GEICO Mobile Cycle offers convenience to buy a policy from your smartphone – EON: Enhanced Online News (press release)
WASHINGTON–(EON: Enhanced Online News)–GEICO has made it a lot easier for cycle enthusiasts to shop for insurance with GEICO Mobile Cycle. Riders can now get an ATV or motorcycle quote and purchase a policy from their smartphones at any time of the day and night.
Read MoreOAI: Corvette Theft Report Highlights Comprehensive Insurance Value – Exec Digital (press release)
Source: Online Auto Insurance Los Angeles, CA, May 16, 2012 –(PR.com)– A 30-year analysis from the National Insurance Crime Bureau (NICB) on stolen Corvettes found high theft rates in California and of stolen ’80s-era models, highlighting the importance of having comprehensive coverage because it’s the only kind compensating policyholders when their car is stolen, according to Online Auto Insurance.The report shows that Corvette owners have about a 1-in-10 chance of getting their car stolen, which should be a red flag to owners indicating that they need to get covered against theft.Generating car insurance quotations for comprehensive coverage can show lower-than-average rates if the number of thefts in a policyholder’s locale is below average. Conversely, living in a region with higher-than-average theft rates can inflate comprehensive coverage costs.The NICB found that California led all states in the U.S.
Read MoreInsurance costs and wages in Alaska – The Alaska News
The insurance industry conducted a study recently which reveals a widening gap between insurance costs and wage increases.
Read MoreProgressive(R) Insurance Introduces Expanded Coverage for Boat Propulsion Systems – MarketWatch (press release)
MAYFIELD VILLAGE, Ohio, May 09, 2012 (BUSINESS WIRE) — Progressive(R) Insurance has introduced a new coverage that meets boaters’ needs for more complete protection of their propulsion systems.
Read MoreOAIN: Rates Increasing for Texas High-Risk Car Insurance Program – EIN News (press release)
Bodily injury, property damage liability hikes will go into effect July 1 /EINPresswire.com/Texas officials announced Wednesday that they will be raising bodily injury and property damage liability rates within the state-run program that covers high-risk motorists, reports Online Auto Insurance News. Rate increases for the Texas Automobile Insurance Plan Association (TAIPA) will amount to a 24.1 percent overall hike for personal passenger auto policies. The new rates go into effect July 1
Read MoreGEICO offering lowered rates for commercial auto insurance plans in Maryland – EON: Enhanced Online News (press release)
FREDERICKSBURG, Va.–(EON: Enhanced Online News)–GEICO has good news for business owners in Maryland: GEICO’s new rating structure on commercial auto insurance could save business owners money on their business auto insurance. “Consumers can now contact GEICO for all of their automobile insurance needs, and through the GEICO Insurance Agency we can meet other insurance requests they may have” “As the largest insurer of personal autos in Maryland, GEICO already has a strong presence in the state,” said John Izzo, regional vice president of GEICO’s Mid-Atlantic operations. “In 2011 we implemented a new rating structure in Maryland for our commercial auto insurance product that has led to significantly lower premium rates for most risks.
Read MoreRV Insurance Provider Announces New Specialty RV Coverage – PR Web (press release)
Flagstaff, AZ (PRWEB) April 24, 2012 RV Insurance Professionals reminds RV and Travel Trailer owners to review their current RV policies to ensure that they have the best coverage available in the marketplace. “Many RV Owners still buy their RV Insurance policies with traditional Auto Insurance companies, many of whom do not provide specialized RV coverage”, stated Derek Kartchner, with specialty insurance provider RV Insurance Professionals, a division of International Insurance Group, Inc. (http://www.iigins.com) Some of the specialty RV Insurance coverage options now provided by http://www.iigins.com include: Agreed value coverage: removes the questions that may occur at the time of a loss by locking in the value of the RV or Travel trailer at the time of insurance purchase.
Read MoreAutomobile.com Introduces Car Insurance Quotes for Every Make and Model – Sacramento Bee
LOS ANGELES, April 24, 2012 — /PRNewswire-iReach/ — Automobile.com now offers drivers the ability to compare car insurance quotes for every available make and model.
Read MoreIs it cheaper to insure a Honda Civic sedan than a coupe? – Fox Business
Question: How is the Honda Civic coupe classified in comparison to the Civic sedan? Will a coupe have a higher car insurance rate than the sedan?Answer: More often than not, car insurance providers will find one or more of the risk factors associated with a coupe to push the cost of its coverage higher than that of the same model sedan, and this is what we found with the Honda Civic.For insurance companies to come up with the vehicle classifications and rating for each make and model vehicle, they take into account several ratings factors, including, but not limited to: Initial purchase price of the vehicleCost of repairsHow often the model/type of vehicle is involved in an accidentSafety ratingsTop speed / horsepowerRate of theftUsing these factors, two-door coupes are typically more expensive to insure than a four-door sedan, but this isn’t true all of the time since insurance companies rating systems and vehicle rating classifications do differ. For an example of the difference in costs, we ran a quick quote for a 30-year-old single male living in Edmond, Okla.,for both a 2012 Honda Civic sedan and coupe. We chose bodily injury liability limits of $50,000 per person, $100,000 per accident and $50,000 for property damage liability (50/100/50 coverage) and carrying collision and comprehensive with $500 deductibles each.The sedan came back with a rate of $1,626 a year and the coupe $1,838, so the coupe in this rate comparison was more expensive by $212 per year. The differences were seen in higher rates on your bodily injury liability, collision and comprehensive coverages. Comprehensive (coverage that protects against theft) went up the most; this coverage was $144 more a year for the coupe than the sedan.If you are shopping around for a new car and a Honda is at the top of your list, you’re in luck. We’ve already done some of the heavy lifting for you. We have complied auto insurance rate comparisons for several 2012 Honda models here.We also have gathered information specifically on the 2012 Honda Civic, which includes car insurance comparison rates for it and its competitors. Your car insurance rates will differ above or on the Honda pages because your premium will be based on your location, driving record, annual mileage and other important rating factors.I’d encourage you to get a free auto insurance rate quote before purchasing your new vehicle, whether it’s a Honda coupe, sedan or totally different car. This way, when you head to the dealership to purchase your car there are no surprises on how much your auto insurance premium will be.The original article can be found at CarInsurance.com:Is it cheaper to insure a Honda Civic sedan than a coupe?
Read MoreOAI: Hybrid Owners Can Offset Car Insurance Prices with Discounts – PR.com (press release)
A California premium analysis shows higher average prices for hybrid owners, but discounts are also available to them.Los Angeles, CA, April 21, 2012 –(PR.com)– A new FAQ from quote-provider OnlineAutoInsurance.com is pointing out that hybrid and electric car owners may see higher coverage costs than their gas-only counterparts, but the company notes that a handful of insurance companies will offer discounts to hybrid owners, which may help offset these increased costs.According to the site, consumers who run an auto insurance quotes comparison of prices for gasoline-only and hybrid versions of the same car will generally see higher rates for the hybrid version.A premium analysis run by the site for a 2011 Highlander driven by a 30-year-old male in Southern California showed that, among eight companies, insurance was always cheaper for the gas-only car.
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