Illinois insurance rates on the rise According to the March state filings by a number of insurance companies, some residents of Illinois will soon be receiving the unwelcome news that the coverage that they require for their homes and vehicles will soon be rising. For example, Hanover Insurance has filed a proposal to increase their rates for homeowners’ insurance by an average of 4.9 percent. This rise will go into effect for the renewals on July 11, 2012. Similarly, the filing from Unitrin Preferred Insurance Co., has shown that they…
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Funny but strange auto insurance claims associated with animals
Auto vs pet insurance claims Admiral Insurance has released a report that includes the 12 most unusual auto insurance claims that have involved animals since the start of 2012. Within the last two years, for example, peacocks have been associated with claims on four separate occasions. In one case, the peacock clawed at the car when it saw its own reflection in the paint. In another instance, pet peacocks broke loose and damaged a vehicle parked in their neighbor’s driveway. Dogs have also been frequently associated with claims, including when…
Read MoreDriverless cars being test driven in California, though insurers aren’t quite ready for robot drivers
Auto insurance industry beside itself on the self driving car issue Though it may sound like science fiction to have a robot driving a car for you, Google is already taking driverless cars out on the roads of California to test them, regardless of the fact that the law hasn’t even considered that this could be possible. Next door, the state of Nevada has already created regulations that are allowing these robot operated vehicles onto its public roads, and Brian Sandoval, the governor of that state, has already been out…
Read MoreConnecticut lawmakers mull over plan to make license plates transmit insurance information
Proof of auto insurance in Connecticut Connecticut lawmakers are considering a new plan that could make checking for auto insurance coverage easier. The plan would have small transmitters embedded in the license plates of vehicles. These transmitters would be able to send out insurance verification via RFID signals. Legislators believe that this system would be a more efficient way to track uninsured drivers and issue tickets. If the plan is enacted, the state could collect as much as $29 million each year. According to the Insurance Research Council, a non-profit…
Read MoreInsurance coverage for a flying car could come with a $60,000 price tag
Entertaining insurance news… Flying cars have been a part of our imaginations for decades, and though it will become possible for drivers to purchase them within the months to come, it is the insurance coverage that they may find more surprising than the technology itself. The Transition, the two-seater car that have fold-out wings that allow it to take flight and that was manufactured by Terrafugia in Massachusetts, made its first appearance before the attendees of an auto show. The company had already announced at the start of the week…
Read MoreMyDrive Solutions releases smart box technology for insurance telematics
MyDrive Solutions, a company known for its specialty in insurance telematics, has announced its latest technology release to allow insurers to better gauge an individual driver’s risk and therefore set the premiums for coverage accordingly. The company’s launch involves an insurance smart box, which has now been brought to market, called MyDrive Dynamic, which will give auto insurers the ability to collect and use a driver’s behavioral data using the very latest in data capture technology. This can then be used to better understand a driver’s unique risk so that…
Read MoreHelpful tips to keep your California auto insurance premiums low
The two most common mars on a motorist’s driving record and that can cause California auto insurance to become more expensive than it needs to be are tickets and at-fault accidents. Though most drivers are worried about increases in premiums over time, there are many things that they can do to help to keep those costs as low as possible. This involves maintaining a driving record that is as spotless as possible, which is beneficial not only for keeping lowered insurance payments, but also to keep you, your passengers, and…
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