American drivers are braced for more increases in the premiums they’re paying on their auto policy. Across the US, there were three states that experience car insurance price increases by 25 percent last year, and experts are cautioning American motorists that the premiums are expected to continue rising. As much as auto premiums rose last year, 2023 is likely to see policies getting more expensive. Interest rate increases, inflation, the volatility of gas prices, and a spectrum of other causes have sent car insurance rates skyward in the last year.…
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Same-sex partners in Illinois to qualify for auto insurance discounts with Esurance
Esurance has announced that it will be providing discounts for auto insurance to same-sex partner customers in Illinois. Following the June 1, 2011 start of the Religious Freedom Protection and Civil Union Act within the state, which provided same-sex couples with the right to civil union and rights equal to other married couples, Esurance declared that it would also respect this union and qualify same-sex partners for auto insurance discounts in the same way they would qualify opposite-sex spouses. The savings that can be as high as 10 percent, or…
Read MoreMetLife Auto & Home supports GM free insurance promotion
MetLife Auto & Home has announced that it stands by General Motors in its direct marketing agreement to offer new car buyers a year of free auto insurance. The promotion gives MetLife Auto the opportunity to increase its brand recognition, which it hopes will then help it to build its force of independent agents. That said, many independent agents have voiced concerns over this deal, which is offered only in Washington state and Oregon. The president and chief executive officer of the Independent Insurance Agents & Brokers of America…
Read MoreAgents concerned of GM free MetLife insurance offer
Independent insurance agents in the Pacific Northwest have been voicing their apprehension over a promotion made by General Motors that offers auto buyers in the area a year of free MetLife Auto & Home liability and damage coverage. In an effort to encourage more drivers in Washington and Oregon to purchase new GM vehicles, the auto manufacturer has announced that until September 6, when customers in those two states purchase a new 2010, 211, or 2012 car, crossover, or truck, they would also receive a free year of MetLife Home…
Read MoreLooking to boost sales, General Motors offers free insurance for new cars.
General Motors is no stranger to financial troubles. The 2008 recession, whose effects still linger to this day, took a heavy toll on the auto maker. The company was forced to shut down several factories, lay off thousands of workers and discontinue some of their models. Recovering from the recession has been no small feat for the world’s businesses, but the auto industry has had a particularly rough time of it, due mainly to the additional expenses that come with purchasing a vehicle. In an effort to boost sales, GM…
Read MoreOregon senators give community car sharing programs a much needed boost
Oregon senators have given their approval to a bill that eliminates a number of the obstacles faced by emerging community car sharing programs, in an effort that would appear to be designed to increase participation in this environmentally friendly activity. The House Bill 3149 was approved in a 25-3 vote. This bill was designed to set the personal vehicle sharing program standards. It has added the necessity for these programs to provide motor vehicle liability insurance, and should injury or loss occur during a time when the vehicle is being…
Read MoreUninsured motorists are in for a surprise with new “no pay/no play” law
Kansas set to join the growing number of states adopting the “no pay/no play” insurance law in an effort to reduce the number of uninsured drivers. States across the nation are enforcing new laws in an attempt to get drivers to obtain and keep insurance. The latest statistics show around 13 percent of Kansas drivers are uninsured. While not good, it is still lower than several states, including neighboring Oklahoma, whose uninsured drivers rank over 20 percent. The property and casualty insurers’ support the no pay/no play laws and feel…
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