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5 Car Insurance Myths that Make Your Policy Experience Worse

Posted in Auto Insurance

February 14th, 2012
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If you have car insurance, can you say that you truly understand the ins and outs of your policy? If the answer is no, you’re definitely not alone. A 2010 report from the National Association of Insurance Commissioners (NAIC) revealed that only 45 percent of Americans are confident that they understand their auto and health insurance policies.

Low-Income Discrimination in Auto Insurance Industry

Posted in Auto Insurance

February 1st, 2012
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The auto insurance industry has landed in the spotlight over accusations of discrimination against middle and low-income households. A new study backed by the Consumer Federation of America (CFA) says the industry regularly distributes high-priced policies to individuals with less money, making it difficult for them to improve their lives financially.

Mercury Insurance Continuous Auto Insurance Discount Support

Posted in Auto Insurance

January 20th, 2012
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A controversial California auto insurance initiative has made its way back to the November ballot in California after facing opposition. The initiative, if passed, would provide an auto insurance discount to individuals who maintained continuous auto coverage while penalizing drivers who allowed their insurance to lapse.

Weather Issues that Can Increase Car Insurance Rates

Posted in Auto Insurance

January 17th, 2012
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Photo: Alex E. Proimos

Allstate Insurance Offers Auto Customers Money-Back Guarantee

Posted in Auto Insurance

January 9th, 2012
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Allstate Insurance, in an effort to find an edge over its competition, is promising its customers a money-back guarantee if they’re not satisfied with their auto insurance claims service. This enticing refund option was successfully tested in four states last year and now has been expanded to dozens throughout the country.

PIP Contributes to Rise in Auto Insurance Claims Costs

Posted in Auto Insurance , Personal Injury Protection

December 30th, 2011
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Auto insurance claims are on the rise across the country according to a new report released by the Insurance Research Council (IRC). The report, issued this week, found that the increase in costs is reversing previous trends of relatively stable costs that have even declined in some cases.

Mercury Insurance Accused of $89 Million Auto Insurance Rate Hike

Posted in Auto Insurance

December 23rd, 2011
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Mercury Insurance Group is seeking permission from the California Department of Insurance to raise auto insurance rates by $89 million. Simultaneously, the insurer is seeking to take part in a 2012 initiative to give discounts to drivers who never let their car insurance lapse, which Consumer Watchdog says is not a coincidence.

Allstate Home and Auto Insurance: Is Bundling Policies the Best Option?

Posted in Auto Insurance , Home Insurance

December 12th, 2011
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Teenage Driving Restrictions May Go Nationwide with Graduated Driver Licensing

Posted in Auto Insurance

December 9th, 2011
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Implementing nationwide restrictions on teenage driving could save 2,000 lives and billions of dollars each year, says a new study conducted by insurance and safety advocates. It’s for this reason that the report, released by the National Safety Council, a congressionally-chartered independent research agency, called for a national standard in teenage driving laws, also known as “graduated driver licensing” or GDL.

How Do PAYD Auto Insurance Discounts Work?

Posted in Auto Insurance

November 8th, 2011
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In recent times, several auto insurance companies have begun offering pay as you drive discounts. This type of discount is typically granted to individuals who are willing to have their driving habits monitored by the company. While some say the discount can be hugely beneficial for a policyholder, others say the loss of privacy isn’t worth the lower cost.