Tag: us auto insurance

Report highlights growth of auto insurance rates in the US

Logan B.
California Auto Insurance

Auto insurance rates have been on the rise for the past 25 years The Consumer Federation of America has released a new study highlighting auto insurance rates throughout the U.S. According to the study, auto insurance rates have been on the rise for the past 25 years. The only state that has shown any significant average decrease in these rates has been California. As auto insurance rates continue to rise throughout the country, coverage may be getting too expensive for some drivers to afford. This could lead to many people…

Read More

Auto insurance research reveals best states for savings

G. Turner
Auto Insurance discounts

The researchers examined 49 potential discounts available within every state in the country. One of the most common methods that auto insurance companies use to remain competitive and to ensure that their current customers remain content with the service they are receiving and the price that they are paying for it is through discounts. A new study has shown that the degree if discount based savings varies from one state to the next. An analysis was conducted by Insure.com regarding the availability of 49 different types of discounts in each…

Read More

Auto insurance competition helps U.S. drivers

Julie Campbell
Auto Insurance rates and prices

It is believed that this heavily regulated industry keeps its prices down because of the need to compete. The Insurance Information Institute (I.I.I.) has released a report that has stated that even though the auto insurance industry is extremely regulated in the U.S., the high level of competition within the marketplace is making sure that coverage is broadly available to motorists and stays affordable. The cost of this coverage has been increasing at a slower rate than gasoline and healthcare, said the I.I.I. In response to a Consumer Federation of…

Read More

Auto insurance rate calculation factors may harm lower earners

Julie Campbell
auto insurance premiums

Americans whose incomes aren’t as high are being viewed unfavorably by many vehicle insurers. A number of large auto insurance companies in the United States are still using a driver’s education level and occupation as factors that are used in the calculations of his or her rates. A recent report is suggesting that this practice is pricing out earners in the low and moderate income brackets. The Consumer Federation of America has now released a report that has looked into the impact of the behaviors of auto insurance providers when…

Read More

Auto insurance fraud may be put to rest by driverless vehicles

Nordstrom
Auto Insurance

Driverless cars could be a powerful weapon against auto insurance fraud Auto insurance remains a problematic issue throughout the U.S. Fraud is quite common in this sector, especially in states like New York and Florida, and modern efforts to combat fraud on a legislative level have proven fruitless. The prevalence of fraud is causing auto insurance costs to skyrocket throughout the country, putting more pressure on lawmakers to find a way to crack down on fraud before costs begin to spiral out of control. The solution may be as simple…

Read More