Will Changes to Medical Coverage in Auto Insurance Bring Savings to the Sunshine State? One of the most-watched developments in auto insurance nationwide is unfolding this month in Florida, as auto insurers make rate filings to comply with the Sunshine State’s landmark law to combat fraud in personal injury protection, or PIP. Florida’s bill passed March 12 and went into effect July 1, but[Read More »]
Are Insurance Scores Hurting Consumers in a Tough Economy? Decades after insurers began looking at the connection between credit history and claims, there’s little debate that the practice helps companies. Whether it aids consumers is another matter: Industry advocates say the practice helps more people than it harms, while critics insist the practice is harsh to minorities and makes[Read More »]
On Flooded Cars: File Claims Quickly, And Look Out For The Lemons Images from the aftermath of Hurricane Sandy abound: Flooded cars sit abandoned at intersections with doors wide open. A fleet of taxi cabs rests underwater in Hoboken. At least 14,000 cars were damaged in New York area docks; most of these wheels will never roll. (more…)
Uninsured Drivers Ruling the Road – What You Can Do About It According to the Insurance Research Council, one in seven drivers in the United States have NO auto insurance whatsoever. States like Mississippi, who have a 28% uninsured driver rate, Florida, with a 24% uninsured driver rate, and Alabama, with 22% of drivers uninsured, are by far the worst offenders, but[Read More »]
Splitting Hairs or Spitting In the Eyes? Prop 33 Fight Continues – All You Should Know About Proposition 33 The old saying, “Give them an inch and they will take a mile,” is perhaps a fair. What does auto insurance coverage have to do with terrorists in Libya? According to statements made this week by Consumer Watchdog, a consumer advocacy group in California, everything. “They are spitting in the[Read More »]
Auto Insurers Find Ways To Increase Safe Teen Driving It’s no secret--teenagersare expensive to insure because they are the highest risk age group when it comes to auto accidents. Up to now, the only option parents had been to bite the bullet and just pay extremely high auto insurance when their teen got their driver’s license. In recent years,[Read More »]
Increased Claim Frequency and Severity And Their Impact on Your Policy Up until 2010, claims costs have overall enjoyed stability of claim costs, even though the average claim has been increasing. This is due to the decrease in claims frequency. However, 2010 and 2011 saw an increase in claim frequency and claim severity according to the Insurance Research Council (IRC). Contributing[Read More »]
Road Rage – Tickets, Accidents and their Effects on Car Insurance Rates Most people who have ever driven is likely to have gotten ‘the bird’—or perhaps you've even given them to other drivers as well. Road rage can seem as simple as ‘drivers who just have bad attitudes on the road.’ It also causes much more than just directing your road rage[Read More »]
The Auto Insurance Score Explained – Or Why Lindsay Lohan Will Have to Pay A Big Bill Ever since Lindsay Lohan added yet another charge to her long list of accidents and violations, many have been curious about what someone like her would pay for insurance. We all know it has to be astronomical, but unfortunately, there’s no way to really make a good guess, and that’s[Read More »]
Study Reports Latinos More Likely To Drink & Drive: What Everyone Needs to Know About DUIS You don’t have to be a member of MADD or a police officer to know that driving while drinking is one of the biggest NOs of all time. It seems to be something everyone has done at some point in their life, and if not caught or if they didn’t[Read More »]
