Insurers Will Need to Cash in on Autonomous Vehicles by 2025, Report Says
The rise of autonomous vehicles will be a mixed blessing for U.S. auto insurers, according to a new report.
J.D. Power: Erie Insurance Ranks Highest in Customer Experience Among Auto Insurers
Erie Insurance ranks highest among auto insurers in providing a satisfying purchase experience, according to the J.D. Power 2017 U.S. Insurance Shopping Study. Progressive didn’t do quite so well.
Study: California and New Hampshire Worst States for Filing Auto Insurance Claims
Filing a single auto insurance claim of $2,000 or more in California will result in an average premium increase of 63.1 percent, according to a study by insuranceQuotes and Quadrant Information Services.
Study: Single Auto Insurance Claim Can Cause Large Premium Spike
A new study found that drivers who file a single auto insurance claim of $2,000 or more will see an average premium increase of 44.1 percent.
U.K. Bill Would Require Insurers to Provide Coverage for Autonomous Vehicles in Both Modes
A transportation bill under consideration in the U.K. Parliament would require insurers to offer a single product that covers collision-damaged vehicles when the motorist is driving and when the vehicle is in driverless mode.
Consumer Federation of America Study Reveals Insurers Raise Premiums After Not-At-Fault Accidents
Study reveals premiums can rise $300 or more for drivers rear-ended while safely stopped at a red light; price hikes prohibited in some states.
Insure.com Survey Reveals 2017’s Best Auto Insurance Companies for Millennials
These ratings were based on insurance company factors of value for price, customer service, claims processing, likelihood to renew and likelihood to recommend.
Collision Industry Advocate Mike Causey Wins N.C. Insurance Commissioner Race
Causey, a consumer advocate, lobbyist and former BodyShop Business contributor, has won the state insurance commissioner’s race with 50.43 percent of the vote.
J.D. Power Ranks Insurers in Auto Claims Satisfaction
The Hartford ranks highest, with Erie Insurance second, followed by Auto-Owners Insurance, American Family, Amica Mutual and Nationwide.
Broker: Self-Driving Cars to Cut US Insurance Premiums by 40%
Insurers are trying to assess the impact of automation on their biggest non-life insurance market as carmakers embrace the technology.