Live Insurance News

Will State Farm lose its US auto insurance dominance to Geico?

January 16, 2020January 14, 2020 Julie Campbell

If current trends continue, the United States will have a new top vehicle insurer by 2022. For decades, State Farm has held onto the top spot among US auto insurance companies. That said, if recent trends keep up as they have been, it won’t be long before it loses its crown to a much younger rival. State farm has suffered business losses as a result of several steep rate hikes in recent years. The leader in US auto insurance has suffered steep losses after a spectrum of notably large rate…

Top US cities for speeding tickets identified in recent report

July 12, 2019July 10, 2019 G. Turner

A new Insurify study revealed the top 20 cities across the country where speeders tend to drive. Driving over the speed limit is far from a rare occurrence in most cities, but new data regarding speeding tickets has pointed to the cities where it happens most. There isn’t a driver on the road who hasn’t seen another vehicle go zipping by above the marked limit. The Insurify study didn’t take into account the reason for the excessive speed. That data was not available for analysis. The recipients of the speeding…

Porsche auto insurance rolling out in two states

June 27, 2019June 26, 2019 G. Turner

Some of the automaker’s customers now have the opportunity to purchase coverage directly. Illinois and Oregon luxury car drivers will be able to cover their vehicles with Porsche auto insurance. The automaker has announced the launch of its new policies to cover customers driving its vehicles. The car insurance is initially launching in two states for vehicles manufactured after 1981. The Porsche auto insurance policy will be available to owners with vehicles made in 1981 or after. It will be a mileage-based coverage for vehicles based in Illinois and Oregon…

Michigan auto insurance law does not guarantee drivers savings, says official

June 14, 2019June 13, 2019 Marc

Michigan Auto Insurance Law - Driver - Steering Wheel

Motorists have been hopeful that the much-needed changes would make a difference, but it’s not assured. Drivers have been waiting for a new Michigan auto insurance law to help control high and rising premiums in the state. However, according to one official, motorists should not consider the savings to be guaranteed. The personal injury protection (PIP) system has made Michigan rates the highest in the country. The new Michigan auto insurance law does not provide any new assurances that the extra costs from additional required liability coverage would be offset…

Tesla car insurance may be on its way for insuring electric vehicles

April 29, 2019April 29, 2019 Marc

Elon Musk’s EVs are facing problems on several different levels, causing the automaker to consider insuring. After another one of the company’s cars spontaneously burst into flames earlier this month, Tesla car insurance is likely to become available. The electric vehicle suddenly started burning while parked in a Shanghai garage. This was not the first time such an event has occurred. As a result, Tesla is likely to offer auto insurance to let its customers affordably cover their vehicles. Elon Musk, the company’s CEO brought up the subject of Tesla…

Detroit Mayor Duggan’s auto insurance lawsuit moving to federal court

February 11, 2019February 8, 2019 Julie Campbell

Mike Duggan’s fight against high premiums has taken its next step upward in the legal system. Detroit Mayor Mike Duggan’s auto insurance lawsuit is still continuing as the fight has now moved to a federal court. The suit has to do with the exceptionally high car insurance rates in Michigan. Drivers in Michigan pay some of the highest car insurance premiums in the entire country. Motorists have been hoping that Duggan’s auto insurance lawsuit would provide them with some relief. The suit was initially filed last year with even state…

Insurance customer trends show one in three Americans don’t shop again for policies

January 24, 2019January 23, 2019 Nordstrom

Insurance customer trends - auto insurance - home insurance - hands

A new survey showed that policyholders in the U.S. don’t re-shop to find better coverage or rates. One out of every three Americans have never re-shopped for a policy, say the results of a new insurance customer trends survey. The research found that almost half of all policyholders who have looked around for a better deal has not done so within the last year. The research was conducted on homeowners insurance and auto insurance customers. American consumers are risking overpaying for their coverage, say the results of a new Policygenius…