• Vehicle Insurance

    Here’s what is driving up auto insurance costs, and how to keep yours low

    Auto insurance costs are rising as fatal accidents increase. Here’s how you can save.  (iStock) The average cost of car insurance in 2021 has been driven up by a variety of factors, but there are steps you can take to keep expenses for your insurance policy low.  A rise in accident frequency and severity, as well as supply challenges amid higher demand for vehicles and parts, have accelerated the cost increase, according to a new white paper from the American Property Casualty Insurance Association (APCIA).  “This new study highlights recent trends in the U.S. auto insurance market that  

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  • Vehicle Insurance

    Do vehicle classifications impact auto insurance rates?

    Breadcrumb Trail Links Insurance Insurance companies use all kinds of vehicle data to calculate their premiums, but classification doesn’t play a major role Author of the article: Brennan Doherty, LowestRates.ca Article content When it comes to buying auto insurance , vehicle details matter — and there are a lot of different ways to classify cars. Advertisement This advertisement has not loaded yet, but your article continues below. Article content Are you driving a sedan or a sports coupe? A compact crossover or a mid-size SUV? A motor vehicle or a passenger vehicle? All of these categories are used by governments  

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  • Vehicle Insurance

    Patent Issued for Accident fault determination for autonomous vehicles (USPTO 11127086): State Farm Mutual Automobile Insurance Company

    2021 OCT 13 (NewsRx) — By a News Reporter-Staff News Editor at Insurance Daily News — State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent number 11127086, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’s inventors are Christensen, Scott T. (Salem, OR, US), Farris, Scott (Bloomington, IL, US), Hayward, Gregory (Bloomington, IL, US), Konrardy, Blake (San Francisco, CA, US). This patent was filed on June 8, 2020 and was published online on September 21, 2021. 

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  • Vehicle Insurance

    New auto insurance law forcing severely injured people to scramble for scarcer and scarcer care

    The first thing you notice about Jake Veeder is his horrific injuries. The second thing you notice is his absolutely killer smile, the kind that lights up his whole face. His mother is Tricia Smith. She has the same smile. Smith looks way too young to be the 23-year old Veeder’s mother. People mistake the two for brother and sister, or worse, girlfriend and boyfriend, all the time. “I hate it,” Veeder said, with just a tiny hint of that killer smile. I met mother and son, along with Melanie Olson, Veeder’s medical case manager, outside his new home, Maple  

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  • Vehicle Insurance

    Travelers Outlines Framework for Autonomous Vehicle Insurance in Canada

    TORONTO–(BUSINESS WIRE)–The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today released its position paper “Insuring Autonomy: How Auto Insurance Will Lead Through Changing Risks” in Canada. The paper presents the company’s assessment of how the existing auto insurance structure can be leveraged for autonomous vehicles (AV). “Travelers has a long history of supporting innovation within the transportation industry, and we hope to contribute to thoughtful discussions about the future of AVs in Canada,” said Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers. “With  

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  • Vehicle Insurance

    State Auto Insurance Review 2021

    State Auto insurance was founded in 1921 and was referred to at that time as the State Automobile Mutual Insurance Company. Now, 100 years later, the regional carrier writes auto insurance premiums in 33 states, is valued at over $2 billion and has total assets worth over $4.6 billion. State Auto writes a variety of policies, ranging from auto and homeowners, to policies for renters and farm products. While the main headquarters operates from Columbus, Ohio, there are other offices for State Auto located throughout the midwest, Tennessee and Texas. State Auto car insurance State Auto offers auto insurance under  

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  • Vehicle Insurance

    Here’s How Much a Speeding Ticket Affects Insurance Premiums

    Speeding can increase the chances of an auto accident because it takes longer for a motorist to stop the vehicle when the car is going faster. It’s also harder for motorists to control the vehicle or to see obstacles in their path in time to swerve if they are going faster. And when a driver speeds, the added force of the car is more likely to cause an accident to be serious if it occurs. Because speeding is so dangerous, auto insurance companies view it as much more risky to insure a motorist known to drive too fast. Because of  

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  • Vehicle Insurance

    Common vehicle flooding problems and insurance protection after Ida

    The vice president of Peiffer Insurance said if you have comprehensive coverage, you will be protected if your car was damaged by flooding. Lots of cars got stuck in flooded water on the roadway on Wednesday during Ida. A local auto shop and insurance company discuss car flooding and protection. An automotive technician at Team One Auto Group in York County, Alex Scheivert said flood damage typically doesn’t appear for at least a few months depending on the extent of flooding. Common vehicle issues include mold and electrical issues. Scheivert said if water gets into the engine of the vehicle,  

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