Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…
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A check list of the last 30 days in car insurance news headlines for the U.S.
It looks like 2011 is going to be the year for several states to make all out changes to laws relating to car insurance requirements. Some of the states involved in making changes to existing legislation, are; New York, Oklahoma, and Nebraska. Also, in the car insurance news headlines…several states have decided to raise the minimum liability coverage required. Texas, for instance, has raised the minimum liability limits to 30/60/25. This means $30,000 for each injured person, up to $60,000 per accident. Property damage is staying at $25,000 per accident.…
Read MoreRed light cameras are not coughing up the big bucks as planned
Unusual reports are coming out of South Florida regarding the use of automatic red light cameras. Instead of making the cities money, officials are reporting a financial loss, citing a number of residents fighting the red light tickets and winning. When first installed in the areas of Pembroke Pines to Fort Lauderdale, the communities expected millions of revenue for fines but just the opposite happened. Police officials are reporting more man hours spent in reviewing and preparing tapes for evidence, this due to more and more people are showing up…
Read MoreOverall lower auto rates for Californians
California’s median auto insurance rate has decreased by 3.1% according to reports from InsWeb, an online insurance quote database. The decreased occurred over the past year with the national average following a similar pattern and dropping by 5.6% over the same time period. California currently ranks as the 19th most expensive state in which to insure a vehicle in the U.S. The report suggests that Californian males pay more for their auto insurance than women by nearly 7.7%. Drivers aged 19 and younger pay nearly double the rates of any…
Read MoreNewly proposed crash tax spreading throughout the U.S.
The Sacramento City Council, on Thursday, approved a new city ordinance, known as a “crash tax”, affecting out of town drivers. The tax will be levied against visiting drivers that get into accidents and the funds will be given to the fire department’s response services. The fee would only apply in the non-resident driver was found at fault by insurers. Business owners that live outside of the city but still have property within its limits would be exempt from the crash tax. The ordinance has strong opposition and many are…
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