Vehicle Insurance

  • Vehicle Insurance

    Car Prices Are Way Up. That Could Be Trouble For Auto Insurers.

    Text size Data from J.D. Power shows a more than 50% rise in the cost of used vehicles on average. Brandon Bell/Getty Images About the author: Marty Ellingsworth is executive managing director of global insurance intelligence at J.D. Power. Nearly two years into a global reckoning on the supply chain, inflation, and new and used vehicle prices, auto insurers are staring down a big problem. All the analytical models built with historical data to determine repair and replacement costs now need a refresh. Every vehicle claim underway might be significantly more expensive than those models assumed. And portfolios of  

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  • Vehicle Insurance

    Changes to no-fault auto insurance law push car crash survivor toward death

    Almost every week since September, people who have survived car crashes with catastrophic injuries have been coming to the state Capitol building to ask legislators for help. They’re losing their care. That’s because the new no-fault auto insurance law slashed payments to their care providers nearly in half. Many care providers are going broke. As each week passes, and nothing is done, the desperation of survivors and their loved ones grows. At the Capitol gathering last week, I met 68-year-old Charlie Wallace. He told me he’d planned to be at the gathering with his son by his side. Instead, he  

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  • Vehicle Insurance

    Global Commercial Auto Insurance Market (2021 to 2030) – Opportunity Analysis and Industry Forecasts

    DUBLIN, January 17, 2022–(BUSINESS WIRE)–The “Commercial Auto Insurance Market By Distribution Channel, Coverage Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering. Commercial auto insurance is a policy of physical damage and liability coverage for amounts, situations, and usage not covered by a personal auto insurance policy. In addition, it provides a variety of coverage for cars, trucks, vans and other vehicles used for business purposes. Generally, large fleets and small businesses usually prefers two major coverage such as physical damage insurance and liability insurance coverage. Bodily injury  

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  • Vehicle Insurance

    Average auto insurance rates in Michigan increase slightly, but are no longer highest in nation

    The average cost of auto insurance slightly increased over the past year as more drivers parked at home during the early months of COVID-19 returned to the roads — but Michigan no longer has the highest average rates in the nation. The Zebra, a national auto insurance comparison site, calculated average costs of purchasing car insurance in zip codes around the country using publicly available rate data for its 2022 State of Auto Insurance report. Statewide, average annual premiums in 2021 clocked in at $2,639, up from the average rate of $2,535 in 2020, according to the analysis. Michigan  

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  • Vehicle Insurance

    Beware of tricks involving Michigan auto insurance refunds

    LANSING, Mich. (WLNS) — The Michigan Department of Insurance and Financial Services (DIFS) is warning Michiganders to be aware of scammers who may try and exploit the recent announcement that Michigan drivers will be receiving refunds from the Michigan Catastrophic Claims Association (MCCA.) “Whenever there is a widespread distribution of funds to consumers, inevitably there will be bad actors who attempt to take advantage of the situation in order to steal personal information or money from consumers,” DIFS Director Anita Fox said in a press release. “Your refund check or ACH deposit will come directly from your insurer, and you  

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  • Vehicle Insurance

    Erie Auto Insurance Review 2021

    Pros Explained Multiple support options: When you need help with your policy, Erie offers online and phone support, in addition to local agents.  Several bonus services: Your Erie insurance policy could include several things, such as Erie Auto Plus and Erie Rate Lock. Straightforward website: Erie offers a well-organized and transparent website that makes it easy to find what you need with little trouble. Cons Explained Limited service area: Erie is only available in 12 states and the District of Columbia. No mobile app: Unlike other popular car insurance companies, Erie does not have a mobile app available.  No online  

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  • Vehicle Insurance

    Maryland auto insurance among highest; Virginia top for aggressive drivers

    One estimate expects average auto insurance premiums to rise 5% in 2022, according to Insurfy’s annual report, after rising an average of 12% in 2021. Pandemic lockdowns in 2020 significantly impacted the number of commuters on the road, and the drop in insurance claims that resulted was so big that insurance companies issued policy holders partial refunds on their premium payments. Commuters are back on the road now, and insurance claims have risen, and so will insurance premiums paid by policy holders again in 2022. One estimate expects average auto insurance premiums to rise 5% in 2022, according to the  

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  • Vehicle Insurance

    Geico Auto Insurance Review 2022: Pros and Cons

    Geico is the nation’s second-largest auto insurance company, known primarily for low rates offered directly to consumers online and over the phone. It is available in all 50 states and Washington, D.C. If you’re looking for an affordable car insurance policy, and you’re comfortable managing your own accounts online when an agent isn’t nearby, Geico might be right for you. See what you could save on car insurance Easily compare personalized rates to see how much switching car insurance could save you. ZIP Code GET MY RATES Get started on Insure.com Geico auto insurance coverage When you’re shopping for car  

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