US insurance companies may want to adopt this idea.
- Greg Migliore
- Aug 6, 2015
Up to 10,000 vehicles were damaged during recent storms in Texas. Copart, which works with insurance companies, suggests checking VINs to make smart buys.
A group of more than 500 body shops in 36 states have filed a lawsuit against the nation's top insurers over a practice called "steering", which is when insurers use various tactics to lead a policyholder to one of the company's preferred repair shops after an accident. The insurance industry says it doesn't happen, a CNN investigation and at least two attorneys general say otherwise.
Google is reportedly set to begin offering auto insurance quotes through its Google Compare Auto Insurance Services site. It has been talking to insurance companies for two years about the online destination where customers can compare and buy policies, with the Internet giant taking a cut of each sale.
Coverhound Insurance has sold around 20,000 auto policies, and that's been enough for the online comparison-shopping site to notice an EV-friendly trend: electric vehicles are cheaper to insure. An average of $200 cheaper, in fact, according to CoverHound CEO Keith Moore.
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