Tag: Insurance Research Council

Georgia’s Auto Insurance Rates: Unaffordable and Uninsured, New Study Uncovers Alarming Trends

John Bowers
Georgia's Auto Insurance Rates

Alarming Trends in Georgia’s Auto Insurance: State Ranks Among Least Affordable in Nation A recent report by the Insurance Research Council (IRC), a division of The Institutes, has unveiled alarming trends in Georgia’s personal auto insurance affordability. The report, titled “Personal Auto Insurance Affordability in Georgia,” highlights a significant deterioration over the past decade and a half, positioning Georgia as one of the least affordable states for auto insurance in the nation. With below-average income and above-average auto insurance costs, Georgia has become one of the least affordable states for…

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Task force takes on Louisiana auto insurance rates to improve affordability

Logan B.
Louisiana Auto Insurance Rates - Car - driving

Research shows that drivers in the state pay some of the highest car insurance premiums in the country. Louisiana auto insurance rates are among the least affordable in the United States, according to a recent Insurance Research Council (IRC) study. The study was titled: “Auto Insurance Affordability: Cost Drivers in Louisiana”. That said, the Louisiana High Auto Rates Task Force has been working on the challenge of improving affordability since August. The task force has met several times to address the causal factors and propose solutions to the issues. The…

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Louisiana car insurance is the least affordable in the country, says IRC study

H. Cutner
Louisiana car insurance - Driver - car - steering wheel

Insurance Research Council data found the state to be the most expensive and has high delinquencies. The Insurance Research Council (I.R.C.) released data from a recent study showing that Louisiana car insurance is the least affordable in the United States. Moreover, the state is also among the highest for payment delinquencies in the country. These details help to show the market challenges faced by buy-here, pay-here vehicle sellers. The study pointed directly at Louisiana car insurance as the least affordable among all American states. The I.R.C. study indicated that there…

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Uninsured driver rate rises across the United States

Julie Campbell
Uninsured driver rate on the rise - graph

The number of motorists without auto insurance is increasing, particularly in five states. Almost one in every eight Americans on the road are a part of the current uninsured driver rate, said a new study. This trend is placing insured drivers at an increased financial risk in the case of a collision, said the research. The research was based on the latest information available regarding auto insurance coverage. The Hanover Insurance Group co-sponsored the research. The Insurance Research Council (IRC) directed the study. Thirteen percent of all American motorists were…

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New auto insurance monitoring system has come to Louisiana

S.Vagus
auto insurance woman female

Monitoring system aims to ensure that police can enforce insurance requirements A new auto insurance monitoring system has been put to effect in some parts of Louisiana. The system is meant to be used by law enforcement to ensure that drivers have the coverage they need in effect. Per law, all drivers must have their vehicles insured. This coverage lapses when they do not pay their premiums, but it can take some time for this information to update through conventional channels. The new system will help police better enforce the…

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Automobile insurance study shows affordability improvements

Julie Campbell
Automobile Insurance affordability

The research determined that auto coverage has become more affordable for people at all levels of income. A recent study that was conducted by the Insurance Research Council (IRC) has determined that automobile insurance is becoming more affordable and that this trend has been maintained over the last ten years, particularly for individuals within the lower and middle income ranges in the United States. Every state except for six experienced improvements in their affordability from the 1990s to the 2000s. Among all of the states and the District of Columbia…

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Alabama takes a stern step in regards to auto insurance

Alabama auto insurance

New auto insurance law going active in Alabama Alabama lawmakers consider uninsured vehicles to be a significant problem for  the state and have begun to take action. State lawmakers have passed a new law concerning auto insurance and those without coverage. Beginning January 1, 2013, uninsured drivers will be facing stricter penalties for lack of auto insurance coverage. The new law introduces several methods of detection that are expected to root out those without adequate auto insurance coverage and may encourage these people to purchase the coverage they need to…

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