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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Nationwide joins comparethemarket.com to offer auto insurance to the UK
Comparethemarket.com, one of the largest price comparison sites serving the insurance industry in the UK, has announced that Nationwide Insurance has joined its panel of insurers. The company, which boasts of being one of the largest property insurers in the U.S., also has an expansive line of auto insurance products. These products will be submitted to the comparethemarket.com website where they will be subject to comparisons of policies offered by other companies. Jeremy Moll, commercial director for comparethemarket.com, hopes that consumers will have a broader understanding of the differences in…
Read MoreAllstate’s acquisition of Answer Financial and Esurance reflects a change in consumer insurance shopping habits
Allstate Insurance has announced that it has acquired Answer Financial and Esurance, which underlines the continuing changes in the way that consumers shop for their auto insurance. According to Online Auto Insurance (OAI), it also illustrates a number of opportunities that have arisen from these changes so that insurers. An increasing number of consumers in the United States have been buying their auto insurance policies directly from the insurers through their websites, as opposed to speaking with an agent. This trend has led some of the larger insurance companies, such…
Read MoreNew California legislation changes rules for unlicensed drivers
A new bill has been signed into law by California Governor Jerry Brown, banning local police agencies at sobriety checkpoints from being able to continue to impound vehicles when they discover that a driver does not have a license. The reason for this decision is that impounding a vehicle can come with a very high price tag, especially when they can last as long as a full month. California Watch, an investigative reporting website, noted that for every impounded car, “up to $2,000 in fines and fees” is generated. However,…
Read MoreStudy shows that millions of Americans drive drunk each year
– Could spur new drunk driving and insurance laws in Florida. A new study from Online Auto Insurance, an insurance organization that conducts regular research on a variety of issues facing the insurance industry, shows that millions of U.S. motorists drive drunk every year. The study highlights the need for stricter laws regarding drunk driving and notes that the sheer number of people driving under the influence of alcohol may be driving up insurance prices. The study corroborates findings from a recent report from the Centers for Disease Control and…
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