that you…

American auto insurance marketplace competitiveness underlined by I.I.I. using research findings

July 4, 2012July 4, 2012 Nordstrom

Quotes vary enormously showing significant difference in risk assessment by insurers. The Insurance Information Institute (I.I.I.) has used the findings of a recent survey to determine that American drivers in low and moderate income ranges can greatly benefit from the high level of competition in the auto insurance marketplace. At the same time, the Consumer Federation of America (CFA) is seeking to find out why quotes vary so much. According to the I.I.I. president, Dr. Robert Hartwig, who is also an economist, the answer to that question isn’t complicated. “The…

Auto insurance companies offer some motorists variable and high rates for low coverage

June 26, 2012June 26, 2012 Julie Campbell

Good drivers from areas of moderate incomes are seeing increased costs. According to data from the Consumer Federation of America (CFA), which just released a report on its research, the majority of good drivers – that is, those who have no moving violations or accidents on their records – who reside in the moderate income areas of 15 cities included in the study, are receiving quotes for high rates by the leading insurers for auto insurance for the lowest legal liability levels for their states. Among the rate quotes, 56…

Progressive Insurance adds to mobile commerce offerings with recreational and sports vehicle coverage quotes

March 9, 2012March 9, 2012 Nordstrom

Progressive Insurance has announced that it has expanded its mobile commerce offerings to consumers by adding the ability to use a smartphone or tablet in order to receive quotes for the coverage of motorcycles, RV’s boats, and other recreational and powersports vehicles. Progressive Insurance is already the leading motorcycle insurance company in the United States, and is also the top boat and RV insurer. Clearly, it saw the benefit in expanding its current mobile quote optimization to include this group of vehicles as well as more traditional cars, SUVs, pickups,…

New dirt bike law may decrease recreational vehicle insurance rates

August 20, 2011August 20, 2011 Marc

President Obama has signed a law that is designed to bring some relief to Americans who are affected by a product safety law that was enacted in 2008 in order to prevent children from obtaining toys containing lead. The law went into effect in 2011 and risked prohibiting the sale of four-wheelers and dirt bikes meant for children aged 12 and younger. Businesses selling these recreational vehicles, and the families who purchase those vehicles from them, asked the federal government for assistance in overcoming this struggle. Congress passed House Resolution…

California Car Insurance: Sequoia offering new “Pay As You Go” insurance plan

April 25, 2011April 25, 2011 Marc

Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…