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…
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Dallas-Fort Worth police are pulling over drivers to hand out gift cards
Though the first instinct of a driver may not be to smile and get excited when he or she is pulled over by a police officer, this week was the exception in several cases in Dallas-Fort Worth, Texas. There, some occurrences of being pulled over weren’t to hand out a ticket or a warning, but were instead to hand out $10 gift cards. A North Texas police department has been doing this all week in order to reward drivers who have been showing safe driving habits. Police officers have been…
Read MoreHartford to test a new form of car policy in 2012
Hartford Financial Services Group has announced its intentions to begin a pilot program in 2012 for an auto insurance policy based on telematics. Hartford’s president of consumer markets, Andy Napoli made the announcement during the company’s investors meeting. The new policy will be using telematics. According to Napoli, using the “devices in insured vehicles to transmit information about driving behavior, such as miles driven, speed, acceleration, deceleration, and using that information to price the risk.” This pilot program will be known as TrueLane and will begin in the first half…
Read MoreAuto insurance rates are on the rise in Texas
Many of the largest auto insurance companies in Texas will be raising their rates as a result of losses and new liability limits that will have been implemented with the start of this year. Several of the insurers are citing the new liability limit rules exclusively as the cause of their increases. According to Mark Hanna from the industry trade group called the Insurance Council of Texas, these regulations require that drivers within the state must carry policies that will provide coverage for up to $25,000 for property damage per…
Read MoreOver 20 percent of drivers in Texas aren’t insured
In Texas, more than 1 in every 5 drivers does not have adequate auto insurance to comply with the laws within that state. According to a recent report by the Texas Department of Insurance, 21.6 percent of all of the drivers in the state were operating their vehicles while uninsured. Dallas County had the largest number of uninsured drivers among the most populated counties in the state, with 24.1 percent of its drivers lacking insurance. Bexar county followed closely behind with 22.9 percent of drivers being uninsured. In the entire…
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