Drivers who do not drive often or drive great distances are at far less statistical risk to be involved in a car accident than other drivers. Because of this, these drivers are often eligible for a significant discount on their auto insurance, or may be able to purchase a completely different, “low-mileage” policy which costs far less than a regular insurance policy.
What is Low Mileage Auto Insurance?
Low-mileage auto insurance is a policy for drivers who only use thier vehicles in a limited way. Dri
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NU Online News Service, Sept. 23, 3:14 p.m. EDT
Michael “Mike” R. Donohoe was named the new chairman of the Independent Insurance Agents & Brokers of America this week.
Donohoe is owner of the James R. Weir Insurance Agency, an independent insurance agency in Mankato, Minn.
His installation came during the association’s Leadership Conference this past week in Minneapolis, Minn.
“Mike has led by example and is a true champion of the independent agency system in his home state of Minnesota,” says Robert Rusbuldt, IIABA president and chief executive officer. “The Big
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Housing values have plummeted throughout the United States.
The pace of existing-home sales dropped more than 8 percent from January 2008 to January 2009, reported the National Association of Realtors. Home values declined for 76 percent of all U.S. homes during 2008, estimated Zillow.com. And housing prices have fallen in 70 percent of all metro areas over the past several years, according to Moody’s Economy.com. What’s more, the rate of new-home construction is now at its lowest in 50 years, noted the U.S. Census Bureau and Department of Housing and Urban Development.
INSPRO Insurance also sees what’s not going down, though, is the cost of rebuilding and repairing houses. Construc
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Three-fifths of American families with teenagers who are licensed to drive have cut back on car-related expenses for their offspring because of the slumping economy, but many parents are still willing to foot the bill for their teens to be behind the wheel, according to a new Allstate Insurance survey.
The survey, released Wednesday, found that 60 percent of parents with licensed teens say they are spending or setting aside less for their children’s driving. That proportion varied according to income, however, with 72 percent of households earning less than $30,000 a year tightening their belts as compared to only 32 percent of families making more than $75,000 annually.
The phone survey of 600 parents nationwide reflects economic concerns among Americans. A
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WASHINGTON, Sept 13 (Reuters) – The U.S. Read more…