Live Insurance News

Self-driving cars could lead to lower auto insurance premiums

July 23, 2015July 22, 2015 Nordstrom

Insurance premiums could fall significantly due to automated vehicles Self-driving cars could help save motorists money on auto insurance coverage, according to insurance startup Metromile. The company has released a new report that suggests that drivers could save as much as $1,000 a year on coverage due to automated vehicles. These cars could cost as little as $250 a year to insure, and they may serve as a disruptive force for the auto insurance industry in the coming years. Self-driving cars are not subjected to human error in the same…

Auto insurance prices in U.K. continue to drop

January 31, 2014January 28, 2014 H. Cutner

According to the A.B.I., the average amount paid to cover a vehicle is still on its way downward. The cost associated with purchasing and owning auto insurance in the United Kingdom has dropped another 9 percent over the last year as a growing number of consumers are using the resources available to them over the internet to be able to comparison shop and find better rates. This, according to a survey which also credits fewer claims into the dropping premiums. The data was provided by the Association of British Insurers…

Donating a car in California will affect your auto insurance rates

January 15, 2014January 15, 2014 G. Turner

Donating a car in California auto insurance

Many people are surprised at the impact of donations on their own premiums. Watching the recent news headlines has revealed that donating a car in California has become a growing trend in the state, but at the same time, many of these generous individuals and businesses are discovering that the impact that this can have on auto insurance premiums can be a surprising one. There are many different factors impacting premiums and a donation can alter these calculations. While many people feel that by donating a car in California, they…

CarInsuranceCalculator.info Shows Strategies To Decrease Average Auto Insurance Costs

July 31, 2013April 21, 2014 Guest Author

“The most fascinating thing about car insurance seems to be their costs” explains Steve, project manager at CarInsuranceCalculator.info. “So we compiled a new guide, containing the average car insurance costs per state and age in the US and added a good deal of practical measures to improve the insurance score”. Average data has a limited relevance as premium prices are heavily dependent on a complex combination of both individual and less individual characteristics. Among the individual factors are driving records and history, credit scores, marital status and others. Less individual…

Auto insurance rates in Texas higher in families with teen drivers

July 4, 2013January 10, 2014 H. Cutner

Parents are paying premiums up to 71 percent higher in the state because of these younger motorists. Parents of teen drivers in Texas are watching their auto insurance premiums skyrocket as they add their adolescent children to their policies, causing them to have to pay an average of 71 percent more than they used to. The parents in the state are finding the family premiums to become suddenly more difficult to afford. When teens are old enough to obtain their driver’s license, it is one of the most important and…