Mileage, Location Key Factors in Determining Auto Insurance Rates
A study commissioned by insuranceQuotes.com found that your state of residency is a significant factor in setting your auto insurance premiums.
Insurers Blame Assignment of Benefits Tool for Torrent of Auto Glass Lawsuits in Florida
Lawsuits filed by auto glass companies on behalf of insurance policyholders are on the rise in Florida, and insurers blame the “assignment of benefits” tool for the wave of litigation.
Florida Senator Proposes to Repeal State’s No-Fault Auto Insurance Law
“While well-intentioned anecdotally, Florida’s motor vehicle no-fault law has resulted in widespread fraud, abuse and a complex litigation process,” Florida Sen. Tom Lee said.
Autonomous Vehicles Not All Doom and Gloom for Auto Insurers
Auto insurance industry could see an $81 billion opportunity between 2020 and 2025 centered around cybersecurity, product liability and infrastructure.
Wells Fargo Plans to Compensate Car-Loan Customers Who Received Unwanted Auto Insurance
Citing an internal Wells Fargo report, the New York Times said the unneeded collision insurance pushed approximately 274,000 Wells Fargo customers into delinquency and led to nearly 25,000 wrongful repossessions.
Nationwide Promotes Safe Driving Through Usage-Based Insurance Program
By downloading the SmartRide mobile app or requesting a SmartRide telematics device, drivers can save up to 40 percent on their insurance premiums while receiving personalized feedback to help them make safer driver decisions, according to the insurer.
Most Expensive State for Car Insurance: Michigan
Michigan’s average annual premium is $2,394, which is 82 percent higher than the national average of $1,076, according to an analysis by Insure.com.
Travelers Launches Usage-Based Auto Insurance App
Customers who use the smartphone app and drive safely can save up to 20 percent on their premiums, the insurer said.
Michigan: Increase for Auto Accident Catastrophic Coverage Kicks in July 1
The increase, from $160 per vehicle to $170 per vehicle, is part of Michigan’s one-of-a-kind mandate that requires drivers to purchase unlimited, lifetime medical benefits with their auto insurance.
Rate Hikes Putting Strain on Customer Satisfaction for U.S. Auto Insurers
According to the J.D. Power 2017 U.S. Auto Insurance Study, price satisfaction has declined this year, even as other areas of the overall customer experience have improved.