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Auto insurance premiums can nearly double as a result of teen drivers

August 25, 2015August 22, 2015 Julie Campbell

In Ohio, when young motorists are added to a parents’ policy, it can cause premiums to spike sharply. The results of a new study from InsuranceQuotes.com has revealed that when teens in Ohio are added to the auto insurance policies of their parents, they are sending premiums up by a massive 84 percent. This means that one teen driver on a policy nearly doubles the insurance premiums that are paid. The explanation that has been offered for these far higher auto insurance premiums is that, statistically speaking, teens are notably…

Auto insurance lies are common among parents

February 7, 2014February 4, 2014 G. Turner

One in six are fudging the truth to help their kids to obtain coverage According to the results of new research thousands of parents are committing auto insurance fraud by pretending that they are the primary driver of a vehicle that is actually being used mainly by their student daughter or son. Up to one in every six young drivers are saving money on their coverage through dishonesty. The study was conducted by a website called Gocompare.com. It found that up to 16 percent of younger drivers are reducing the…

Don’t Let Insuring Your Teen Driver Break the Bank

April 7, 2013April 21, 2014 Guest Author

Teen driver insurance information for every parent. One of the most exciting and terrifying moments for any parent comes the first time you hand your teen the keys to the family car and watch them drive away alone. You trust your child, and you’ve either taught them well or hired a professional to do so. Still, there may not be anything quite as scary as the moment when those taillights disappear from view. Having a solid automobile insurance policy for your teen driver is more than just a good idea. …

Auto insurance premiums in the U.K. could fall for young drivers

March 8, 2013March 6, 2013 G. Turner

Monthly bills could fall by as much as 20 percent if a new proposal is put into place. The Association of British Insurers (ABI) has just announced that if the government implements the auto insurance proposals that have been made by the group, young drivers across the United Kingdom could find themselves paying up to 20 percent less than they currently do. The Safe Young Driver proposals from the ABI would apply to almost 3 million people in the U.K. Millions of young drivers throughout the country could be able…

Mobile commerce application uses GPS to reduce distracted driving behaviors

April 23, 2012May 26, 2012 Julie Campbell

The new patent-pending mobile commerce Drive Save Mode app reduces the risk posed by distracted driving. Mobile commerce has stepped up to help encourage safer driving behaviors with a new app that was launched in Las Vegas called Drive Safe Mode. The new application has already been downloaded by many adults, parents, and teens, and has attracted a great deal of hype as even nonprofit organizations are using the app to encourage greater precautions against distracted driving. This new technology has already outperformed the achievements of previously released apps that…

Nationwide Insurance addresses modernization with N.C. Legislative Research Commission

January 27, 2012 Nordstrom

Lee Morton, the regional vice president for North Carolina at Nationwide Insurance addressed the N.C. Legislative Research Commission Joint Study Committee on Automobile Insurance Modernization regarding the improvement of rate systems. He talked about the competitive, strong, healthy, diverse, and low-cost system for auto insurance that is already present within the state and identified concerns about the impact that changing the system could have on the state’s motorists. Morton explained that the insurance system in the state is currently fair to all motorists and provides consumers with protection against rate…

California Car Insurance: Sequoia offering new “Pay As You Go” insurance plan

April 25, 2011April 25, 2011 Marc

Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…