July 2, 2009

Auto Insurance News

Avoiding Car Insurance Fraud in the Rising Recession

Monday, June 15th, 2009

Many people that are struggling with their finances due to the current recession are turning to car insurance fraud to find some financial relief. People are ditching, burning, pushing their cars off cliffs, even sinking their cars and then reporting them as stolen to cash in on the insurance money.
According to the Associated Press there [...]

The pros and cons of buying an American made car today

Tuesday, May 12th, 2009

It is common to debate the pros and cons of buying an American made car today, mainly because people are looking for vehicles that are affordable and reliable. Purchasing a car can be an overwhelmingly stressful decision and one that could carry serious consequences should the wrong decision be made. Yet many American consumers want [...]

Economy Affects Car Insurance Rates

Monday, May 4th, 2009

How the economy affects car insurance rates
A common situation that many different drivers are facing is an increase in their insurance rates. In the vast majority of cases the increase has nothing to do with you driving poorly or receiving to many tickets. Instead it has everything to do with what is happening with current [...]

USA Today Reports Increased Insurance All Around

Tuesday, April 21st, 2009

In the news: USAToday.com is reporting that Americans will see an increase in the cost of insurance, and specifically a 4% increase in a typical auto insurance policy this year. In a time when Americans could use a break, increased insurance abounds. Why?
According to the article, insurance providers use premiums and investments as a means [...]

Saturn Owners Legal Woes Over?

Monday, April 20th, 2009

In a press release from PRWeb.com, certain Saturn owners have a victory in a legal battle regarding defective transmissions on two models of vehicles. From the press release:
The class consists of all persons who are residents of the United States and who purchased a new or used 2002, 2003, 2004 or 2005 model year Saturn [...]

AIG Sells Auto Insurance Unit to Farmers

Thursday, April 16th, 2009

Farmers Insurance Inc., a subsidiary of Zurich
Financial Services Group, is purchasing AIG’s Personal Auto Group for $1.9 Billion. Farmers will then sell the entities to Farmers Exchanges, who they manage but do not own. The sale should be completed by the third quarter this year, depending on regulatory approvals.
The good news for Farmers? They [...]

Do You Want Green Auto Insurance?

Tuesday, April 14th, 2009

PRWeb.com reports a new website, EcoSmartInsurance.com, is dedicated to helping consumers find ‘green’ auto insurance companies.
What do you think?
Is going green imperitive to your insurance company decision? From going paperless to mileage based policies, Eco Smart believes consumers should have choices when choosing an auto insurance company that is as ‘green’ as [...]

Dropping Rates a Welcome Relief

Wednesday, April 8th, 2009

Insurance.com’s ratewatch has seen rate decreases for car insurance in 19 states of the U.S. This is a welcome relief in these tough economic times, with residents of Arizona, Virginia, New Hampshire, Texas and Georgia feeling the greatest discounts.
Other states that have benefitted are Oregon, Utah, Colorado, North Carolina, Michigan, and Iowa. Read the charts [...]

Recession Doesn’t Slow Specialist and Classic Car Insurance Demand

Friday, April 3rd, 2009

According to a PRWeb.com press release from Car-Insurance.tv, the first quarter of 2009 has seen no slowing in demand for classic and luxury car insurance. What has been the cause of such a demand in the struggling economy?
The press release claims the baby boomer generation is changing their investment strategy to include tangible items, especially [...]

State of Michigan Battles Auto Insurance Companies

Monday, March 16th, 2009

When it comes time for you to compare insurance rates, you may be surprised to learn that your auto insurance company wants to access your credit report in order to determine your insurance quote.  But, the reality is that many states do allow insurance companies to use their customers’ credit histories when determining the rates [...]

Avoiding Auto Reposession in a Declining Economy

Thursday, March 12th, 2009

PRWeb.com released an article today describing AvertRepo.com’s solution to losing your vehicle to repossession.
"We’ve prevented more than 24,000 repossessions in the last 6 months," says Dan Pellegrini, President of Avert.With job loss at an all time high and financial strains at a peak, many U.S. car owners are feeling the pinch when it comes to [...]

Should Your Credit Score Determine Your Car Insurance Rates?

Wednesday, March 11th, 2009

Mlive.com released an article today describing an interesting turn of events for Michigan’s residents. In an effort to try to more accurately target pricing for individuals auto insurance, Michigan insurance companies want to use a person’s credit score to help determine how much they pay for car insurance each month.
Ken Ross, commissioner of the Office [...]

North Carolina Drivers see Car Insurance Rate Hike

Saturday, March 7th, 2009

Newsobserver.com reports that tens of thousands of North Carolina residents are getting more bads news in this slumping economy.
One resident opened his auto insurance bill to find a shocking $184 increase! What caused this sudden turn for the worse?
On January 1, a law requiring insurance for uninsured or underinsured motorists came into [...]

Looking for frozen Car Insurance Rates? How about a dozen?

Wednesday, March 4th, 2009

Michigan Gov. Jennifer Granholm
When one auto insurance company decides to freeze its rates for a year, consumers rejoice! When twelve companies do it, well, its party time.
In Michigan Gov. Jennifer Granholm asked for a freeze in auto insurance rates because many of the residents of that state were unable to afford it. [...]

Survey Finds that UK Citizens are Keeping Their Used Cars Long

Monday, February 16th, 2009

Most people are fully aware that citizens of the United States aren’t the only ones experiencing economic troubles. But, I press release recently released by Swinton Insurance helps drive home this point rather clearly.According to the release, the insurance company conducted an online survey with 1300 participants.  With a focus placed on vehicle purchasing decisions, [...]

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