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.
How can you put a cost on human life? You can't. But you can attempt to put a price on how much that person's absence can cost a company. And in the case of Paul Walker, that could turn out to be as much as $50 million.
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.
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.
General Motors is gearing up to begin recalling 1.6-million cars for faulty ignition switches, and in preparation, it has struck deals with rental car agencies Enterprise, Avis and Hertz to reserve thousands of loaner vehicles to serve affected customers. The company has even dropped its policy to only rent out GM models from the current or previous year, which means some owners will likely be driving competitors' cars during the repair.
Building a car out of aluminum has a number of benefits - the lighter weight allows the vehicle to be more agile, more fuel efficient, make better use of its power and be more resistant to dings and dents. The downside to the advanced construction, though, is that repairs are both challenging and expensive. That's troubling for the new, aluminum-bodied Ford F-150, because it's kind of made a name for itself as a rugged, durable work vehicle.
On New Year's Eve, an Uber driver struck a family of three as they were crossing a San Francisco street. The driver, 57-year-old Syed Muzzaraf, turned into the crosswalk without yielding and struck six-year-old Sophia Liu, her brother and her mother, San Francisco District Supervisor Jane Kim told Autoblog's sister website, Tech Crunch. Sophia was killed and her mother remains in critical condition at San Francisco General Hospital.
We don't have to tell you to think twice about causing an accident (we hope), but if you do happen to be at fault in a crash, there are a few states where insurance rates jump by as much as 67 percent. That's in Massachusetts, but California drivers who are at fault in a crash experience a substantial 62 percent rate hike, and New Jersey isn't far behind at 59 percent, according to a survey reported by the Los Angeles Times. The national average rate hike when a driver is at fault in a crash is
In the face of rising auto insurance premiums, insurance companies have been responding with potentially cheaper, pay-as-you-drive plans that, for billing purposes, track when, how, how much and where drivers use their vehicles instead of basing rates on statistics and past trends, The Detroit News reports. The practice isn't yet mainstream, but the National Association of Insurance Commissioners predicts 20 percent of insurance plans will be pay-as-you-go in five years; right now they account f
Three-year-old peer-to-peer car rental service Relay Rides has run into a rough ride in New York, accused by the state's Financial Services Department of "repeated false advertising and violations of insurance law."
When Geico gave the go-ahead on a new ad for motorcycle insurance set to the iconic Midnight Rider by the Allman Brothers, we're guessing the company didn't realize band members Duane Allman and Berry Oakley both died in motorcycle accidents within a year of one another. The deaths are the stuff of rock and roll legend, as both Oakley and Allman perished in crashes in Macon, Georgia within a block of one another back in the early '70s.