2010 was considered to be a defining year as far as the insurance industry in US was concerned. There were many ripples created and lot of arguments too. People also learnt about the need to get proper insurance coverage in order to not run into massive debts in unfortunate situations. In the last quarter of 2010, some massive changes had started to roll in the auto insurance industry. With the market getting increasingly competitive prices have remained stable or in some cases actually declined. There have been some predictions for the year 2011, on what the trends are going to be.
There will be more new players in 2011 expected.
Read more…
New research from LV= suggests that staged car accidents are taking place in record high numbers.
Questioning motorists involved in accidents in the past two year, the insurer found that over one in 20 believed they had been a victim of a “crash-for-cash” scam, with “rear-ending” (when a fraudster brakes sharply causing the driver behind to hit them) the most common form of entrapment.
Other popular methods include signalling another driver to merge into traffic and then crashing into their vehicle (24%), or “side-swiping” other cars (17%).
In
Read more…
There’s a reason why there are some exciting trends in Auto Insurance for 2011 — The automotive industry is constantly undergoing improvements, making new developments and establishing changes in the field. Therefore, it makes perfect sense that the auto insurance market has several exciting trends in 2011.
With the automotive industry’s 2011 introduction of the all-electric cars (Nissan’s Leaf and Chevy’s Volt), plug-in hybrids (Yaris and Prius) and voice-control interface technology (Kia Sorento SUV) — it’s going to be an exciting year with several new auto insurance trends to watch, as well. Auto insuranc
Read more…
It is a well known fact that there are certain areas in the world that cheap car insurance providers simply will not touch with a barge pole. For example, native insurers in France will not insure any vehicle as soon as it sets wheel on the island around the Arc de Triomphe on the Champs Elysees in Paris. There are no applicable rules on that island so you literally take your chances with the traffic, but what does this mean for you when you are there?
Now is the time to start thinking about where you want to travel this spring and summer and these elements need to be taken into consideration if you plan on driving your own car.
Read more…
If you’re trying to find ways to save money on car insurance — you’re in luck! There are plenty of ways to save money, without putting a lot of effort into it. Keep reading to find out how simple it can be to save money on your auto insurance.
Insurance: Everyone needs it (auto insurance is required in most states), but it’s an expense most people wish they didn’t have to pay. Despite this fact, we all have to pay for coverage. However, car insurance doesn’t have to cost a lot.
Here are a few suggestions for ways to save money on your auto insurance premium:
Quotes
Your personal insurance costs vary from company to company – this is because insurance companies use different rating methods for calculating your premium. You need to f
Read more…