• 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

    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

    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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  • Vehicle Insurance

    Man held on charge of forging vehicle insurance certificates

    Accused did not remit in insurance company money collected as premium, say police The police have arrested a 35-year-old man on the charge of cheating several people by forging vehicle insurance certificates. The accused man, M. Ashkar Ali, a resident of Thayneri in Payyanur, was apprehended along with K. Harshad, a resident of Kanhangad, during a routine police checking. They were travelling in a vehicle with a fake vehicle insurance certificate and were in possession of five grams of Methylenedioxyemethanphetamine (MDMA). Ashkar Ali, running a private insurance agency, was already under police surveillance following complaints against him. In the raid  

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  • Vehicle Insurance

    Caliber Collision presents Recycled Ride vehicle to local veteran & single father | State

    SARATOGA SPRINGS, N.Y. — The National Auto Body Council (NABC) has been providing vehicles to people in need for 13 years through their Recycled Rides program. By partnering with insurance agencies and collision industry experts across the country, they are able to help improve people’s lives by providing a much-needed source of transportation. This week, a local veteran was the latest recipient of a Recycled Ride. Caliber Collision in Saratoga partnered with GEICO Insurance to prepare a vehicle for Specialist Charles Clark, who spent four years in the Army and saw combat in Sarajevo from 1996-200, and three years in  

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  • Vehicle Insurance

    Illinois’ Electronic Vehicle Insurance Verification Program aims to crack down on uninsured drivers

    Springfield, Illinois (WMBD) —Vehicle owners who fail to prove insurance under the Illinois electronic verification program will be charged a $ 100 reinstatement fee. Secretary of State Jake Carter said the state’s mandatory electronic insurance verification program will come into effect from 1 July. Auto insurance companies and the Secretary of State are working together to verify auto insurance electronically. In most cases, electronic verification of car insurance is processed automatically, so the vehicle owner does not need to do anything. “My office has led efforts to establish and implement an online car insurance verification system that can help reduce  

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  • Vehicle Insurance

    Recreational Vehicle Rental Site Outdoorsy to Expand Its Insurance Division

    Recreational vehicle rental marketplace Outdoorsy said it will use some of the $120 million it recently raised to expand its digital managing general agency that sells insurance to RV owners and renters in the U.S. and Europe. Austin, Texas-based Outdoorsy, which calls itself the “Airbnb of RVs,” said the additional capital will also help it scale up its rental operations now that the U.S. economy and international economies are reopening. Outdoorsy, founded in 2015, has offices in the U.S, Canada, Australia, France and the UK. Roamly Insurance Group is a managing general agent offering digital insurance products for travelers and  

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  • Vehicle Insurance

    Florida SB 54 “Motor Vehicle Insurance”

    During its most recent session, Florida’s legislature passed Senate Bill 54—a bill designed to eliminate the no-fault system for auto drivers and require Florida motorists to carry a package of mandatory insurance coverage. Many opponents of this bill have cited the higher cost to consumers (likely to result in an increased number of uninsured drivers), urging Governor DeSantis not to sign the bill into law. Florida’s No-Fault Insurance Laws Under Florida’s no-fault system, if two vehicles are involved in an accident, each driver’s own personal injury protection (PIP) coverage will kick in to pay their medical bills and other  

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