Live Insurance News

New York auto insurance rates vary widely throughout the state

December 9, 2013December 7, 2013 H. Cutner

A new report has been released to identify the five most expensive counties in which to purchase coverage. The release of a new report has now underscored the point for New York auto insurance customers that a driver’s zip code will make a considerable impact on the amount that will be paid in premiums. In fact, the county in which a motorist lives could nearly quadruple the cost of coverage. This state has the third greatest population in the U.S. Out of the total estimated population in the state, which…

Auto insurance scams in New York shut down with doctor claims suspensions

November 6, 2013November 4, 2013 Julie Campbell

A number of “dirty” docs are now being pursued by the state regarding accidents that never happened. New York is now going after twelve doctors that signed off on auto insurance claims for accidents that never occurred, in order to allow their “patients”, and themselves, to collect millions in payments from the no-fault system in the state. Notices went out to the dozen physicians as well as six additional health providers. Those notices have barred them from being able to submit auto insurance claims on the no-fault system in New…

Auto insurance discounts possible for New Yorkers who take a course

November 1, 2013October 29, 2013 H. Cutner

A defensive driving class could be all that stands between N.Y. motorists and paying less for coverage. The New York State Department of Motor Vehicles has now given its approval to a handful of courses in order to teach defensive driving so that motorists will be safer on the roads and will reduce their risks so that they can pay less for their auto insurance coverage. These courses are being seen as a way for New Yorkers to stay safe and save money at the same time. The purpose of…

Auto insurance concerns put an end to RelayRides in New York

May 20, 2013May 25, 2013 Logan B.

Car-sharing service shut down due to auto insurance regulations RelayRides, a popular car-sharing service, has announced that it will cease operations in New York due to auto insurance concerns. Car-sharing programs are becoming more popular as consumers grow more environmentally conscious and look to save money on transportation costs. These programs are typically used by those commuting to and from work, but New York regulators claim that RelayRides violates the state’s auto insurance laws, which could cause some significant problems for the company itself as well as the insurance companies…

Auto insurance fraud legislative package gets New York Senate approval

May 13, 2013May 25, 2013 Julie Campbell

Three bills that are geared toward reducing the rate of scams on the system are now moving forward. The New York State Senate has just given its approval to three bills that have been designed to help to tackle the problem of auto insurance fraud by raising the penalties against those who take part in these behaviors, and by providing insurers with greater flexibility for preventing criminals from being able to obtain policies so that they can continue to run their scams. The package for three bills has now been…

Usage based insurance programs come to New York state

February 22, 2013April 30, 2013

Drivers will now be able to choose if they want their habits behind the wheel monitored by their insurers. Though New York does already have some usage based insurance options, the large players are now making their way through the state to provide good drivers with the chance to save on their premiums by revealing their driving habits to their insurers. The programs come with a small electronic device installed on the car to transmit driving data to the company. New York is not alone in its usage based insurance…

Auto insurance fraud is rapidly growing in New York

February 20, 2013April 30, 2013

This is forcing residents to have to pay more for their coverage as it is causing insurer costs to soar. A startup company that has placed its focus in auto insurance, has released an article that has detailed its data that suggests that cases of fraud are considerably on the rise in New York. The article provided an explanation of the upward trend of fraudulent claims within the state. It also went on to show that the auto insurance fraud is not a victimless crime, because it is causing residents…