• 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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  • Home Insurance

    Auto and homeowners’ insurance rates rising | Business

    Prices of groceries, clothes and furniture are going up and consumers can add two more things to the list that will be more expensive in 2022: auto and homeowners’ insurance rates. Michael Hartman, a licensed property, casualty and life insurance producer with Joyce, Jackman & Bell Insurors in Pittston, said auto insurance rates will rise between 3% and 12% this year due to “pricing pressures in the market.” According to the American Property Casualty Insurance Association, pandemic-era factors are making auto insurance more expensive across the U.S. and the world. “Factors that are impacting risks and costs around the world  

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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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  • Vehicle Insurance

    Timeline, FAQ released for Michigan auto insurance refunds

    Michigan Gov. Gretchen Whitmer’s office has issued a timeline and FAQ bulletin on the coming auto insurance refund checks due to insured drivers next year. “Get Caught Up” is ClickOnDetroit’s Saturday news review to help readers catch up on the biggest stories of the week. Last week, Whitmer announced that insured Michigan drivers will receive $400 per vehicle in 2022 after requesting a surplus reported by the Michigan Catastrophic Claims Association be returned to residents. Whitmer requested the refunds earlier this year, she called for a $5 billion surplus reported by the MCCA to be refunded to insured  

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