Auto insurance prices increasing for third year

September 25, 2012April 30, 2013

The cost of vehicle coverage will rise by 2.8 percent this year. American drivers are likely to experience yet another increase in their auto insurance rates, for the third year in a row as insurers attempt to increase their profits in a time that interest rates have been held at record lows, and natural disasters have caused costs to skyrocket. The average driver will likely see an increase of 2.8 percent, according to the Insurance Information Institute. This means that consumers who were paying an average of $816 last year…

Online Auto Insurance gauges the impact of increased auto insurance limit on Texans

January 31, 2012January 31, 2012 Julie Campbell

OnlineAutoInsurance.com has performed an analysis based on the proposed increase in the minimum limit on auto insurance in Texas, and has found that the actual rise that will be seen by the average policyholder will be relatively low, at approximately 6 percent more than what is currently being paid. The site conducted their analysis on 144 different quotes and has discovered that though many people were opposed to the increases in the auto insurance minimums in the state in 2011 because of concerns about cost, the actual increase in expense…

What consumers should know when shopping for car insurance; cheap is not always better

July 22, 2011July 22, 2011 Marc

Before you hit “Buy Now” consider this when online shopping for car insurance. It doesn’t matter what kind of car you drive, experts in the industry are reminding drivers that at the time of a collision, there is a significant difference between a good quality auto insurer and policy, and one that is weaker or that offers less. Many consumers are finding this out when trying to save money but learn that fly-by-night insurance carriers are not there for them nor have they been properly advised. Unfortunately, with budgets being tighten, many are…