A recent report showed that insurance carrier Allstate filed a patent for a new auto insurance device that would measure numerous aspects of a driver’s environment. The patented auto insurance device would measure everything from the driver’s vital signs to weather conditions to car stereo volume. The insurance giant claims that the device would “better […]
An auto insurance lawsuit filed by the state of Louisiana against industry giant State Farm will move back to the state’s courts in Baton Rouge. U.S. District Judge Gregory Presnell ruled that the case will move from a federal courthouse in Florida back to Louisiana. Attorney General Buddy Caldwell, who filed the auto insurance lawsuit […]
A study in Consumer Reports Magazine showed that drivers with low credit scores had higher Texas auto insurance rates than those arrested for driving while under the influence. The study found that drivers with poor credit paid an average of over $3,400 for their annual Texas auto insurance rates, while those with excellent credit paid […]
An Illinois couple is suing their insurance agent for failing to provide coverage for the husband due to an erroneous auto insurance exclusion. The suit maintains that, when the couple married, their agent failed to rectify the auto insurance exclusion that kept him from receiving coverage on his wife’s policy. The husband was involved in […]
A number of state insurance commissioners have expressed concerns about how insurance companies use non-insurance related data to determine their policy holders’ auto insurance rates. Several state insurance regulators are investigating the practice known as “price optimization.” This practice can cause carriers to charge higher auto insurance rates for their most loyal customers. Rather than […]
Most auto accident victims assume that they will see an increase in their auto insurance rates. While these drivers may have good cause for concern, not every accident results in a hike in auto insurance rates. Several factors go into how insurers evaluate their policy holders after they file an accident claim. These factors can […]
Detroit Mayor Mike Duggan recently announced his plan to reduce auto insurance rates for city residents. The plan, which he calls “D-Insurance”, could cut auto insurance rates for Detroit residents by as much as one-third. The plan comes in response to state laws requiring that insurers provide full medical coverage for anyone who suffers an […]
A spokesman for a consumer watchdog group has spoken out against the use of credit ratings in calculating auto insurance rates. Robert Hunter, a representative for the Consumer Federation of America, said that the practice of determining auto insurance rates by evaluating a policy holder’s credit history is “not fair” and “undermines safety.” The Washington-based […]
Most drivers understand how citations for moving violations can affect their driving record. However, some drivers may not be aware of how these violations can affect their auto insurance rates. Insurers use driving records, along with credit scores, to determine the premiums drivers will pay for coverage. Drivers with fines, court appearances and license suspensions […]
A recent study examined how insurance providers use a driver’s credit history to determine auto insurance rates. The study examined how auto insurance rates can vary from state to state and provider to provider for drivers with poor credit. In at least one instance, the study found that drivers with poor credit received auto insurance […]