Your New Auto Insurance

According to the Rochester Homepage in New York, lawmakers in the state are working to crack down on fraudulent no-fault car insurance claims.  This is good news for car insurance companies, especially those dealing with fraud related to no-fault car insurance claims.  After a car accident, no-fault insurance allows drivers to be paid out even though the blame for the car accident is not placed on either driver.  Unfortunately, New York state lawmakers say that there are a lot of fraudulent claims being paid out and that New Yorkers are paying millions of dollars a year for these fraudulent no-fault claims.

Some criminals actually create car accidents so that they can file a no-fault insurance claim with their car insurer.  Insurance companies like Infinity auto insurance are obviously not happy about that and will be pleased to see lawmakers help cut down on false claims.  Lawmakers have already made it a felony to cause a car accident intentionally, the first step in cutting out this fraud.  Even though there aren’t that many people filing fraudulent claims, it really does effect everyone because it causes car insurance rates to increase.  Lawmakers hope to find a way to cut down on this expensive fraud very soon.

In recent years car insurance companies have realized that “one size fits all” really doesn’t apply to car insurance plans.  The New York Post article “Pay-as-you-drive insurance revs up” by Jeremy Olshan describes a new way to get some traffic off the clogged New York streets.  We recently wrote about insurance companies trying out the pay-as-you-drive system while some places in the country have been using this system for years.  The Bloomberg administration in New York is hoping that a system like this where you save money the less you drive will help keep some drivers off the road and unclog the streets.

While insurance companies traditionally made up for the more frequent accidents by high mileage drivers with premiums from low mileage drivers, this new way of charging customers would change all that.  Driving could be reduced by as much as 8%, emissions by as much as 2%, and oil consumption could go down as much as 4% with these incentives.  A State Farm insurance quote could lower drivers’ rates by up to $270 per car just by installing a device in your car that monitors the number of miles you drive and other driving habits.

Progressive’s Snapshot plan was approved in New York just recently.  In other states, drivers have saved as much as 30% off of their premiums by having their mileage and driving time monitored for six months.  Progressive also looks at acceleration and hard braking and takes those factors into account.  GMAC offers insurance plans using monitoring from their OnStar systems.  The pay-as-you-go plans are not yet available in New York, but have been successful around the country.  Drivers must drive less than 15,000 miles a year to qualify.  Those driving fewer than 5,000 miles a year have received over half off their premiums.  While some are concerned about privacy related to tracking drivers, the ability to save money and cut down on traffic seems to override that.

According to an annual survey by J.D. Power and Associates, satisfaction with homeowners insurance companies fell to the lowest level in five years. Tabulated scores came in at an average of 750 on a 1,000-point scale, a 23-point drop compared to 2009 ratings. The US National Homeowners Insurance Study surveys people on policy offerings, price, payment and claims and billing.

The company that came out on top according to those surveyed was Amica Mutual. The company has filled the number one spot for nine consecutive years. Coming in behind Amica are Auto-Owners Insurance, Erie Insurance, and Cincinnati Insurance.

Read full article…

Sometimes Change Is Good

There are many reasons why you may want to change auto insurance companies. There are so many reasons why people change insurance companies and these often include rate increases, bad service, and sometimes an unfair claims experience. Here is the best way to go about changing auto insurance companies.

The first step to changing car insurance companies:

You want accurate auto insurance quotes. The first thing you must do is pull all your records from the past five years. These records include things such as claims, accidents, tickets, driving courses taken, etc.

Read full article…

If you want to save money on your car insurance, compare insurance companies before you sign up for an annual premium. Car insurance premiums can differ as much as 300% between carriers for the same coverage. Comparing quotes is the only way to find the best deal. Fortunately, online insurance sites have made this easy.
Compare the Same Service
Insurance companies may shout that they have the lowest prices, but that may only apply for “no accident” drivers with high deductibles. To have a realistic idea about prices, compare the same deductible and coverage amount with several different insurance companies. Fre Read full article…

You could be in the market either looking for auto insurance quotes that will suit you the most or simply could be looking for some products that are associated with the best companies out there. Irrespective of your motive behind this search, the insurance companies across the United States would be more than willing to get your patronage. As a matter of fact, you will find companies competing amongst themselves to get you as their customer. So what are things to be looked into before choosing the right insurance quote?

As a first step you need to realize the type of insurance quote you require.

Read full article…