Alarming Trends in Georgia’s Auto Insurance: State Ranks Among Least Affordable in Nation A recent report by the Insurance Research Council (IRC), a division of The Institutes, has unveiled alarming trends in Georgia’s personal auto insurance affordability. The report, titled “Personal Auto Insurance Affordability in Georgia,” highlights a significant deterioration over the past decade and a half, positioning Georgia as one of the least affordable states for auto insurance in the nation. With below-average income and above-average auto insurance costs, Georgia has become one of the least affordable states for…
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Alabama takes a stern step in regards to auto insurance
New auto insurance law going active in Alabama Alabama lawmakers consider uninsured vehicles to be a significant problem for the state and have begun to take action. State lawmakers have passed a new law concerning auto insurance and those without coverage. Beginning January 1, 2013, uninsured drivers will be facing stricter penalties for lack of auto insurance coverage. The new law introduces several methods of detection that are expected to root out those without adequate auto insurance coverage and may encourage these people to purchase the coverage they need to…
Read MoreMississippi House faces another attempt for online computer checks for car insurance
The Mississippi House is yet again moving ahead with a proposal to establish online computer checks to make certain that motorists are covered by car insurance. Last year, former Governor Haley Barbour vetoed a similar measure. Insurance Research Council data from 2009 shows that Mississippi is the state with the highest portion of uninsured drivers in the country, having reached 28 percent. In fact, that is twice as high as the Council’s national average for uninsured drivers. This latest measure was sponsored by Gary Chism (R-Columbus), the House Insurance Committee…
Read MoreCan drivers use their vehicles without auto coverage?
Many drivers wonder if it’s legal to use their cars without any insurance, and the answer is that it is possible to do so in many states, as long as those drivers also have a very large amount of cash. In Ohio, as long as you carry a form of proof of financial responsibility, you are legally allowed to drive without any car insurance. To do this, you must either make a deposit of at least $30,000 with the state treasurer, or you must purchase a bond worth at least…
Read MoreNew auto insurance law in Oklahoma set to impact the insurance industry
A new law regarding auto insurance is set to take effect November 1 in Oklahoma. Farmers Insurance, the state’s largest auto insurance company, has taken this opportunity to remind drivers of the law and how it will affect them. The law – Senate Bill 272 – will introduce new requirements for auto insurance and stricter penalties for drivers without insurance or those underinsured. Farmers notes that the law will likely benefit consumers as a whole, but may make changes to existing policies. The law will reduce the amount of money…
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