According to CheapAutoInsurance.org California Adjusts Auto Insurance … – PR Web (press release)
(PRWEB) May 17, 2012 Car insurance discounts, especially in today’s economy, are very important to motorists.
Read MoreSurvey results show best insurance companies for customer satisfaction – Live Insurance News
Research conducted by J.D. Power and Associates, called the 2012 U.S. Insurance Shopping Survey, has identified the auto insurers that have been named the best insurance companies in terms of service by their customers
Read MoreHow unpaid parking tickets can jack up your insurance rates – Fox Business
Question: Will having my license suspended, due to something non-driving related such as failure to pay parking tickets, affect my car insurance rates?Answer: Yes, your suspended license will affect your auto insurance premiums because it will be noted on your motor vehicle record.Your driving record is normally pulled at the inception of an auto insurance policy and before the end of your policy term, when it’s time to see if your insurer will renew your policy.While parking tickets alone are usually of no concern to an insurance provider, if your insurer sees that you’ve lost your driving privileges for unpaid tickets, it will definitely take notice. How much it focuses on the suspension and how much that can affect your rates depends upon the underwriting rules and rating system of your car insurance company. Insurance providers will usually charge a suspended driver’s license like yours as a minor violation, so at very least it would cause you to lose your safe driver discount (if you had one previously). Depending on your insurer and state, your rates could actually rise, too.For an example, we ran quotes for a 40-year-old woman in Albany, N.Y., driving a 2012 Prius. With a clean driving record, her annual premium was $1,064. But if she informed the insurer that there was a suspension and reinstatement of her license in the last year, her rates more than doubled to $2,774 a year.If you had a major offense on your record, such as a DUI, in connection with the suspension, then rates would go up even more because your insurer would be rating you on that violation as well.
Read MoreAuto Insurance Companies With The Most-Satisfied Customers – Forbes
While many motorists shopping for car insurance tend to focus on their monthly premiums, price is only part of the equation.
Read MoreOAI: Report Highlights Politics’ Role in Changing Auto Insurance Industry – Exec Digital (press release)
Source: Online Auto Insurance Las Vegas, NV, May 10, 2012 –(PR.com)– A recent report from research firm Celent outlines the questions and reactions insurers would have after improving automotive technologies produce a likely drop in the number of crashes, emphasizing the political connections that companies should foster as the industry rapidly changes, according to Online Auto Insurance.The best rated car insurance providers often write the biggest dollar amount in premiums but may have an especially complex time adapting to a scenario in which revenue drops significantly over the next decade, according to Donald Light, a senior analyst at Celent and author of the report, titled “A Scenario: The End of Auto Insurance, What Happens When There are (Almost) No Accidents.”“In the long term, insurers with a significant amount of auto business have to grapple with some very challenging enterprise strategy issues,” Light said in a statement.The report focused on four technologies—telematics, collision avoidance, automated traffic law enforcement and autonomous driving—that it says could lead to a significantly lower number of crashes.That trend may already be taking hold, with the National Highway Traffic Safety Administration projecting that the number of traffic fatalities in 2011 will hit its lowest point in more than six decades.
Read MoreGroundbreaking Service From Ratekick Shops For Auto Insurance For You – CBS Local
Filed under Business, News, Tech BINGHAM FARMS — For the first time ever, consumers can finally comparison-shop auto insurance rates and be alerted when rates drop thanks to a new service from Ratekick.com.
Read MoreCar insurance is necessary – Fairbanks Daily News-Miner
FAIRBANKS — Car insurance is a necessity — not only because it is required by law, but also because it protects our assets. It can be pricey, but discounts can save you a lot of money.Everyone knows there are certain factors that can add considerable additional discounts to your insurance quotes. A clean driving record, good credit rating, installed anti-theft device in your vehicle, and even good grades for student drivers are some of the most commonly known discounts.But what about the ones that aren’t as well known
Read MoreOAI: Most Car Insurance Shopping Starts Online, Study Finds – Einnews Portugal
The new J.D. Power survey shows fewer consumers are shopping around but that those who did switched insurers at an all-time high rateMay 02, 2012 /24-7PressRelease/ — A recent study released by J.D. Power and Associates shows that most shopping for insurance starts online, underlining the increasing impact that websites are having on the ways customers buy policies and insurers market themselves, according to Online Auto Insurance
Read MoreFewer Auto Insurance Buyers Shopping But More Switching Carriers: JD Powers – Insurance Journal
The auto insurance shopping rate has reached the lowest point in the past five years, with only 25 percent of insurance customers indicating they shopped for a new insurer in the past 12 months, down eight percentage points from 2011, according to the J.D. Power and Associates 2012 U.S. Insurance Shopping Study
Read MoreOnline Auto Insurance: Penn. Fund Recoveries Stress Regulators’ Role – Business Review USA (press release)
Source: Online Auto Insurance Pittsburgh, PA, April 30, 2012 –(PR.com)– Regulators in Pennsylvania recently announced that they recovered $3.4 million in restitution funds, emphasizing the consumer protection role that they play in the entire industry, according to Online Auto Insurance.Any shopper looking for cheap auto insurance quotes may also want to keep in mind the level of claims-satisfaction rates for insurers with rock-bottom prices. State regulators regularly post reports on complaints filed about insurers, and more than half of all complaints filed with regulators from 2009-11 were related to denials of claims or compensation delays, according to data compiled by the National Association of Insurance Commissioners (NAIC).OAI recommends that consumers peruse the complaint listings on those websites along with user-submitted reviews on other websites to get the fullest picture of an insurer’s quality.The recently recovered funds in Pennsylvania came from 3,211 written consumer complaints and inquiries submitted during the first quarter of 2012 and 27 enforcement actions. Regulators also reported collecting $71,000 in fines and penalties.One of regulators’ investigations looked into Travelers, identifying violations in how the insurer deals with nonrenewals and midterm cancellations of policies for commercial vehicles, finding instances where Travelers failed to return unearned premiums within the required time period after midterm cancellations.Auditors also noted a concern they had with a nonrenewal in which “notes indicated that if other lines of business were not written with Travelers, the company would have to request coverage be placed elsewhere.”Regulators said the practice, called “forced bundling,” was unacceptable.“The company must ensure this practice will not occur in the future,” regulators stated in their report.In other nonrenewal cases, travelers failed to document notices that are required to be sent to policyholders when an insurer does not continue business with them, according to regulators.Regulators found no violations related to Travelers’ personal auto policies.
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