Live Insurance News

Auto liability insurance minimum is the focus in West Virginia

December 17, 2013December 14, 2013 H. Cutner

The state is mulling over a potential increase in the lowest possible amount of coverage. In West Virginia, approximately 15 percent of vehicle owners are carriers of the minimum allowable amount of auto liability insurance, said the commissioner in the state when speaking to a legislative interim committee. Mike Riley spoke to the committee on Tuesday, using the results of a survey of the largest carriers in the state. Commissioner Mike Riley spoke based on a survey that was conducted on the four largest auto liability insurance carriers in West…

Auto insurance compliance from Yellow Cab failing to prove itself

November 22, 2013November 25, 2013 Julie Campbell

Officials from the city of Dallas have yet to be fully convinced that the taxi company’s coverage is adequate. Though Yellow Cab Company in Dallas has been making the effort requested of it to show that its taxis have adequate auto insurance coverage in order to comply with the city’s requirements, it has – as of the writing of this article – been unsuccessful. This insurance news is according to a recent update from the city attorney’s office. Yellow Cab’s parent company was asked to submit the documentation regarding its…

Auto insurance minimum may raise in Illinois

May 31, 2013May 29, 2013 G. Turner

Questionable tow and glass claims run rampant

Drivers who carry the smallest amount of coverage may find that they will soon be paying more. The Illinois House has just passed legislation that would increase the minimum liability coverage required in auto insurance that must be carried by drivers within the state, meaning that these motorists could be paying higher premiums beginning in 2015. The minimum will be increasing for the amount that is covered to pay for the injuries of other people. The auto insurance minimums will rise to $25,000 for injury or death of one person,…

Auto Insurance State Minimums – Why You Should Carry More Coverage

March 31, 2013April 14, 2014 Guest Author

Car insurance can be one of the most frustrating bills a person pays every month (or six) but it truly is one of the most important. At its core, insurance is designed to insulate an individual, family or business from possible financial hardship due to a loss. However, too often people are driving around with the absolute bare minimum insurance, not realizing that their entire world could get flipped upside down with just a relatively minor accident. Insurance Minimums Explained Insurance is governed at the state level, so each of…

Tips For Selecting The Most Suitable Auto Insurance

March 17, 2013April 21, 2014 Guest Author

An auto insurance check list… Auto insurance is your shield against an array of misfortunes that can potentially strike you when you take to the roads. The nature of protection spans from paying off the monetary damage claimed for injuring a person or causing damage to the property to getting reimbursed in the event of your vehicle sustaining damages. Many states have made it mandatory by law. While embarking on the venture to pick up the most robust auto insurance, the following tips will abundantly guide you in the right…

Car Insurance 101: Do You Know How You’re Covered?

March 10, 2013April 14, 2014 Guest Author

Think You’re Paying Alot for Car Insurance? Check Out Other States and See

Every car nationwide is required to have at least the state’s required minimum liability insurance. If a vehicle is financed through any lender, they will likely require the owner to hold a certain amount of comprehensive and collision coverage on top of the state mandated liability insurance. It is important that drivers in all states know what type of coverage they need on their vehicles and what kind of discounts they are eligible for to keep rates low. Any driver who is educated on the different discounts on their car…

Auto insurance customers in New Jersey are experiencing regular increases

December 26, 2012April 30, 2013

The rates in the state for vehicle coverage have risen again, according to NAIC data. The National Association of Insurance Commissioners (NAIC) has reported that drivers in New Jersey are continually paying higher prices in order to maintain their auto insurance coverage. The Garden State has been experiencing regular rate hikes over the last few years. Data released by NAIC has shown that in 2009, the average cost of auto insurance in New Jersey had been $1,218. This increased the next year to reach $1,276. The association notes that this…