Listening to an insurance agent explain auto coverage options makes most people's eyes glaze over, and trying to digest website information without anyone to guide you is even worse.
As insurance costs rise with car prices, ways to reduce costs seem to diminish. One Chicago-based company called Snapsheet, however, is poised to reverse some of that trend, by helping streamline the fender-bender repair process using motorists' smartphones to dramatically speed up damage claim estimates.
Serious violations such as drunk driving and driving recklessly will understandably lead to higher insurance rates, but, according to a new study from insuranceQuotes.com, even lesser infractions, such as minor speeding violations, result in significant increase in premiums for the offenders.
Pride yourself on being a safe driver? You might be paying a penalty for that distinction. The country's largest auto insurers often charge safe drivers more money for their annual insurance premiums than their more reckless counterparts, according to a study released Monday by the Consumer Federation Of America.
If numbers compiled by the Institute of Advanced Motorists are accurate, you better start a successful Internet business as a teenager in the UK if you want to afford your first year of driving. In the guise of the "average" 17-year-old male driving a 2007 ("57-plate" in UK parlance) Kia Picanto economy car, the IAM discovered that a year behind the wheel would run a staggering £11,500 ($17,890 U.S.).
Domestic automakers have outpaced their import counterparts on the top ten list of most stolen vehicles for the first time since 2002. According to a new report by the National Insurance Crime Bureau, Ford vehicles took three places on the Most Stolen Vehicles of 2010 list, while two Chevrolet and two Dodge models also made the cut. To be fair, only the 1999 Chevrolet full-size pickup (read: Silverado) and 1997 Ford F-150 broke into the top five – those models landed themselves in fourth a
Perhaps it's time that insurance companies start taking a closer look the policies they dole out. San Francisco-based Quality Planning agrees, and that's why the company works with insurers to help cut down on some of the fraud found throughout the industry. One area that's a bit surprising? The amount of luxury cars that wind up covered as farm equipment.
According to The Daily Telegraph, young drivers in Britain can pay as much as £546 per month for auto insurance. That's around $890/month at current conversion rates. The report indicates that UK drivers between the ages of 17 and 22 years old pay an average of £5,957 – around $9,640.
Unless you live in New Hampshire, here in the States, you're required to have some form of car insurance covering your vehicle. The annual cost to insure a car depends on an array of factors ranging from the type of vehicle to where you live to your driving record. You undoubtedly know what you pay for insurance on an annual or monthly basis, but do you know how much you will end up paying over the course of your driving life? According to Insurance.com, the average person will spend $84,388.
Today's autos are chock-full of safety equipment that vastly improves your chances of survival in the event of a crash. And if an automaker wants to achieve the best crash test scores, it has to ensure that parts like bumper beams, air bag sensors and radiator supports perform properly during a collision. But while automakers are concerned about their safety record, in some cases, aftermarket parts makers are more concerned with keeping costs down.
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