Tag: insurance rates

Insurance industry slams Paul Ryan for lack of comprehension

H. Cutner
Paul Ryan insurance industry

The internet and social media lit up when the Speaker of the House of Representatives made a strange declaration about health insurance. The insurance industry was shocked by a recent statement from Speaker of the House of Representatives, Paul Ryan. He recently expressed his displeasure with the fact that premiums from healthy individuals are being used to subsidize the premiums of sick people. Social media, particularly Twitter, immediately blew up to inform Ryan that this is how insurance works. The insurance industry – including professionals and consumers alike – took…

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Homeowners insurance industry isn’t impressed with smart homes

H. Cutner
homeowners insurance industry, smartphone smart home

Despite the claims device makers have made about improved security, insurers aren’t lowering bills. The smart home device market has led to millions of dollars in sales but has not managed to impress the homeowners insurance industry. Americans have been buying WiFi connected smoke detectors and security cameras in droves. However, home insurance companies aren’t yet convinced that they are worthy of premiums discounts. A traditional smoke detector may bring savings to many homeowners, but more recent gadgets are still unproven. With the average rates across the homeowners insurance industry…

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State Farm insurance rates will soon be slashed, judge’s orders

Nordstrom
State Farm Insurance rates Logo And Exterior

California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

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Colorado auto insurance study shows drivers in the state aren’t good

Nordstrom
state farm auto insurance losses accident

Motorists in the state are prone to a spectrum of bad habits that make the roads more dangerous. Colorado auto insurance isn’t cheap and for years, people have said the drivers in the state are simply awful. That said, those types of complaints are commonplace in many states. However a recent study has shown that the claims about driving in Colorado may not be wrong. The traffic jams, winter blizzards and potholes in the spring aren’t the only challenge to drivers in Colorado. A new study by QuoteWizard has shown…

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Auto insurance discounts from new safety features are few and far between

Marc
auto insurance discounts new york traffic taxi

Automakers are continually adding safety features to their models but this isn’t making coverage cheaper. Every year, vehicles have a new list of safety features, but they don’t appear to be reflected in auto insurance discounts. A handful of years ago, the devices commonplace in the latest models didn’t even exist. In theory, these are making cars safer. Yet insurance companies are not reflecting that safety boost in the premiums charged for coverage. Many consumers are now asking why they’re not paying less when they own far safer vehicles. The…

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Will higher health insurance rates keep insurers in the exchanges?

Nordstrom
health insurance rates

Regulators across the country are allowing insurance companies to make health plans more expensive. State regulators across the nation have been steadily giving the nod to increased health insurance rates. In fact, many have made it possible for those insurers to raise premiums more than the companies had requested. This may appear to be in opposition to the goal of keeping rates as low as possible for consumers. However, a data analysis conducted by USA TODAY suggested a different purpose for these decisions. The national newspaper indicated that the regulators…

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Auto insurance premiums in the U.S. may slide with driverless cars

Logan B.
Louisiana car insurance rates auto

As autonomous vehicles roll out – and as that continues into the future – coverage rates will plummet. A new report from Aon Benfield addressed auto insurance premiums in a world of self driving cars. It examined the insurance rate trends that will occur with the expected increasing popularity of autonomous vehicles. The report suggested car owners will be paying a lot less for coverage when cars drive themselves. The predictions are that the “industry pure premiums” will fall a full 20 percent from last year through 2035. This forecast…

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