Report: Auto Insurance Companies May Begin Using Social Data in Pricing Formulas

Wahington (WiredPRNews.com) A new report from research firm Celent that says car insurers may soon be using data from social networking sites to help underwrite and rate policyholders highlights the concerns surrounding the use of certain types of data to help assess risk, according to Online Auto Insurance (OAI). More people of all ages are […]

Washington Auto Insurance Regulators Fine Coverage Providers

Washington (WiredPRNews.com) Insurance Commissioner Mike Kreidler announced this week that he has fined companies that provide Washington auto insurance, homeowner policies and other coverage nearly $1 million so far this year for violating state laws. Violations included charging unapproved rates, improperly advertising and failing to offer health care coverage to children. Kreidler urged Washingtonians who […]

Georgia Auto Insurance Regulators Release Storm Damage Estimates

Atlanta, GA (WiredPRNews.com) Georgia Insurance Commissioner Ralph Hudgens has announced that residents of that state have so far filed more than 3,600 claims with coverage providers for damages related to Tropical Storm Lee. Damage claims on homeowner, Georgia auto insurance and other policies as of Sept. 8 totaled about $15 million, according to Hudgens’ department. […]

Average Auto Insurance Prices Saw No Change between June and July

Washington, DC (WiredPRNews.com) The average cost of a car insurance policy in the United States remained stagnant between June and July, according to the Bureau of Labor Statistics (BLS). The BLS indicated in its latest report on consumer prices that the cost of all items rose by a mere one-tenth of 1 percent between the […]

Insure4USA.com Discusses How Types of SUVs Affects Coverage Costs in New Published Article

Columbus, OH (WiredPRNews.com) In an article recently released, one of the country’s leading online insurance service, Insure4USA.com, revealed the truth behind insurance for sports utility vehicles. Most people are of the notion that SUVs are more expensive to insure than any other type of vehicle. Although this is true since SUVs are not as safe […]

Auto Insurance Survey: Public Supports Teen Licensing Legislation

Washington, DC (WiredPRNews.com) A majority of Americans think teenagers are lousy drivers and support federal efforts to standardize state programs that delay full licensure of teen motorists, according to a new survey from Allstate Insurance. Auto accidents are the leading killer of teens in the U.S., statistics from the Centers for Disease Control and Prevention […]

Another Major Auto Insurance Provider Launches Usage-Based Discount Program

Atlanta, GA (WiredPRNews.com) State Farm has unveiled a new device that will provide policyholders with a range of safety features and plug them into savings through the company’s discount auto insurance program for low-mileage drivers. The new In-Drive service works via “an easy-to-install device that works in most vehicles made after 1995,” according to the […]

Various Ways to Save Money on Car Insurance You May Not Know About

Tampa, Florida (WiredPRNews.com) Many car insurance companies have little ways that you can save money on car insurance. They do not usually want to freely tell you about these ways though. Below you will find just a few simple unique ways to save money on your car insurance policy. There are some cheap auto insurance […]

Calif. Insurance Association Cautions Riverside County on Cost-Recovery Move

San Francisco, CA (WiredPRNews.com) Riverside County on Tuesday joined a growing number of cities and municipalities that have approved the implementation of emergency-response fees for drivers who get into accidents within their borders. The fees, which usually receive vehement opposition from car insurance companies, have typically been instituted in order to plug gaping budget holes […]