Live Insurance News

Progressive to launch new app to help drivers save money on auto insurance

September 8, 2015September 6, 2015 S.Vagus

New app will work in tandem with insurer’s Snapshot program Progressive Insurance has begun developing a new pilot mobile application that may allow drivers to earn discounts on their auto insurance coverage. The insurer has chosen Censio to develop the software for the new mobile application, which will be based on Progressive’s usage-based insurance program, called Snapshot. This type of insurance coverage is becoming more popular among consumers, especially as they look for ways to save money on the coverage they have. Usage-based auto insurance continues to attract more interest…

Auto insurance premiums can nearly double as a result of teen drivers

August 25, 2015August 22, 2015 Julie Campbell

In Ohio, when young motorists are added to a parents’ policy, it can cause premiums to spike sharply. The results of a new study from InsuranceQuotes.com has revealed that when teens in Ohio are added to the auto insurance policies of their parents, they are sending premiums up by a massive 84 percent. This means that one teen driver on a policy nearly doubles the insurance premiums that are paid. The explanation that has been offered for these far higher auto insurance premiums is that, statistically speaking, teens are notably…

Proof of auto insurance laws change in New Jersey

August 19, 2015August 17, 2015 Julie Campbell

The state has now legalized electronic coverage cards at the same time that license plate rules have been altered. Two new laws have now become active in New Jersey that will have an impact on drivers, the first of which involves the way that they can provide proof of their auto insurance coverage and the other has to do with their license plates, which stated that plates can no longer be obscured. The first makes it possible for drivers to provide proof of insurance in an electronic form, such as…

Auto insurance fraud is growing in the UK

August 19, 2015August 17, 2015 Marc

auto insurance refund Senior Man Driving A Toy Racing Car

Fraud is beginning to expand throughout the United Kingdom Auto insurance fraud continues to expand in the United Kingdom. According to the Association of British Insurers, fraud is quickly becoming one of the most problematic challenges that the insurance industry is facing. The number of fraudulent insurance applications, in particular, is increase, which is beginning to put more strain on insurance companies and is leading to higher costs as insurers invest more in anti-fraud measures. Auto insurance fraud is likely to place consumers under greater financial pressure, as well, as…

Widespread auto insurance fraud detected through driver database

August 18, 2015August 17, 2015 H. Cutner

Within the first year that insurers have had access to this database, there has been an 18 percent increase in detection. By the first anniversary of the day that the government in the United Kingdom provided auto insurance companies with access to the details of more than 40 million motorist details through a driver database, the insurers were capable of using the information to detect a far higher number of fraudulent applications. In fact, there was an 18 percent increase in the number of detection of lies on application forms…

New hack could mean trouble for the auto insurance industry

August 17, 2015August 15, 2015 S.Vagus

Hackers have managed to take remote control of a vehicle Hackers may be presenting the auto industry with a serious new challenge. Recently, hackers were able to take control of a Jeep Cherokee through the vehicle’s entertainment system. The hackers in question are Charlie Miller and Chris Valasek, two security specialists that have begun to focus on the hackability of vehicles. The Jeep was hacked in order to showcase the risks that the auto industry, and by extent insurers, now face as digital threats become more prevalent. Hack allows Miller…

Auto insurance fraud is coming back to the UK

August 14, 2015August 13, 2015 S.Vagus

Insurers are seeing a growing number of fraudulent whiplash claims coming from drivers and other parties Drivers in the United Kingdom can expect to pay more for their auto insurance coverage, as the plague of fraudulent whiplash claims has returned and may be worse than ever. Fraud has placed many insurers under greater financial pressure, and falling profits typically mean higher insurance premiums. As fraud becomes more prevalent, drivers may see an increase in their auto insurance premiums of an average of 15% next year. Fraud is becoming more common…