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Live in Illinois? Your Car Insurance Rates are Going Up!
Posted in Auto Insurance , State Farm
June 9th, 2009
1 Comment
Because liability claims are increasing in Illinois, State Farm insurance is being forced to raise their rates for the third time in less than a year. The most recent spike in costs averages 2.5% and is set to occur with the first wave of renewal notices being issued on June 29, 2009. This latest wave of increases is expected to generate $40 million in revenue for the company. 
How Much Property Damage Liability Coverage Do I Need?
Posted in Auto Insurance
June 8th, 2009
4 Comments
If you weren’t born with a silver spoon in your mouth and a sizable trust fund in your name, then you have probably worked very hard to earn every dime and all the toys you have purchased over time. If that’s the case, then proper levels of insurance are required to cover all your material possessions and to fend off any possibility of financial ruin that can happen at a moments notice. One way to defend against possible financial difficulties is arming yourself properly with property damage liability auto insurance coverage. The basic rule of thumb is the more assets you have, the more property damage liability auto insurance you will need.
A One of a Kind Insurance Program: Harmful?
Posted in Auto Insurance , Progressive
June 3rd, 2009
1 Comment
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PIP or No – Fault Car Insurance
Posted in Auto Insurance , Auto Insurance Claims , Personal Injury Protection
May 28th, 2009
1 Comment
Car insurance can be confusing, especially if you are moving to a different state. Each state has their own laws not only governing the amount of coverage you need to maintain for your auto insurance, but your state may operate differently from your previous state regarding their status as a no-fault state. In a no-fault state, regarding auto insurance, the driver’s insurance provider is required to pay the claim of the injured plus their passengers, regardless of who caused the accident.
Do All Car Insurance Policies Have Personal Injury Protection?
Posted in Auto Insurance , Auto Insurance Claims , Personal Injury Protection
May 12th, 2009
1 Comment
PIP stands for personal injury protection insurance and will cover the medical expenses, lost wages or funeral costs for up to $10,000 for either you or any passenger in your vehicle involved in a collision in a no-fault insurance coverage state. That means your car insurance will be responsible for paying the claims for the injuries regardless of who caused the accident. In the states that legally mandate PIP coverage, their auto policies are already designed to include the personal injury protection feature.
Who Needs Property Damage Liability?
Posted in Auto Insurance , Auto Insurance Claims , Comprehensive Insurance , Property Damage
May 11th, 2009
1 Comment
If you are a new driver in the process of purchasing your first car, aside from the vehicle price tag there are other factors you need to include in your transportation budget. Car maintenance, fuel expenses and car insurance are all mandatory expenses that need to be worked into the final price. When it comes to car insurance, that cost will be influence by the type of vehicle you buy, your driving history, age, gender and the state’s minimum requirement for proper levels of insurance. Every state has their own laws governing the amount of insurance drivers must carry, and the state requirements for property damage liability is generally $5000-$25,000.
History of Liberty Mutual
Posted in Auto Insurance , Auto Insurance Companies , Liberty Mutual
May 11th, 2009
No Comments
Liberty Mutual Group is an American insurance company founded in Boston in 1912, and today is in the top 100 of Fortune 500′s largest companies in America. Liberty Mutual offers a wide range of insurance and financial products at competitive price levels, which matched with an excellent history of customer service and competitive pricing allowed it to grow into the company it is today. They have also earned an A.M. Best Co. rating of an ‘A’ (excellent).
History of Allstate
Posted in Allstate , Auto Insurance
May 8th, 2009
No Comments
Allstate was founded in 1931, and by 1933 had an IPO that became the biggest in the history of the US. Allstate was originally a part of Sears, when President and Board Chairman General Robert E. Wood developed the idea that they should sell insurance through the mail. Allstate has stood behind the idea of better rates for better drivers, and was one of the first to pioneer the rates class system rewarding its safer drivers. In the 1950′s, the company started the first drive-through claims office that stands as a testament to their innovation and commitment to improving the claims process for its customers.
State Farm Florida Exit Plan Hearing
Posted in Auto Insurance , State Farm
May 8th, 2009
1 Comment
Florida state regulators have granted State Farm an appeal hearing in its case to withdraw from the Florida home insurance market over a period of two years. Earlier this year, State Farm stated its intention to drop 1.2 million property policies and about 700,000 homeowners from its coverage. The hearing does not surround State Farm’s withdraw, but rather the way in which it will exit the business.
History of State Farm Insurance
Posted in Auto Insurance , State Farm
May 8th, 2009
No Comments
State Farm Insurance was founded by a farmer and insurance salesman by the name of George Jacob “G.J.” Mecherle. Even early on, he believed in fairness and customer service above all things in a business. As a farmer himself, Mecherle knew that farmers drove less and were involved in fewer accidents per year than other drivers, and as a result they should pay less. But because his employers disagreed, he took the notion that less at-risk drivers should pay less and founded his own insurance company.
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