Tag: Auto Insurance

Auto insurance competition helps U.S. drivers

Julie Campbell
Auto Insurance rates and prices

It is believed that this heavily regulated industry keeps its prices down because of the need to compete. The Insurance Information Institute (I.I.I.) has released a report that has stated that even though the auto insurance industry is extremely regulated in the U.S., the high level of competition within the marketplace is making sure that coverage is broadly available to motorists and stays affordable. The cost of this coverage has been increasing at a slower rate than gasoline and healthcare, said the I.I.I. In response to a Consumer Federation of…

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Auto insurance electronic proof law signed by Missouri governor

Julie Campbell
digital electronic mobile proof of auto insurance

Gov. Jay Nixon has now added his signature to House Bill 322 so that coverage cards can be shown digitally. The Governor of Missouri, Jay Nixon, has now signed House Bill 322, which will give drivers the opportunity to use their smartphones and other mobile electronic devices to display a digital version of their proof of auto insurance, which will be considered an allowable format for official situations. These devices are being used by people for a growing number of purposes and could make proof more convenient to display. According…

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Auto insurance minimum requirements may rise in Illinois

H. Cutner
Illinois Auto Insurance

The General Assembly is waiting for the governor to decide whether or not he will sign off on it. The last time that Illinois established a minimum mandatory auto insurance level for motorists was in 1989, at which time $20,000 was felt to be sufficient coverage for liability coverage. However, over the years, that amount has been able to cover a decreasing portion of medical bills for people injured in accidents. Nearly a quarter of a century later, the state is now passing legislation to increase the required liability auto…

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Auto insurance program in California reduces rates again

Julie Campbell
California Auto Insurance

The state department announced that for the second year in a row, it would be shrinking the price of coverage. The California Department of Insurance (CDI) has just revealed that it will be lowering the California Low Cost Auto Insurance Program (CLCA) rates yet again for a second year in a row. The premiums are exceptionally low within this program, making it easier for certain good drivers to obtain coverage. Annual auto insurance premiums for drivers within this program typically range between $226 to $338. It is available for good…

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Auto insurance shoppers using Firefox find cheaper rates

G. Turner
Auto insurance customer satisfaction falls in US

Depending on the web browser you use, you could be paying more or less for your coverage. While a web browser may appear to have very little to do with auto insurance rates, a recent study has shown that the choice consumers make regarding the browser that they use can often determine how much they will pay for the same amount of coverage. A recent analysis comparing rates obtained and browser revealed some striking patterns. The study was conducted in honor of National Insurance Day, which fell on June 28,…

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