A bill in Arizona that would allow police to have uninsured vehicles towed and impounded was narrowly defeated, but it did manage to draw attention to the issue in that state and underscore the strict penalties that already exist for drivers who are on the road without coverage. Insurance Research Council data from 2009 estimates that the segment of drivers in Arizona without insurance is about 12 percent, which is just under the country’s average of 13.8 percent. If the proposed bill had passed, it would have given police officers…
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Some drivers may save on auto coverage with “pay-by-the-mile” insurance
A new form of auto coverage, called “pay-by-the-mile” insurance has now been designed to help people to save money on their premiums and to encourage them to drive less and use public transportation more regularly. The way that the coverage works is that drivers who put fewer miles on their vehicles will pay a lower rate for their insurance every month. It places a direct link between their vehicle’s mileage and their insurance plan. The plan is based on an average annual driving distance of 19,000 miles. Though it does…
Read MoreGEICO announces cheaper commercial auto insurance rates for businesses in Texas
Business owners in Texas may now have a commercial auto insurance policy available to them at a lower rate, as GEICO announced that they have made this new coverage available in the state. According to the director of commercial lines at GEICO, Kushwant Singh, his company is happy to be able to provide this new coverage to Texas businesses. He added that his company is recognized for providing cheap auto insurance coverage, but that “more and more business owners in Texas are discovering how much they can save with us…
Read MoreNew York legislators introduce three new laws to combat auto insurance fraud
In the continuing fight against auto insurance fraud, New York legislators have passed three new bills that will impose serious penalties on those committing crimes. The bills were passed by the state’s Senate late last week and will be heading to the Assembly for further consideration. Lawmakers are considering auto insurance fraud one of the state’s most serious issues. According to the Senate, fraud costs the state more than $1 billion every year and deals untold damage to the auto insurance industry. These damages translate into higher premiums for consumers…
Read MoreRanking the states by the cost of auto insurance coverage
According to the Insure.com study results, which have only just been released, Louisiana is the state in which it is most expensive to insure a vehicle in the entire country, whereas Maine enjoys the lowest insurance rates in the U.S. The average annual cost of insuring a car in Louisiana is $2,536, whereas in Maine the average cost is only $889. The issues that have been driving the rates higher in many states includes the insurance laws within those states, larger numbers of drivers without insurance, the number of different…
Read MoreMitsubishi 2012 Outlander Sport receives IIHS “Top Safety Pick” rating
Mitsubishi Motors Corporation has proudly announced that its 2012 Outlander Sport has received the United States Insurance Institute for Highway Safety (IIHS) rating of “Top Safety Pick” following rigorous crash test analysis. The IIHS is a not for profit vehicle crash test ratings and research organization. The 2012 Outlander Sport and the Mitsubishi compact sports sedan, the 2012 Lancer, have now received the highest possible rating for vehicle crash testing that is awarded by the IIHS. To receive the “Top Safety Pick” title, a vehicle must first receive a top…
Read MoreGapInsuranceInfo.com announces new site to fill in the gap left by standard insurance
GapInsuranceInfo.com has announced the launch of their new website, which is designed to help Americans to find the gap insurance they need to fill in the coverage holes left behind by their standard policies. This supplemental coverage can help with gaps in protection for home, auto, health, life, and business. It provides actual cash benefits to make sure that you’re covered, no matter what unforeseen circumstances are sent your way. For example, many people who have health policies – either through their employers or that they’ve purchased themselves – believe…
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