Tag: vehicle insurance rates

Auto insurance rates have risen 17 percent since 2020

G. Turner
Auto insurance Rates - 17 Percent

American drivers are paying considerably more now for their coverage than a couple of years ago. Drivers across the United States are paying around 17 percent more for their auto insurance than they were paying in 2020, according to the results of a new Insurify study. This year, the average annual premiums for passenger vehicles across the country is $1,750. Michigan was identified as the state where drivers are paying the most for their auto insurance, at an average annual $2,510. The difference between that and what drivers are paying…

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Auto insurance prices vary widely from one state to the next

H. Cutner
Auto Insurance discounts

The states that have the most and least expensive premiums have been revealed by a recent study. It is no mystery that where a driver lives will have a notable influence over what he or she will pay for auto insurance coverage, but a recent study has now identified the states that have the most and least expensive coverage, and there is a vast difference between them. Even with a perfect driving record, location of residence can play a tremendous role in what is paid. For instance, in Louisiana, drivers…

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Hartford to test a new form of car policy in 2012

Julie Campbell

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…

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