Live Insurance News

Allstate pay per mile insurance rolls out for New Jersey drivers

July 5, 2018July 2, 2018 Julie Campbell

Pay per mile insurance - Speedometer - Miles

The Milewise program makes it possible for low-mileage drivers to pay based on their usage. New Jersey drivers now have a new pay per mile insurance policy available from Allstate. The auto insurance company has rolled out Milewise in the state. This insurance policy is designed to appeal to drivers who don’t go very far in their vehicles. The Allstate Milewise pay per mile insurance policy allows drivers to reduce their coverage expenses by driving less. The less these motorists use their vehicles, and the shorter the distances they travel,…

The Wells Fargo scandal continues to bite with 38,000 erroneous letters mailed

February 20, 2018February 17, 2018 Nordstrom

The auto insurance scam involved selling unnecessary coverage and now includes sending letters containing mistakes. The Wells Fargo scandal that rocked the financial services company in the second half of last year just became more unpleasant. As the bank attempts to recover from the latest damage to its reputation in which auto loan customers were sold insurance policies they didn’t need, they’ve now made another mistake they didn’t need. The bank accidentally sent out letters about the auto insurance scam containing erroneous information. The Wells Fargo scandal involved requiring car…

Michigan auto insurance rates are highest of any U.S. state

February 8, 2018February 7, 2018 Nordstrom

Newly released survey results show that drivers in the state aren’t wrong about how much they’ve been paying. It shouldn’t come as much of a surprise to know that Michigan auto insurance rates are high. Drivers in the state have been complaining about their premiums for years and lawmakers have made several attempts to alter this situation. A recent survey has confirmed yet again that Michigan drivers are indeed paying more than any other state. The survey confirmed that Michigan auto insurance rates are in fact the highest, on average,…

Caitlyn Jenner crash settlement requires star to pay $800,000

January 30, 2018January 27, 2018 G. Turner

caitlyn jenner crash auto insurance payment settlement

The celebrity’s auto insurance is expected to cover part of the payment for the fatal car crash from 2015. The Caitlyn Jenner crash that resulted in a fatality in New Zealand in 2015 now requires the celebrity to pay out NZ $1 million (about US $800,000). The settlement surrounding the car accident was expected to come with a hefty payment. The massive settlement was reached following a fatal car crash two years ago on the Pacific Coast Highway. The Caitlyn Jenner crash occurred when she rear-ended a vehicle in traffic.…

Self-driving car insurance for electric vehicles lacking in the United Kingdom

January 3, 2018January 1, 2018 Marc

Electric car - self-driving car insurance

Axa claims that Great Britain may be lining up to miss out on driverless vehicle technology. A lack of appropriate infrastructure and a shortage of self-driving car insurance is setting up the United Kingdom to face serious challenges if it doesn’t want to get left behind with driverless electric cars, says the Axa insurance company. Autonomous vehicles are facing considerable barriers in the U.K. due to the lack of fast charging bays, among others. Drivers of electric cars are already facing struggles with the fact that there aren’t enough rapid…

Wells Fargo could face additional sanctions due to auto insurance practices

December 5, 2017December 2, 2017 Marc

The bank may be facing even more penalties from a federal regulator due to mortgage and insurance scandals. Wells Fargo & Co. may already have faced penalties for its mortgage and auto insurance practices but they don’t seem to be over yet. A federal regulator may be applying more sanctions to the bank as a result of practices that have come to light over the last few months. Among the car insurance practices was one that forced car loan customers to pay for unnecessary coverage. Last week, the Wall Street…

Georgia auto insurance rates driven skyward by massive crashes

November 17, 2017November 15, 2017 G. Turner

Serious car wrecks are becoming more frequent in the state, making it more costly to insure vehicles. Georgia auto insurance rates are expected to rise yet again, following several other consecutive increases. According to experts in the industry, the growing expense associated with car insurance premiums has to do with the number of serious crashes in the state. The number of accidents and the severity of the crashes are both on the rise and it is costing insurers. As a result, Georgia auto insurance companies find themselves raising their rates…