Auto insurance

Adding Auto Insurance to Florida’s Rising Cost of Living

Florida lawmakers are expected to return to Tallahassee soon for another special session to address the state property insurance crisis. But it’s not just homes and condos where Floridians pay high insurance costs, but also automobiles. In fact, Florida auto insurance rates are among the best in the country. An analysis by insure.com ranks Florida […]

Auto insurance

How I Saved $200 on My Home and Auto Insurance in One Phone Call

Image source: Getty Images Before submitting payment, see if there are ways to reduce your costs. Key points Insurance bills could be higher this year thanks to inflation. Call your insurance provider to ask if there is a way to lower your rate. Also check if there are any discounts available that you are not […]

Auto insurance

COMMENT: Does embedded car insurance impact customer spending at the dealership?

The car buying experience is changing. Buyers spend more time researching vehicles and going through the steps of the buying process online than shopping in the marketplace or visiting the dealership. This has significantly changed the in-store experience. Today, that experience is more transaction-focused than ever, and therefore includes other aspects of car ownership: financing, […]

Auto insurance

Arnoldussen & Associates Insurance Services Inc. offers affordable auto insurance in Santa Maria and Paso Robles, California

Auto insurance plans from major insurers can be purchased through Arnoldussen & Associates Insurance Services Inc. This press release was originally distributed by ReleaseWire Grover Beach, California – (ReleaseWire) – 11/17/2022 – Arnoldussen & Associates Insurance Services Inc. offers a wide range of personal and business insurance in Paso Robles and Santa Maria, California. They […]

Auto insurance

Why are car insurance prices going up?

By ALLEN MCQUISTONJemez Insurance Agency Serving Los Alamos since 1963 I came across this article in Bankrate and thought you might find it useful. Auto insurance rates are calculated based on a number of underlying factors. Individually, your age (in all states except Hawaii and Massachusetts), gender (in most states), driving history, vehicle type, and […]

Auto insurance

State Farm expected to post record auto insurance losses in 2022

On an underwriting basis – only weighing claims and operational costs against premiums collected – State Farm Mutual Automobile Insurance reported a loss of $8.6 billion. At the same time in 2021, State Farm Mutual Auto had generated a net loss of $137 million en route to a full-year loss of $722 million. The nation’s […]

Auto insurance

Americans are buying car insurance to save money, TransUnion report

Auto insurance purchases are down overall, but more and more consumers are choosing to switch providers in order to save money, according to new research from TransUnion. (iStock) Car insurance purchases have slowed this year, but many Americans are still looking for new insurance to save money, rather than the incentive to buy a new […]

Auto insurance

LexisNexis Insurance Demand Meter Shows Strong Rebound in U.S. Auto Insurance Purchases and New Business Volumes in Q3 2022

Auto premium rate increases spur consumer purchases despite continued reduction in vehicle sales and the aftermath of Hurricane Ian ATLANTE, November 16, 2022 /PRNewswire/ — The latest edition of the LexisNexis® Risk Solutions Insurance Demand Meter reports quarterly U.S. auto insurance purchases year-over-year increased 1.2% in Q3 2022, versus – 2.0% in Q2 2022, marking […]

Auto insurance

Michigan Drivers Urged to Review Auto Insurance Policies to Understand Vehicle Deer Collision Coverage | WKZO | All Kalamazoo

LANSING, MI (WKZO AM/FM) — The Michigan Department of Insurance and Financial Services is reminding motorists to review their auto insurance coverage now for the upcoming winter season. The ministry wants them to understand what coverage may be available for damage caused by a collision between a vehicle and a deer. They say that while […]

Auto insurance

Commercial auto insurance market to reach $307.10 billion by 2030

According to the report published by Allied Market Research, the global commercial auto insurance market generated $128.43 billion in 2020 and is expected to reach $307.10 billion by 2030 growing at a CAGR of 9.2%. from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, major segments, value chain, major investment […]

Auto insurance

Best home and auto insurance packages in 2022

Auto Insurance Highlights Erie auto insurance automatically includes additional coverages. These are: Sorry for the first accident windshield repair Pet injury coverage Locksmith Services You can also choose from add-ons such as New Car Replacement, Rental Car Coverage, or Erie Auto Plus.®which includes coverage upgrades. Home Insurance Highlights Erie home insurance highlights include: Guaranteed replacement […]

Auto insurance

Does the age of a car affect your car insurance coverage?

Selecting the type of auto insurance coverage that’s right for you is a big decision and may need to be revisited many times throughout the life of your car. How much you pay for this insurance depends on the age of your car, the type of car and possibly its safety features. If your premium […]

Auto insurance

4 Car Insurance Myths You Can’t Afford to Believe

Image source: Getty Images Do not buy any of these products. Key points Auto insurance is an important thing to have, no matter the age or condition of your vehicle. It is important to understand what goes into determining car insurance rates and how these policies work. Don’t assume that a safer car will cost […]

Auto insurance

Break the auto insurance buying cycle with telematics solutions – InsuranceNewsNet

As an auto insurance marketer, what you don’t know about your customers box hurt you. Fred Dimesa Traditional targeting methods often fail to provide an in-depth understanding of prospects, making it easier to mistakenly target high-risk drivers. These engines typically have a low lifetime value, which increases customer churn, which can negatively impact profitability over […]

Auto insurance

When to add a young driver to your car insurance policy

Let Bill Rowlen safely guide you through the insurance market. Having a young driver in the household can be a very stressful time for parents. There’s a lot to worry about, including your child’s safety behind the wheel, the vehicle they’ll be driving, and the impact on your family’s finances. A few recent statistics below […]

Auto insurance

Car insurance start-up Root to cut 20% of its jobs – InsuranceNewsNet

Root said Wednesday it was cutting its workforce by 20%, the second round of job cuts the Columbus-based auto insurance startup has made this year as it strives to become profitable. “To further improve cash flow, we are prioritizing resources that support Root’s future strategy,” Root CEO and co-founder Alex Timm said in a letter […]

Auto insurance

Customer Satisfaction With Auto Insurance Industry Declines, Study Finds – InsuranceNewsNet

Despite technological innovations and a growing emphasis on customer service, customer satisfaction with the auto insurance industry is declining, according to a JD Power Claims Satisfaction Study. The 2022 study showed satisfaction dropped 7 points on a 1,000-point scale to an average of 873 as customers lose patience with the complaints process, JD Power said. […]

Auto insurance

How comparing cyber insurance and car insurance can tell you a lot about cyber risk – InsuranceNewsNet

Preface: Gartner doesn’t cover cyber insurance, and I’m not really supposed to talk about it, because we don’t give financial or legal advice. This article offers no opinion on cyber insuranceit’s about what we can know about cyber risk based on how cyber insurers perceive their own financial risk. Take the following (almost) real numbers […]

Auto insurance

Gartner: How Comparing Cyber ​​Insurance and Car Insurance Can Teach You a Lot About Cyber ​​Risk

Preface: Gartner doesn’t cover cyber insurance, and I’m not really supposed to talk about it, because we don’t give financial or legal advice. This article offers no opinion on cyber insuranceit’s about what we can learn about cyber risk based on how cyber insurers view their own financial risk. Take the following (almost) real numbers […]

Auto insurance

10 secrets car insurance companies don’t want you to know

Car insurance covers accidents, damages, injuries and other issues that may occur while driving a car. Pricing can be complicated and one size does not fit all. Rates can vary based on various factors that insurance companies use to calculate your specific coverage. Some extra expenses may be necessary, but here are some not-so-obvious tips […]

Auto insurance

What does additional insured mean?

Understanding insurance terms can help you get the most out of your car insurance. Most terminology used in insurance is confusing and makes it difficult for car owners to understand their policies. This can prevent those who purchase car insurance from taking full advantage of its coverage. Important Auto Insurance Terms You Should Know ▶” […]

Auto insurance

Warren Buffett’s Berkshire takes a beating on car insurance

(Bloomberg) – Warren Buffett, who has long reiterated his love for insurance companies, has taken a heavy hit to Berkshire Hathaway Inc.’s underwriting business as inflation continues to weigh on the company’s operating units. Bloomberg’s Most Read The conglomerate posted a loss of $962 million on insurance underwriting in the third quarter, the worst quarterly […]

Auto insurance

Why are there so many advertisements for car insurance?

This is just one of the stories in our “I’ve Always Wondered” series, where we tackle all your business questions, big or small. Have you ever wondered if recycling is worth it? Or how store brands pile up against brand names? Discover more of the series here. Auditor Steve Arkowitz from Atascadero, California asks: Why […]

Auto insurance

GAINSCO Car Insurance Review | the ascent

Main advantages Provides coverage for drivers that other insurers won’t cover GAINSCO specializes in non-standard automobile insurance policies. This means the company covers drivers that many insurers would refuse, including people with a history of drunk driving charges or accidents on their record. Some drivers are required by their state to have a special form, […]

Auto insurance

Car Insurance Rates and Inflation | Company

Every day you read a new article about the effects of inflation on the things we buy. Let me try to explain what is happening in the auto insurance market. When the COVID lockdown happened, auto insurance companies quickly realized that people were driving less and claims costs were going to drop. Most major insurance […]

Auto insurance

Global Opportunity Analysis and Industry Forecast, 2021-2030 – InsuranceNewsNet

car insurance market Commercial Motor Insurance Market: Global Opportunities Analysis and Industry Forecast, 2021-2030 PORTLAND OR, United States, UNITED STATES, November 3, 2022 /EINPresswire.com/ — Commercial Motor Insurance Market Outlook – 2030The global commercial auto insurance market size has been valued at $128.44 billion in 2020, and should reach $307.10 billion by 2030, growing at […]

Auto insurance

Commercial Motor Insurance Market: Global Opportunities Analysis and Industry Forecast, 2021-2030

car insurance market Commercial Motor Insurance Market: Global Opportunities Analysis and Industry Forecast, 2021-2030 PORTLAND, OR, USA, UNITED STATES, Nov. 3, 2022 /EINPresswire.com/ – Commercial Automobile Insurance Market Outlook – 2030The global commercial auto insurance market size was valued at USD 128.44 Billion in 2020 and is projected to reach USD 307.10 Billion by 2030, […]

Auto insurance

What makes car insurance premiums more expensive? Why they are increasing and tips for saving.

Owning or leasing a vehicle can be one of the most exciting steps for many drivers on the road, but it also comes at a cost that goes beyond the list price. One of the main costs that could cause you to slam on the brakes: your car insurance premium. In fact, the most recent […]

Auto insurance

Swiss Re partners with insurtech Jooycar to boost car insurance telematics

Global reinsurance giant Swiss Re has entered into an alliance with Latin American car insurance technology Jooycar to boost car insurance telematics for the benefit of small and medium commercial fleets in Mexico. The insurtech will offer its fleet management service, “Fleetr by Jooycar”, to the Mexican market, which it says has been a success […]

Auto insurance

USMC illustrates the benefits of non-owner auto insurance for independent contractors – InsuranceNewsNet

Tylersport, Pennsylvania — (SBWIRE) — 02/11/2022 — No matter what type of independent contractor position a person has, if they use their personal vehicle for work, they can benefit greatly from non-owner auto insurance, says USMC Insurancea general management agent at the service of companies and individuals throughout the territory. Non-owner auto insurance provides professional […]

Auto insurance

How to save on car insurance

HARTFORD, Conn. (WFSB) – All this month we’re offering ideas on how to save money and make money in these tough economic times. We previously talked about saving on your home insurance, now we’re taking our advice on the road, with car insurance. Running Victor Auto Body Works in Middletown for nearly 70 years means […]

Auto insurance

Global AI in Auto Insurance Market 2022

Global AI in Automotive Insurance Market 2022 – Industry Growth Statistics, Size, Share, Revenue and Performance of Key Manufacturers AI in Auto Insurance Market Research Report: A Brief Summary • The study report provides a more comprehensive perspective of market prospects and opportunities. • The report’s analysis helps organizations capitalize on opportunities and defend against […]

Auto insurance

What’s better for roadside assistance?

Image source: Getty Images Evaluate your options to make the best choice for you and your car. Key points Roadside assistance is extremely useful. Many auto insurers offer it as supplemental coverage or even include it as part of a regular policy. AAA is best known for its roadside assistance, but a membership comes with […]

Auto insurance

What does the limitation of liability mean?

Car insurance is one of those things that people hope they never use. Nevertheless, most drivers understand that having adequate coverage is imperative. Should an accident occur, or if someone’s vehicle is damaged due to a natural disaster, theft or vandalism, having sufficient insurance can mean the difference between paying hundreds or even thousands of […]

Auto insurance

AM Best Webinar Highlights: Benchmarking Discussion: How Current and Emerging Auto Insurance Trends Will Affect Insurers’ Bottom Lines

OLDWICK, NJ–(BUSINESS WIRE)–Viewers can access highlights from a AM Best webinar sponsored by LexisNexis Risk Solutions on how auto carriers might respond to market trends. Panelists include: Adam Pichon, Vice President and General Manager, Automotive Vertical, LexisNexis Risk Solutions; Ryan Hupp, Director, Product Management, LexisNexis Risk Solutions; and John Ittner, Head of Analytics, Distribution Analytics […]

Auto insurance

Revealed – How is US auto insurance customer satisfaction doing in 2022?

As the volume of vehicle collisions slowly returns to pre-pandemic levels, repair costs reach all-time highs, and replacement parts become much harder to find, customer satisfaction levels at the US auto insurance for 2022 has plummeted, a new report from JD Power found. The report, titled “JD Power 2022 US Auto Claims Satisfaction […]

Auto insurance

State Farm Wins Cheapest (Non-Military) Auto Insurance

TAMPA, Florida., October 28, 2022 /PRNewswire/ — AutoInsurance.org recently revealed its list of best auto insurers for 2022. USAA was the only insurance provider to offer lower average premiums than State Farm, but their coverage is not available to the general public. Here’s how the premiums of the top 10 insurers compare: Each of these […]

Auto insurance

State Farm wins cheapest (non-military) car insurance – saving drivers up to $2,000 a year – InsuranceNewsNet

TAMPA, Florida., October 28, 2022 /PRNewswire/ — AutoInsurance.org recently revealed its list of best auto insurers for 2022. USAA was the only insurer to offer lower average premiums than state farmbut their coverage is not accessible to the general public. Each of these top 10 car insurance providers is worth considering when comparing policies. Here’s […]

Auto insurance

Cost and coverage (Guide 2022)

We at the Home Media Review Team have reviewed the best car insurance companies in the market to see how La Familia Auto Insurance compares. One way to find affordable coverage is to compare auto insurance quotes from providers before choosing one. La Familia car insurance review We provide La Familia car insurance 6.7 stars […]

Auto insurance

Md. Auto Insurance Unveils Interest-Free Installment Payment Option

Maryland Auto Insurance now offers an enhanced installment payment plan, which will allow more Maryland drivers to take advantage of the interest-free payment plan option. This new plan is the result of legislation passed in the 2022 legislative session and has been approved by the Maryland Insurance Administration. The revised payment plan includes an 18% […]

Auto insurance

New study examines the impact of inflation on car insurance

The American Property Casualty Insurance Association (APCIA) released a white paper this week examining the impact of inflation on auto insurance. © Shutterstock The article, titled “The New Normal? Auto insurers continue to battle inflation,” finds that insurance claims costs have continued to rise faster than the underlying consumer price index, far outpacing premium increases. […]

Auto insurance

Why auto insurance costs go up after $400 refunds

In the spring, eligible Michigan drivers received a $400 reimbursement check from their auto insurance companies, the purported proceeds of savings from a 2019 law that imposed cost controls on long-term care for seriously injured drivers. Now auto insurers want to recoup $48 from a sudden $3.7 billion shortfall to the Michigan Catastrophic Claims Association, […]

Auto insurance

APIA examines the impact of inflation on auto insurance – InsuranceNewsNet

CHICAGO — The American Property Casualty Insurance Association’s latest article, “The New Normal? Auto Insurers Continue to Struggle with Inflation,” shows how auto insurance claims inflation continues to outpace the underlying price index at consumption at a much faster rate than premium increases. Here are some key points from the document: Rising litigation and medical […]

Auto insurance

2022 Auto Insurance Trends Report

About Insurify is America’s top-rated destination for the largest selection of accurate insurance quotes and expert advice, and operates as a named licensed insurance agent in all 50 states. With direct integrations with all major insurance companies, Insurify offers a real-time, personalized comparison and shopping experience for auto, home and life insurance policies. Over 11 […]

Auto insurance

IQ Financial Advisor – Content Page

This story first appeared in FA-IQ’s sister publication P&C Specialist. A sign of what 2023 has in store for the personal lines insurance industry, a high Travelers the executive predicts mid-teen auto price hikes for policyholders next year. Executive Vice-President and President of Personal Insurance Michael Klein shared the estimate during a third-quarter earnings call […]

Auto insurance

AI in car insurance market giants’ spending will explode

Ai in the car insurance market The latest published AI in Auto Insurance Market research provides insight into the current market dynamics in the AI ​​in Auto Insurance space, as well as what our respondents surveyed – all outsourcing decision makers – predict the market will look like in 2027 The study breaks down the […]

Auto insurance

Does my auto insurance cover hitting a deer in Michigan?

This is the time of year when the deer are on the move and unfortunately there are also a lot of car-deer accidents on the roads. If you hit a deer, will your car insurance cover the cost of repairing your vehicle? Deer on the side of the road just before the vehiclePascal-L-Marius, ThinkStock How […]

Auto insurance

Allstate warns of surprise loss, even as car insurance rates jumped 16% in some places last month

Allstate Corp. shares. ALL, -12.57% fell on Thursday, enough to beat the S&P 500 index losers by a wide margin, after the insurer warned of a surprise third-quarter loss amid weakness in its personal auto business. The company said late Wednesday that it expects a net loss of between $675 million and $725 million, and […]

Auto insurance

Allianz addresses the sustainability of car insurance

The majority of damage caused by motor vehicle collisions is small to medium in scale and primarily affects the exterior parts of the vehicle. For such damage, there are green repair options – repairing the damaged part rather than replacing it with a new one. Producing a new part has a significantly higher CO2 footprint […]

Auto insurance

Toyota Auto Insurance expands to Texas

Toyota Auto Insurance expands to Texas By Dave LaChance on October 20, 2022Announcements | Insurance Toyota Auto Insurance (TAI), the OEM-branded insurance product launched in December, is now sold in Texas – the nation’s second-largest insurance market, the company said. Coverage applies to vehicles built by Toyota and other manufacturers and includes an endorsement stipulating […]

Auto insurance

Why is car insurance so expensive in Baltimore?

Listen to this article We all know car insurance can be expensive, but why is it so expensive in Baltimore? In this blog post, we will explore some of the reasons why car insurance rates are higher in Charm City. Population density One of the reasons car insurance rates are so high in Baltimore is […]

Auto insurance

It’s finally happened! Toyota Auto Insurance is coming to Texas

Toyota’s first auto insurance product is now available in the nation’s second-largest auto market PLANO, TX, October 19, 2022 /PRNewswire/ — Toyota Auto Insurance, the automaker’s branded insurance product, is now available to customers residing in Texas. Launching in select markets in 2021, Toyota Auto Insurance offers customers quality customizable coverage at affordable rates. The […]

Auto insurance

It’s the “trickiest part” of getting car insurance, says Dave Ramsey

Image source: Getty Images Drivers should be prepared for this challenge when purchasing insurance. Key points Buying auto insurance can be complicated, and determining what type of coverage to get is especially difficult. Dave Ramsey recommends researching different types of insurance to determine what coverage a driver should purchase. Drivers need auto insurance to protect […]

Auto insurance

Agents want to end California auto insurance rate moratorium

A group of California insurance agents weighs in on the impact of California Insurance Commissioner Lara’s recent auto insurance rate rulings on California consumers. They don’t like Lara’s car insurance rate moratorium. “Commissioner Lara’s rate moratorium and refusal to process auto insurance rate claims are reducing options for California consumers and making life more difficult […]

Auto insurance

My expensive new car added next to nothing to my car insurance bill. here’s why

Image source: Getty Images Choosing the right vehicle could mean more affordable insurance. Key points I recently bought an expensive new vehicle, so I expected my car insurance premiums to go up. They didn’t go up at all because I did my research carefully when shopping for the car. I also got insurance quotes ahead […]

Auto insurance

Reddit’s best little-known tips for car insurance

Image source: Getty Images Could these tips from Reddit help drivers save on insurance coverage? Key points Reddit is a popular social platform where people offer advice. Many Reddit users have given advice on buying auto insurance. These tips could help drivers save money and ensure they have the right coverage. Car insurance is important […]

Auto insurance

Mynatt Insurance offers reasonably priced auto insurance in Tampa and Temple Terrace, Florida

Mynatt Insurance agents strive to provide their customers with the best possible commercial auto insurance coverage at an affordable price. This press release was originally distributed by ReleaseWire Tampa, FL – (ReleaseWire) – 10/13/2022 – Mynatt Insurance was established in 1925. Over the decades, this insurance agency has become a trusted risk management solution provider […]

Auto insurance

16 semi-shocking facts about car insurance

Image source: Getty Images Auto insurance has been around much longer than some of us would have imagined, and America’s first gas-powered car was indeed one of a kind. If you’re a fan of trivial facts, you might enjoy these 16 car insurance facts. The 16 most interesting facts about car insurance The first American […]

Auto insurance

Fiesta Auto Insurance Reviews: Cost and Discounts (2022)

Drivers in the United States have many options when it comes to car insurance. One of them is Fiesta Auto Insurance – a local provider that is only available in certain states but has some advantages over larger, more well-known companies. Below, we’ll let you know what our research revealed about Fiesta Auto Insurance and […]

Auto insurance

How to lower the cost of your auto insurance

Reading time: 2 minutes Car insurance is one of the most important things to have when owning a car. It protects you financially if you’re involved in an accident, and it’s required by law in most states.However, car insurance can be very expensive, especially if you have a high-risk driving record. The cost of your […]

Auto insurance

Car insurance conditions: what does the exclusion mean?

As auto insurance rates continue to rise across the country, it’s tempting to reduce coverage to receive a lower monthly premium. However, removing necessary benefits can leave you vulnerable in the event of an accident. We encourage drivers to review their auto insurance policies to understand the benefits and determine if any adjustments need to […]

Auto insurance

A-MAX Auto Insurance celebrates the grand opening of its 200th office in Houston

DALLAS, October 11, 2022 /PRNewswire/ — A-MAX Insurance is delighted to announce the grand opening of its 200e Desk. The opening ceremony will take place on October 15, 2022 of 11 a.m. to 2 p.m. in Houston at 8028 Park Place Blvd. A-MAX will host festivities including free food, raffles, music, giveaways, family entertainment and […]

Auto insurance

1982 Number of employees: 1,500 1952 Number of employees: 850 1848 Number of employees: 2,600 1915 Number of employees: N / A 1925 Number of employees: 6,000 1948 Number of employees: 350 1913 Number of employees: 2,500 1919 Number of employees: 700 1922 Number of employees: 35,000 2015 Number of employees: 1,119 To better understand […]

Auto insurance

Best High-Risk Auto Insurance: Companies and Rates (2022)

Unfortunately, even the best high-risk auto insurance companies will likely charge you high rates if you’re deemed a high-risk driver. While there’s not much you can do to change your age or driving record, there are some factors that are still within your control when trying to find cheap car insurance. Ignore add-ons Even as […]

Auto insurance

The most important car insurance number you don’t think of

Let’s talk insurance. I know, it’s dry like an overcooked steak. I understand. But it’s also important, and in my world, it can be critical. Today we are not talking about general insurance, however; we are talking about SUM insurance. Many of you have probably never heard this term before; and that’s usually fine – […]

Auto insurance

US consumers value data privacy over savings on home and auto insurance: Policygenius

New You can now listen to the Insurance Journal articles! Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data monitoring devices, according to an annual survey by Policygenius. The survey found that 68% of US consumers said they would not install an app that collects driving behavior […]

Auto insurance

Eleventh Circuit finds golf cart covered by auto insurance policy

Related practices and jurisdictions A golf cart, at least according to a recent Eleventh Circuit ruling regarding insurance coverage for a minor driving a golf cart. GEICO Gen. Ins. Co. c. Gonalezno. 21-13304. The policy covered bodily injury resulting from the use of a “private passenger, farm or utility vehicle”. It defined a “private passenger […]

Auto insurance

What is an 80/20 auto insurance settlement?

If you are injured in an accident and end up with $20,000 in medical expenses, your insurer will cover $16,000 of that total, and you will be liable for the remaining $4,000. Assuming they are competent in their role, your attorney should be able to get a settlement covering over 20% of your medical bills. […]

Auto insurance

Fundamental Underwriters Expands Employee Auto Insurance

Core Underwritersa specialty wholesale insurance broker specializing in specialty auto insurance, announced updates to its auto insurance offerings that will help protect businesses and their employees. Fundamental Underwriters Employee Automobile Coverage, formerly known as Primary Automobile Insurance for Non-Owners, or PNOA, is designed to meet the needs of businesses in the healthcare, insurance, and business […]

Auto insurance

Fundamental Underwriters expands auto insurance product for employees – InsuranceNewsNet

LANSING, Mich., October 3, 2022 /PRNewswire/ — Fundamental Underwriters, a wholesale insurance broker specializing in specialty auto insurance, has announced updates to its auto insurance offerings that will help protect businesses and their employees. Fundamental’s Employee Automobile Coverage, formerly known as Non-Owner’s Primary Automobile Insurance, or PNOA, is designed to meet the needs of healthcare, […]

Auto insurance

Rising auto insurance premiums erode home/auto bundling, survey finds – InsuranceNewsNet

The future of the home and auto insurance bundle, once a mainstay of P&C insurance, customer loyalty and lifetime value strategies, is in question as legions of customers have begun to break their policies, according to the JD Power 2022 U.S. Home Insurance Study. The rapid increase in car insurance premiums is largely responsible for […]

Auto insurance

Is the minimum auto insurance coverage worth it?

Image source: Getty Images Minimal auto insurance coverage is better than nothing, but that’s not all a driver needs. Key points Most states have minimum insurance requirements. It is important to buy at least the minimum protection. Most drivers should actually buy more coverage than necessary, as auto insurance is vital for financial asset protection. […]

Auto insurance

Michigan Auto Insurance Catastrophic Loss Costs Rise 42% | State

LANSING, Mich. (WJRT) – The Michigan Catastrophic Claims Association’s annual auto insurance rating will increase for policies renewed after July 1, 2023. The association has approved a 42% increase in its rating for drivers who choose unlimited injury protection. This rate will go from $86 per year to $122 next summer. Drivers who choose no […]

Auto insurance

Michigan Supreme Court to hear auto insurance appeal

LANSING — Michigan’s Supreme Court will hear insurers’ appeal against a landmark decision that struck down parts of a 2019 auto insurance overhaul. But the state’s high court declined to freeze the decision of the appeals court that ruled payment reductions unconstitutional for certain injured motorist care before the law came into effect. The High […]

Auto insurance

New law doubles — and triples — state auto insurance minimums

FAIRFIELD — California drivers will soon have to carry twice — and in one case triple — the insurance coverage they are currently required to have based on a bill the governor signed into law Wednesday. Senator Bill Dodd’s Senate Bill 1107 increases the minimum liability coverage requirement for California motorists, “protecting those injured in […]

Auto insurance

Best home and auto insurance packages for 2022

8. Allstate Average owner price (bundled policy 6 months): $894 Average savings: 8.54% (Credit: Diego M. Radzinschi/ALM) 7. Mutual Liberty Average owner price (bundled policy 6 months): $750 Average savings: 11.71% (Credit: handout) 6. Progressive Average owner price (bundled policy 6 months): $707 Average savings: 10.55% (Credit: Ken Wolter/Shutterstock.com) 5. Farmers Average owner price (bundled […]

Auto insurance

Should You Use This Little-Known Auto Insurance?

Image source: Getty Images This can help careful drivers save big upfront. Key points Usage-based car insurance sets car insurance premiums by monitoring driver behavior, including when and how they drive. These programs can help safe drivers get significant discounts on their premiums. But they’re optional, so drivers don’t have to participate if they’re not […]

Auto insurance

Car insurance rates strain the Brazos Valley

BRYAN, Texas (KBTX) – As inflation rates continue to rise, Texas drivers are feeling the pain with higher insurance rates. Lance Snider, an insurance agent at State Farm, told KBTX it’s a battle like he’s never seen before in his 13 years with the company. “Eight percent [increase] is the average around the state,” Snider […]

Auto insurance

Inflation leaving you underinsured?

Auto insurance rates up 8% FOX 26 Consumer Reporter Heather Sullivan has a smart idea of ​​why your auto insurance rates are going up. HOUSTON – Many drivers are affected by higher car insurance rates. But not only does inflation drive up the cost of insurance, it can also mean you’re underinsured. Drivers feel it. […]

Auto insurance

Secretary of State White Applauds Electronic Auto Insurance Checks

SPRINGFIELD, Ill. (WCIA) – Illinois Secretary of State Jesse White celebrates his office’s auto insurance electronic verification program. The program works by insurance companies confirming with the Office of the Secretary of State that all motorists have insurance at least twice a year. If there is no confirmation, vehicle owners then receive a letter to […]

Auto insurance

Ai in the car insurance market 2022 | Analysis

The Ai In Auto Insurance Market study provides a basic summary of the trade along with definitions, classifications, uses, and trade chain structure. This market research report has been prepared after considering the impacts of COVID-19; the report provides growing market opportunities, revenue drivers, challenges, pricing trends and drivers, and future market assessments. This Ai […]

Auto insurance

Car insurance explained in plain English – Daily Sundial

For most of us, that thing we drive to work and school every day is just 4 wheels, a stereo, and a way to get from point A to point B. To ensure that this beast of metal protects you from potential lawsuits after an accidental fault, there is much more to know and understand […]

Auto insurance

Commercial Motor Insurance Market Size, Share 2022 by Development, Trend, Top Manufacturers

OREGAON, PORTLAND, UNITED STATES, September 22, 2022 /EINPresswire.com/ – According to report published by Allied Market Research titled “Commercial Automobile Insurance Market by Distribution Channel (Brokers & Agents, Direct Response, Banks & Others), Type of Coverage (Liability & Collision Coverage /Full Insurance /Optional Coverage) and Vehicle Type (Light Commercial Vehicle and Heavy Duty Vehicle): Global […]

Auto insurance

Cost and Coverage Guide (2022)

If you have a vehicle used for your business, it is essential that you cover it with commercial auto insurance. A personal auto insurance policy isn’t enough, so you could be in legal trouble if you don’t buy a separate policy for business functions. Home Media’s review team researched the top car insurance providers to […]

Auto insurance

Need auto insurance? 4 Most Important Auto Insurance Basics You Should Know

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Auto insurance is mandatory in most states. […]

Auto insurance

Some Ontarians can expect to see an increase in car insurance rates in the coming months

Some Ontario drivers are expected to pay more for their auto insurance premiums in the coming months as the insurance industry’s governing body approved rate increases. Although the Financial Services Regulatory Authority of Ontario (FSRAO) has not approved an industry-wide rate increase, it has recently approved increases for Intact (3.44%), Verrasure ( 4.96 percent), Belair […]

Auto insurance

FSRA Helps Auto Insurance Companies Better Manage Risk and Offer Consumers Accurate Rates

Regulator issues final guidance outlining good practice for managing operational risk in auto insurance pricing and underwriting TORONTO, September 20, 2022 /CNW/ – To Help Consumers Receive Fair, Reasonable, and Accurate Automobile Insurance Rates and Fair Treatment in the Underwriting Process, FSRA Issues Final Operational Risk Management Framework Guidance for car insurance companies. Through consultation […]

Auto insurance

Allstate auto insurance rates jump 14% in Illinois

Allstate raised auto insurance rates in Illinois by 14% last month, significantly outpacing the national average and the rate of inflation. State Farm was not far behind, raising rates more than 8% for Illinois drivers in August. Allstate’s premium increase, announced Thursday, averaged about 3.2% in the United States, according to the Northbrook-based insurer. For […]

Auto insurance

Commentary: On auto insurance, lawmakers have listened

A recent opinion piece by Tom Judd of the Michigan Brain Injury Provider Council (Crain’s, September 12) falsely claims that lawmakers are sitting idly by while the sky is falling over the 2019 bipartisan no-fault automobile reforms. That couldn’t be further from the truth. Michigan’s outdated automatic no-fault system was a welcome mat for fraud, […]

Auto insurance

NJM Auto Insurance Review | the ascent

Main advantages Great customer service NJM received above average ratings in JD Power’s most recent US Auto Insurance Study for the Mid-Atlantic region. It also has a low complaint rate with the National Association of Insurance Commissioners (NAIC). This suggests it receives fewer customer complaints than other insurers of a similar size. Customizable policies NJM […]

Auto insurance

The pros and cons of buying car insurance online

DETOIT – Car insurance is a necessary evil for most drivers. We have to have it, but nobody really likes to buy it. Fortunately, you can now buy car insurance online and avoid the hassle of going from agent to agent. However, buying auto insurance online has some pros and cons that you should be […]

Auto insurance

No-Fault Auto Insurance: How Will It Impact Your Premiums?

Car accident dangerous accident on the road. An SUV car crashes next to another on the road. The roads of the United States are among the busiest in the world. Reports show that there were more than 284 million vehicles in circulation at the end of 2021. This congestion has contributed to the high number […]

Auto insurance

Commercial Auto Insurance Premiums and Rates Set to Continue Rising

Commercial Auto Insurance Premiums and Rates Set to Continue Rising By Lurah Bassey on September 15, 2022Insurance S&P Global Market Intelligence reports that commercial motor vehicle liability premiums were up 10% from the second quarter of 2021, and there were also “substantial” rate hikes in the first half of this year – which will mean […]

Auto insurance

Sigo Seguros aims to reduce bias with Hispanic car insurance platform

The co-founders of Sigo Seguros, pictured left to right, are Ivan Arambula, vice president of engineering; CEO Nestor Solari; and COO Julio Erdos. | Photo: Sigo Seguros Of course, the latest moves from the industry’s Teslas, Apples, and Googles tend to dominate the tech news space — and with good reason. Yet tech titans aren’t […]

Auto insurance

Carver Insurance Services offers profitable auto insurance in Wildomar and Lake Elsinore, CA

Carver Insurance Services offers affordable yet comprehensive car insurance plans. This press release was originally distributed by ReleaseWire Murrieta, CA – (ReleaseWire) – 09/09/2022 – Carver Insurance Services is a popular provider of risk management solutions. Through them, people can easily invest in coverage plans for home, life, business, and even commercial vehicle insurance in […]

Auto insurance

AM Best lowers its outlook for the personal auto insurance market – report

AM Best has revised its market segment outlook for the US personal auto insurance market from stable to negative. Best cited a significant deterioration in carrier results in the second quarter of 2022, driven by continued inflationary pressures and corresponding fare adequacy challenges, as the reason for the downgrade. In his last Best […]

Auto insurance

How the auto insurance industry will adapt to driverless vehicles

Due to this recent technological development, we investigated the potential effects of driverless cars on the auto insurance market. Technology has proven to be a boon to help refine humanity and the human experience. Thanks to advances in technology, we can accomplish our daily tasks with much less effort and stress than in the past. […]

Auto insurance

Benefits of bundling home and auto insurance

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, which we will always identify, all opinions are our own. By refinancing your mortgage, the total finance charges may be higher over the life of the loan. Credible Operations, Inc. NMLS […]

Auto insurance

The best home and auto insurance companies

What does bundling auto and home insurance mean? Bundling home and auto insurance means you buy both policies from one insurer. The same insurance company covers both your car and your home. Insurance companies may also offer bundled discounts for purchasing other types of insurance, such as condo, renters, motorcycle, RV, life, and more. A […]