Live Insurance News

Many drivers in Colorado lack auto insurance

August 20, 2014August 16, 2014 S.Vagus

Lack of insurance coverage is becoming a problem that needs attention Auto insurance is a problem in Colorado. The number of uninsured drivers on the state’s roadways is growing every year and this is a significant issue when considering the frequency of vehicular accidents. It is likely that a single driver will be involved in as many as four accidents during their life. In most cases, auto insurance coverage will handle the issue relatively quickly. Accidents become significantly more complicated if the other party does not have insurance coverage. One…

Auto insurance premiums are on the rise in Massachusetts

July 31, 2014July 31, 2014 Logan B.

Premiums continue to climb since state stopped regulating the auto coverage sector in 2008 Auto insurance is becoming more expensive in Massachusetts. The state is currently home to some of the most expensive auto coverage in the U.S., which is calling into question whether or not regulators should begin overseeing the auto insurance sector once again. In 2008, the state stopped regulating coverage for drivers. For a time, this caused insurance rates to drop by some degree, but they quickly shot up again as insurers sought to generate more profit…

Teens may be driving up auto insurance rates

July 23, 2014December 17, 2020 S.Vagus

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Rates for teen drivers are on the rise in Utah and other states Teen drivers may be pushing auto insurance costs higher in Utah and other states. A new survey from insuranceQuotes.com shows that the average premium for auto coverage has increased by 89% throughout the state. Utah is now home to the 15th highest auto insurance rates in the country, and teenagers may be responsible for this. Teens have long been a major risk for insurance companies, largely due to conceptions regarding their recklessness and lack of driving experience.…

Satisfaction with auto insurance has never been higher in the US

July 11, 2014July 8, 2014 S.Vagus

New study highlights consumer satisfaction in the auto insurance sector Global market research firm J.D. Power has released its latest U.S. Auto Insurance Study. The study highlights many of the trends that have emerged in the country’s auto insurance sector and examines how these trends are affecting the insurance business. This year, the study showed that consumer satisfaction has reached an all-time high, despite the fact that insurance premiums have been on the rise for the past five years. Satisfaction reaches 810 points, highest since annual study was first published…

New Jersey auto insurance was the most expensive

January 3, 2014January 3, 2014 H. Cutner

A recently released industry report has revealed that drivers in the state were paying the highest amounts. According to an industry report that was released at the very end of 2013, New Jersey auto insurance was the most expensive for drivers to buy in 2011, as motorists paid higher premiums for coverage there than in any other state in the country. The average premiums paid by drivers in order to maintain their coverage was $1,301.52, that year. When compared to the national average – as per the statistics from the…