Live Insurance News

Tesla lifetime insurance underscores company’s belief in self driving car

February 27, 2017February 24, 2017 Marc

This could mean that customers buying these vehicles may never need to pay insurance premiums. When customers start shopping for Tesla self-driving cars, they may soon have the option to purchase lifetime insurance. They will also have the opportunity to buy a maintenance package. This could mean that while the vehicles drive themselves, their owners also never need to pay for coverage or repairs. Elon Musk, CEO of Tesla, is so confident in the self driving vehicle safety features that they are being bundled with lifetime insurance and maintenance packages…

Auto insurance crash test results weren’t what Tesla and BMW wanted

February 2, 2017February 1, 2017 Nordstrom

Electric cars didn’t receive the top grades they were seeking from the Insurance Institute of Highway Safety. The auto insurance crash test results for two luxury electric vehicles – the BMW i3 and the Tesla Model S – were not as high as the automakers had wanted. Both 2017 model vehicles failed to score the top safety ratings from the Insurance Institute for Highway Safety. As a result, neither the BMW electric vehicle nor the one from Tesla earned the Top Safety Pick award. The Insurance Institute for Highway Safety…

Insurance strategy changes and upgrades for 2017

January 3, 2017December 30, 2016 Julie Campbell

mother baby insurance strategy review computer

As the new year begins, a little bit of attention to your coverage plans could make for a better 2017. As 2017 gets started, the last thing on your mind might be reviewing your insurance strategy. After all, you likely have resolutions for healthier living and saving more money to keep up with. However, giving your policies a little bit of attention now can help to ensure the rest of the year will be better for you. The health of your insurance coverage is an important issue, and a new…

Tennessee auto insurance verification system is on the way

December 28, 2016December 26, 2016 Logan B.

Californian’s now have more choices in auto insurance

The state will be implementing a new system at the start of 2017 to comply with the Financial Responsibility Law. The state Department of Revenue is launching a Tennessee auto insurance verification system at the start of next year. Early 2017 will bring a new system with it to promote compliance with the Financial Responsibility Law in the state. The Department of Revenue is encouraging drivers to make certain that they will be compliant in 2017. The department is urging motorists to look into their Tennessee auto insurance coverage to…

Auto insurance discounts from new safety features are few and far between

November 11, 2016November 9, 2016 Marc

auto insurance discounts new york traffic taxi

Automakers are continually adding safety features to their models but this isn’t making coverage cheaper. Every year, vehicles have a new list of safety features, but they don’t appear to be reflected in auto insurance discounts. A handful of years ago, the devices commonplace in the latest models didn’t even exist. In theory, these are making cars safer. Yet insurance companies are not reflecting that safety boost in the premiums charged for coverage. Many consumers are now asking why they’re not paying less when they own far safer vehicles. The…

Car insurance company fails to use Facebook to learn about potential customers

November 3, 2016November 2, 2016 Logan B.

The social network has stopped a U.K. insurer from using people’s posts as a part of rate calculations. Facebook is now blocking U.K. car insurance company, Admiral Insurance, from being able to use customer posts as a part of their premiums calculations. The insurer intended to look at everything from the use of superlatives (for example, “never”), to the frequency of use of exclamation points and even the length of posts to decide a customer’s rate. That said, Facebook was quick to stop the auto insurance company before it could…

Auto insurance claims still need human participation, J.D. Power

October 31, 2016October 28, 2016 G. Turner

According to a recent customer satisfaction study, consumers love tech but still need human interaction. While consumers may love technology for many interactions, auto insurance claims still need that human touch. The J.D. Power 2016 U.S. Auto Claims Satisfaction Study showed tech hasn’t fully replaced people. The research showed that Generation Y is less satisfied by the insurance claim process than any other generation. The study defined Generation Y as people born between 1977 and 1994. They found the auto insurance claims process to be the least satisfactory of any…