Auto insurance in the U.K. became much more costly, last year

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According to data from the ABI, premiums for insuring a car increased by an average of 8 percent. In the final quarter of last year, auto insurance premiums in the United Kingdom increased by an estimated 7 percent, when compared to the rates that had been charged to customers during the previous quarter. Throughout all 2015, it is estimated that the increase in car insurance premiums in the U.K. was 8 percent. The increase in auto insurance increases had a great deal to do with a premiums tax that has…

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Michigan auto insurance comes with the highest premiums in the country

michigan auto insurance

According to a recent report, drivers in this state are paying far more than those in the rest of the U.S. Drivers in Michigan are not necessarily surprised at the results of an auto insurance data analysis that were recently published by which revealed that those motorists are the ones paying the highest premiums for their coverage. The state has a history of far more expensive car insurance than the average for the rest of the country. According to the statistics released by the firm, drivers in Michigan are…

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New Jersey auto insurance is once again found to be most expensive

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A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…

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Auto insurance, repairs, and gas considered to rank states for cost of vehicle ownership

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The recent study showed that Wyoming is the most expensive state, while Iowa is the cheapest. A new report has now been issued by that has shown that when factors such as the annual cost of auto insurance, repairs, and gasoline are taken into account, the most expensive state in the country to own a vehicle is Wyoming. At the other end of the scale, it is Iowa in which it is the least expensive to own and drive a car. When looking at the average costs of…

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Auto insurance premiums calculations are under the microscope

auto insurance premiums

Insurers and industry groups are seeking to lower rates through the better use of available data. According to the research conducted by consumer groups, the factors that are being used to calculate auto insurance are being used unfairly for that practice, as issues unrelated to driving risk are being given far too much weight. These factors go far beyond the obvious points such as speeding tickets and car accidents. The New York Public Interest Research Group and the Consumer Federation of America have both issued their own separate reports that…

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