It seems like a lot of bad news comes out about Detroit, MI. With the city's massive financial woes now a given, a newly released study commissioned by Insurancequotes.com is bound to add to the negativity. The study finds that people living in the metropolitan area around the Motor City are paying the highest car insurance premiums by a huge amount, compared to the 25 largest cities in the US.
Driverless vehicles could cause insurance rates to plummet
Who is responsible when a self-driving car is involved in a crash? That question has been on a lot of car insurers minds, and a new study from the RAND corporation shows they have every reason for concern.
The kind of vehicle you drive has a lot to do with how much you pay for insurnce
It has been well documented that your car insurance rates are determined by a number of factors. These include your age, driving history, marital status, geographic location and credit history, to name a few. Your premium is also determined by the type of car you drive, though not in the way you might think, according to a new study from WalletHub.
Study finds most people don't know what goes into their premiums
You buckle up, your hands can be found dutifully at ten and two o'clock on the steering wheel and the needle never climbs a hair above the speed limit. You're a good driver, so clearly you should get low car insurance rates, right? Unfortunately, it's not that simple.
Insurance industry's new estimating services stand to reduce costs and customers' time
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.
New study shows moving violations can cause dramatic increases in insurance premiums
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.
Insurance companies are using driver behavior data to determine which drivers are the safest
Insurance companies have been using tracking devices to monitor driver behavior for a couple of years, and have learned that there are three things you might be doing that could indicate you're a higher-risk customer (and, sadly, will have to pay more that safer drivers for your insurance.)
The number of staged accident insurance claims has been on the rise in recent years, but they are often quite easy to spot. The video above shows some telltale signs that you might be the victim of a staged crash.
Louisiana residents pay a lot, Maine residents pay the least
According to an Insure.com study, Louisiana is number one -- in a very bad way. The Pelican State has the highest average insurance rates in the nation, beating out Michigan and Georgia to take the not-so-illustrious title for 2013.
Even with worse driving records, wealthier people quoted lower rates
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.
The damage from a major natural disaster can be harrowing – loss to life and limb combined with property damage, environmental, economic and psychological impact make picking up the pieces difficult. But long after the crisis ebbs, the damage lingers, becoming ever more pernicious and difficult to discern. Mold inside walls, unseen weakened structures... they all get covered up with fresh coats of paint. So, too, it is with the automobiles affected.
The European Union's Gender Directive is officially in effect. Last year, the EU Court of Justice ruled that "differences in insurance pricing based purely on a person's sex are discriminatory." That means that insurance companies can't factor gender into their premium tables, so as of December 21, 2012 the rates that EU residents pay for different types of insurance products will change – the expected trend for car insurance is that women's rates will go up while men's rates go down.
Early Estimates Predicted Hundreds Of Thousands Of Vehicles Were Lost
In the days since Superstorm Sandy, an alarming prediction has flashed across the Internet: Hundreds of thousands of flood-damaged vehicles will inundate the nation's used-car market, and buyers might not be told which cars have been marred.
New-car sales may dip in short term, but storm victims could add to year's strong sales numbers
The effects of Hurricane Sandy are expected to ripple across the auto industry.
In the short term, the superstorm is expected to hurt October sales figures, as dealerships across the Eastern Seaboard missed several days of sales. But in the months ahead, analysts expect the storm to boost an already-burgeoning industry as Sandy's victims replace damaged vehicles.
PURE Insurance demands more than $6K from grieving New York family
Struck and killed by a passing car? That will be $6,000, please. That's what one insurance company told the grieving relatives of a Long Island grandmother who was fatally injured while crossing a busy street earlier this year in Westbury, N.Y.