Auto insurance claims costs jump
Posted on February 7th, 2012
In a reversal of recent trends, auto insurance claim costs are on the rise throughout much of the country, a new report reveals.
According to the Insurance Research Councils Trends in Auto Injury Claims report, which used private passenger auto claim data from a variety of reporting agencies, the rise in costs is mainly attributable to a surge in injury claims, which have actually been on the increase for the past several years. However, because claim frequency had diminished, these rising costs hadnt been given much consideration. But the most recent data suggests theres been a jump in the prevalence of claims as well.
PIP claims have also proliferated
Further compounding the issue has been an increased incidence of personal injury protection claims.
Tags: Auto Insurance, Costs
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How to get best auto insurance rates for your vehicle
Posted on January 27th, 2012
Auto insurance rates vary from people to people depending on a lot of different factors. The rates differ not only for the people but they are different for different cars as well. Though the auto insurance companies work to ensure that the financial security of the investors is maintained even in a crisis situation, but the main of any business is to finally make money and to grow by achieving the task of serving their clients. Due to this motive of the auto insurance companies it is easy for the investors to find ways and get discounts on the premium amount.
How does one get them?
People buy auto insurance due to the necessity that it holds, however it is really not necessary that a person might need to avail of the services of the auto insurance company while the term of the policy lasts.
Tags: Auto Insurance, Auto Insurance Rates, Insurance Rates, Rates
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Compare Auto Insurance After a DUI
Posted on January 10th, 2012
If you or someone you know has gotten a DUI, Fox Business article DUI and car insurance: What happens next?
Tags: Auto Insurance, Dui
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Auto Insurance Company Rewarding Teens
Posted on October 17th, 2011
Auto insurance companies are always competing to win business, but MetLife had more in mind when they started their new Teens on the Road to Safety Program. This program is specifically designed to encourage young drivers to make safe driving a priority. The press release on Business Wire details how the program is expected to work.
MetLife Auto Insurance knew something needed to be done to reign in the number of accidents being caused by teenagers on the road. One in three teenage deaths occur in car crashes and MetLife believes that can be prevented through education and awareness. The program encourages young drivers to stay safe on the road by offering drivers who go a full year without accidents, claims or moving violations a $50 gift card from American Express. If
Tags: Auto Insurance, Teens
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Auto Insurance Quotes in Florida Questioned
Posted on August 24th, 2011
Auto insurance quotes in Florida continue to rise and this is causing some serious concern for consumer advocate groups in the state. According to the article Fla. Consumer Advocate Focusing on Auto Insurance by The Associated Press on MiamiHerald.com, Floridas insurance consumer advocate is forming a solid group to address the issue of increasing auto insurance rates.
Robin Westcott, appointed by Chief Financial Officer Jeff Atwater, points out that one of the main reasons rates continue to soar is because of the no-fault coverage for personal injuries layout of Florida auto insurance law. Westcott is encouraging those who have stake in the personal injury protection system including lawmakers to considering these groups and join to show support.
Tags: Auto Insurance, Auto Insurance Quotes, Florida, Insurance Quotes
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Nationwide Auto Insurance: Vanishing Deductible
Posted on June 24th, 2011
You may have seen some recent commercials on TV or ads in the paper from Nationwide Auto Insurance discussing their Vanishing Deductible program. A vanishing deductible sounds appealing but how does it exactly work and is it a good deal?
Basically this benefit will apply to good drivers only. If you’ve never filed a claim with your auto insurance company you may feel that it’s unfair to pay the same deductible as someone who has filed claims in the past. Nationwide believes you shouldn’t pay the same deductible if you have a clean record. That is what motivated them to create this unique plan for good drivers where the deductible “vanishes” with good behavior.
The Vanishing Deductible program drops your deductible by $100 for each year you are a safe driver. They even of
Tags: Auto Insurance, Deductible, Nationwide Auto Insurance, Vanishing Deductible
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Auto Insurance Fraud Prevalent
Posted on June 11th, 2011
Bristol West Insurance has a link on their page to The Coalition Against Insurance Fraud website with some useful information for consumers discussing how prevalent auto insurance fraud really is. One particular article discusses how even minor “fudging of details” can be considered fraud and ends up costing insurers and ultimately consumers a lot of money.
Auto insurance fraud is not only committed by hardened criminals or fraud rings. Many normal and generally honest people commit fraud through leaving out or changing minor details. Some people feel they are owed more because of all the premiums they have paid so they tell a little white lie to get a little extra money. They
Tags: Auto Insurance, Auto Insurance Fraud, Insurance Fraud, Prevalent
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