According to a new study analyzing auto insurance rates, getting married when you're young can bring a big savings on premiums, but it's a temporary one. Also, starting from their 30s women actually pay higher premiums then men.
Google is officially getting into the auto insurance quote business in the US with the launch of its Compare tool. Currently, the site only works for those in California but is expected to expand to other states.
Insurance companies are starting to consider the potentially massive implications that autonomous vehicles could have on the auto industry. There are also major questions about liability still be to answered.
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.
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.
A man in Scotland could be saddled with thousands of dollars in bills caused by a motorcycle crash that he had nothing to do with. The tragic incident occurred when Paul Duffy sold his bike, and the new owner was in a fatal accident on it a few days later. However, the rider didn't have any insurance on the cycle, and Duffy hadn't yet canceled his own policy.
If you're hoping to avoid a car accident, even a minor fender bender, it might be best to avoid Massachusetts at all costs. In the tenth annual Allstate America's Best Drivers Report, cities in the Bay State took three of the four worst spots in the study. In two areas, drivers are more than twice as likely to be in a collision than the national average.
When a Bugatti Veyron crashed on a highway in Austria a few months ago, insurance company AXA estimated the cost of repairs at upwards of $800,000. Of course, there were worries that even after all the repairs the car may never drive quite the same. So rather than try, the insurance company evidently wrote it off and paid the owner the insured value of the car. But now it's got the wrecked Bugatti on its hands, and is looking to offload it.
Elderly And Foreign Visitors Especially Targeted, According To Lawsuit
In retrospect, Eileen McMonigal believes she looked like the perfect target for a scam. She had recently fractured an ankle, so when her flight arrived in Tampa, Florida, she needed a wheelchair to get around the airport. A young escort helped collect her belongings, which included carryon luggage and a puppy in a travel carrier.
Having a teenage boy on your plan will cost you even more
It's tough to have a teen driver in the family for numerous reasons. A new study from insuranceQuotes.com found one more: insurance rates skyrocket when an average married couple adds one to their policy.