It looks like 2011 is going to be the year for several states to make all out changes to laws relating to car insurance requirements. Some of the states involved in making changes to existing legislation, are; New York, Oklahoma, and Nebraska. Also, in the car insurance news headlines…several states have decided to raise the minimum liability coverage required. Texas, for instance, has raised the minimum liability limits to 30/60/25. This means $30,000 for each injured person, up to $60,000 per accident. Property damage is staying at $25,000 per accident.…
Read MoreTag: New York car insurance
New York drivers in for steeper point surcharges
The cost of driving in New York can add up and it’s going to get higher. Starting next week drivers better hang up while behind the wheel or they’ll face a steeper penalty on their record. Driving while talking on the phone has been illegal for many years but only now has the point count gone from 1 point to 2. The state requirement allows 11 points over an 18 month time period before you’ll lose your license. Experts agree, since car insurance rates are based on the amount of…
Read MoreNew York’s fire department proposes unpopular “Crash Tax”
The Stanton Island City Council has been pushing around a new proposal that is being referred to as, “crash tax” This new fee will be assessed to both drivers, whether at fault or not, and can become effective as early as this July. The FDNY will charge $490 to each driver involved in accidents resulting in injuries, $415 for vehicle fires and $365 for just showing up. In a statement from FDNY spokesman Steve Ritea, “The intention here is to take the burden off of taxpayers and make the parties…
Read MoreAuto insurance rates going higher
Across the nation, auto insurance premiums have increased by an approximate 1.7% this year according to the Insurance Information Institute despite Americans using their car less due to gasoline prices. For example, in New York they’ve seen a 5 to 7% proposed increase, while in North Carolina it’s 11 to 13% and Illinois already raised theirs by 3 to 13%. With people driving less, the number of road accidents are lessened which results to fewer claims and in turn is beneficial to the auto insurance providers. However, rates are going…
Read More