An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…
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Insurance industry giving more vehicles a top safety rating
According to the Insurance Institute for Highway Safety’s vehicle tests for the 2012 models, a tremendous 115 achieved the “Top Safety Pick” rating. This was the case even for the 2012 vehicle base models, as they must now include electronic stability control, antilock brakes, multiple airbags, and a tire pressure sensor monitor. The more expensive models included additional safety features such as blind-spot warning alerts and lights, and backup cameras. As a result, deaths from traffic incidents are declining. According to data from the U.S. Department of Transportation, in 2010,…
Read MoreThe end of the year brings an increase in vehicle sales
The demand in the American automobile marketplace has risen at a higher rate than was forecasted, as automakers are now aimed at the best yearly performance that it has seen since 2008, having sold 12.8 million vehicles in 2011. At the start of December, consumers have finally started making their way back to vehicle shopping and are seeking models that range from luxury sedans and large pickup trucks to the trendy low fuel consumption hybrids. This has helped to boost the sales in November to the fastest monthly rate since…
Read MoreTravelers of Massachusetts unveils New Car Discount program for reduced insurance costs
Travelers of Massachusetts has announced that in response to the increase in new purchases – which, according to the Massachusetts Registry of Motor Vehicles, is expected to beat the 310,547 purchased last year by 7 percent – it is launching the New Car Discount. This will help the residents of Massachusetts who have purchased new cars to obtain greater savings on their auto insurance. In fact, drivers with new vehicles – that is, those that are less than three years old – will be able to use it to obtain…
Read MoreCar insurance: truth, lies, myths, and reality
When it comes to auto insurance, there is a lot of information available, but it’s hard for insurers and customers alike to know what to believe, what is a deception, and what is simply an urban myth. A recent study performed in the United Kingdom by eCar – an eInsurace Group serving more than 28,000 monthly insurance applications – found that women drivers are slightly more likely than men to alter the truth when they submit an auto insurance application. The study also showed that there has been an increase…
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