Live Insurance News

Study reveals top credit card rental car insurance coverage for 2015

June 25, 2015June 24, 2015 G. Turner

A research analysis conducted by CardHub has provided considerable insight into this sector of the industry. The summer travel season has begun and many people are starting to ask themselves whether or not they need rental car insurance or whether their credit card coverage will provide them with the protection that they need while they are on vacation. The answer isn’t necessarily an obvious one, as not all credit cards provide the same auto coverage. CardHub recently conducted a study to help consumers to understand the level of rental car…

Could a smartphone app soon be as important as auto insurance to drivers?

June 22, 2015June 20, 2015 G. Turner

land rover sport mobile app auto insurance

Will there one day be a time when a mobile device battery will be a critical part of a daily commute? The latest mobile trends are starting to make their way into the territory of driving and auto insurance to an increasing degree, as electronic proof of coverage cards are allowed in the majority of states, and now Range Rover has announced that a smartphone app can drive one of its vehicles. Jaguar Land Rover is currently testing an SUV that can be controlled by way of a smartphone application.…

Insurance fraud investigation begins at Uber

June 18, 2015June 22, 2015 Julie Campbell

The rideshare company is now being investigated after it failed to detect falsified driver documentation. Transportation for London (TFL) has now launched an insurance fraud investigation into Uber, the app based ride share company, after a person successfully used falsified proof of coverage documents in order to become a driver. A whistle blower determined that it was possible to Photoshop insurance cards and pass Uber’s screening. The whistle blower remains unnamed but was already a driver for Uber. The insurance fraud test occurred when that person uploaded fake documents from…

North Carolina legislation could reduce auto insurance premiums

June 15, 2015June 17, 2015 S.Vagus

House committee approves legislation to provide restricted licenses to undocumented residents A legislation approved by a North Carolina House Finance Committee could make auto insurance premiums lower for drivers in the state. The legislation would grant limited driving privileges to undocumented immigrants. These people would be required to have auto insurance coverage, as mandated by the federal government and state law, and the influx of new consumers could be good news for other drivers in the state. Insurance rates could go down by a modest degree because of the new…

Credit has a big impact on auto insurance premiums

June 12, 2015June 11, 2015 Marc

Report highlights the effect that credit data has on insurance prices Credit score has a lot to do with auto insurance rates, according to a recent report from WalletHub, a personal finance organization. The report focused on how a driver’s credit score affects their insurance rates in the United States. All states but California, Hawaii, and Massachusetts were examined for the report. In these states, using a driver’s credit history to price auto insurance coverage is illegal, so such information does not contribute to higher premiums. Those with no credit…

Google is making a move into the auto insurance sector

June 11, 2015June 10, 2015 Nordstrom

Driverless self-driving car Google auto insurance

Driverless cars could have a major impact on the auto insurance market Self-driving cars are coming and that may change Google’s position in the auto insurance space. Recently, Google launched its insurance rate comparison service in the U.S. Called Google Compare, this service has been operating in the United Kingdom for some time, representing quotes from 124 insurers in the country. The UK government has already approved the testing of driverless vehicles on public roads, but U.S. regulations are still somewhat restrictive. These vehicles could have a significant impact on…

Allstate auto insurance to cover rideshare drivers

June 9, 2015June 6, 2015 Julie Campbell

People who are driving with the use of app based services like Uber will now have the insurer’s coverage available. Allstate auto insurance offerings will now be including coverage for drivers who will be using apps such as Uber and Lyft in order to pick up ride sharing passengers in order to earn an income. The auto insurance coverage will come with an average premium of between $15 and $20 per year. The announcement about the new type of Allstate auto insurance policy also explained that the goal of the…