• 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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  • Insurance

    California pushes for auto insurance refund checks due to less driving during pandemic

    Three auto insurance companies in California are receiving increased pressure from the state to issue auto insurance refunds due to the lack of driving during the pandemic.  (iStock) California is taking action against three auto insurance companies, directing them to reimburse their drivers for premiums they were charged at the start of the pandemic.  The three companies in question include Allstate Northbook Indemnity, Mercury Insurance and CSAA Insurance Exchange, which provide insurance to about 20% of Californian drivers, according to an Oct. 6 press release from the state’s department of insurance.  Data analysis by the department showed these  

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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

    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

    Women pay $77 more for auto insurance than men in Colorado

    DENVER (KDVR) — When it comes to the price of car insurance in Colorado, a new report shows women are paying a lot more than men. It turns out, Colorado has one of the highest gender disparity gaps in the nation when it comes to vehicle insurance costs. Analysts at QuoteWizard looked at the average car insurance rates through every insurance company in our state and then compared prices for men and women. Prepare for ‘season of shivers’: Farmer’s Almanac releases winter outlook According to the research, female drivers in Colorado pay on average about $77 more to insure their  

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  • Vehicle Insurance

    Auto Insurers Shortchanged Drivers On COVID Rebates, Consumer Groups Say : NPR

    A school bus drives down a street on the first day of school reopening on December 7, 2020 in the Brooklyn borough of New York City. ANGELA WEISS/AFP via Getty Images hide caption toggle caption ANGELA WEISS/AFP via Getty Images A school bus drives down a street on the first day of school reopening on December 7, 2020 in the Brooklyn borough of New York City. ANGELA WEISS/AFP via Getty Images If you had auto insurance during the pandemic, you may have received a refund from your insurance company. According to two consumer groups, you got shortchanged. The Consumer Federation  

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  • Vehicle Insurance

    Progressive Insurance Hurt by Rise in Auto Claims, Low Premiums in Q2

    Progressive Corp. reported a 56% decrease in net income to $790.1 million for the second quarter. Net income was down 9% for the first six months. The company said the largest contributor to the year-over-year decreases was the reduction of underwriting income, which decreased 68% for the quarter and 38% for the first six months of 2021. The companywide underwriting margin for the second quarter 2021 was 3.5%, compared to 12.3% for the same period last year. The combined ratio rose by 8.8 points to reach 96.5, compared to 87.7 in the same period last year. The results reflect higher  

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