Live Insurance News

Driverless vehicles may be a threat to the auto insurance industry

March 2, 2016March 1, 2016 S.Vagus

Driverless self-driving car Google auto insurance

Allstate predicts that autonomous cars will have an impact on the insurance industry Driverless vehicles may pose a potential threat to the auto insurance industry, according to Allstate. The company has filed its annual 2015 report, suggesting that autonomous cars could impact the industry in a significant manner. These vehicles are equipped with technology that take the human equation out of driving. Most car accidents are caused by human error, which makes the need for insurance coverage quite abundant. Allstate is concerned that autonomous vehicles will reduce the need for…

Michigan drivers can now show proof of auto insurance with their mobile devices

January 13, 2016January 12, 2016 Marc

New law allows drivers to show proof of insurance with a smartphone or tablet New law in Michigan will allow drivers to show their proof of auto insurance to law enforcement officers with their smartphones or tablets. The legislation was signed into law by Governor Rick Snyder in October of 2015, but the law only took effect on January 5 of this year. The law is expected to provide drivers with more flexibility in proving that they have the necessary auto insurance coverage when they are pulled over by law…

Auto insurance laws in Minnesota change for 2016

December 31, 2015December 29, 2015 Julie Campbell

Drivers should be aware of the new requirements and make sure to have their proof of coverage handy. For anyone in Minnesota who is getting set to purchase a new car, is purchasing a new auto insurance policy or who is renewing a policy will need to be ready to comply with the new laws. Part of those new regulations involve having to provide proof of insurance information at certain times. For instance, for residents of the state who are looking to renew their license tabs on an existing vehicle,…

Auto insurance fraud suffers a blow in the United Kingdom

December 31, 2015December 29, 2015 Marc

UK Ministry of Justice puts an end to compensation for minor whiplash injuries The United Kingdom government is working to combat auto insurance fraud and the Ministry of Justice is putting an end to compensation for minor whiplash injuries caused by car accidents. Instead of receiving compensation from their auto insurance providers, their rehabilitation will be paid for, which the government expected will save consumers an estimated $1 billion a year in insurance costs. Moreover, cutting down of fraudulent claims may lead to a decrease in auto insurance premiums. Changes…

Florida may do away with its no fault auto insurance system

December 28, 2015December 27, 2015 S.Vagus

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

Auto insurance study identifies the worst drivers in the US

December 1, 2015November 28, 2015 Julie Campbell

child kid auto insurance bad worst drivers

Recent research has identified Montana as being the state that has the worst drivers on its roads. As the Thanksgiving holiday weekend came to a close and the weather starts to turn slightly less friendly to drivers, an auto insurance study has determined exactly where the worst drivers in the country live, regardless of how bad or great you think your local road users might be. Montana took the unwanted top spot of having the drivers on its roads that are the most dangerous. The auto insurance research was conducted…

Consumers are favoring shopping online for auto insurance coverage

November 25, 2015November 24, 2015 S.Vagus

Report highlights the trends directing consumer purchasing behavior More consumers are beginning to shop online for auto insurance coverage, according to a new report from comScore. The report highlights the trends that are beginning to emerge in the overall auto insurance industry, with these trends likely to play a major role in directing the shopping behavior of consumers in the future. The report is comprised of information gathered from more than 3,000 drivers throughout the United States, with this information being gathered between August and September of this year. Majority…