Posts Tagged ‘Auto’
Auto Insurance Westlake
February 6th, 2012
www.farmersagent.com Insurance agent, Mike Vakos, provides coverage for auto, home, life, commercial, renters and recreational vehicles in Northeastern, Ohio. He focuses on clients in the following areas: Lakewood, Rocky River, Bay Village, Westlake, Avon, Avon Lake, North Ridgeville, North Olmsted, Fairview Park, Olmsted Falls and Cleveland. Call 216-373-1476 today for a fast friendly quote from an agent who cares!
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Study: Poor pay more for auto insurance
February 3rd, 2012
Troy Anderson
A 30-year-old man with an MBA and a perfect driving record who lives in the fairly well-off suburb of Richmond Heights, Mo., pays $ 558 a year for auto insurance. But in a lower-income part of the St. Louis area, a 30-year-old man who’s an unemployed high school graduate and has gone without auto insurance at some point pays $ 2,095 for the same coverage.
The near quadrupling in that policy’s cost — based on factors unrelated to driving behavior — highlights the unfair, discriminatory treatment that low- and moderate-income drivers encounter when buying auto insurance, according to a study conducted by the Consumer Federation of America.
Geography, credit rating come into play
The study, “Lower-Income Households and the Auto Insurance Marketplace: Challenges and Opportunities,” found lower-income Americans pay higher auto insurance premiums because insurers use rating factors such as a driver’s geographical location, occupation, education and credit rating.
“Many low- and moderate-income drivers, because of largely uncontrollable factors, pay a higher price for auto insurance, even if they have maintained a perfect driving record and drive relatively few miles,” says Stephen Brobeck, co-author of the study and executive director of the nonprofit Consumer Federation of America.
However, Jim Whittle, chief claims counsel at the American Insurance Association, a trade group, disputes the study’s findings. He says there are perfectly legitimate reasons why some people pay more for auto insurance than others.
“So, for example, where a person lives could be relevant,” Whittle says. “They could be living in a place where there is a high incidence of property crimes against automobiles. Since insurers have to pay for that, that is built into the rates. They could be living in a place with a higher density of automobiles, thereby increasing the likelihood of potential vehicle accidents. There could be a whole array of reasons why their insurance costs more.”
Poor drivers face annual tab exceeding $ 1,000
The study, which focused on American households with annual income below $ 40,000, found many lower-income people who need to work are put at an economic disadvantage by high auto insurance costs. For most of these families, easy access to a car greatly increases economic opportunities.
In 2010, lower-income vehicle owners spent an average of $ 823 a year on auto insurance, the study found. But in some areas, many responsible, lower-income drivers had to spend more than $ 1,000 a year just for basic liability coverage that is “often unfairly priced and provides no real insurance protection for them,” Brobeck says.
In some cases, the cost of insurance exceeds the cost of the vehicle itself, Brobeck says. Given these costs, Brobeck says it’s no wonder that 25 percent to 30 percent of low-income drivers are uninsured.
Consumer advocate presses state regulators
The Consumer Federation of America proposes several ways for state insurance regulators to “sensibly” reduce the cost of auto insurance.
Study co-author Robert Hunter, director of insurance at the consumer group, says state insurance regulators should evaluate the fairness of rates charged to lower-income families in an effort to cut down on costs and discriminatory treatment.
“It is urgent that state insurance commissions act to eliminate disparate treatment,” Hunter says. “If there is one priority that insurance commissioners should address, it is to lower rates for liability coverage required by state law for those driving inexpensive cars.”
Forty-nine states and the District of Columbia require drivers to purchase basic liability insurance. Only New Hampshire and Iowa do not mandate that coverage.
Industry: Recommendations would bump up costs
Paul Blume, senior vice president of state government relations at the Property Casualty Insurers Association of America trade group, says the consumer group’s proposed solutions would be counterproductive and would hurt lower-income motorists.
“While we agree that low minimum liability coverage requirements would produce lower costs for some consumers, the CFA’s other recommendations would make insurance more expensive,” Blume says. “The CFA has the flawed impression that over-regulation will keep insurance rates down. Ultimately, overly restrictive laws and regulations have been shown time and again to reduce consumer choice and inhibit market innovations.”
Robert Hartwig, president of the industry-backed Insurance Information Institute, finds fault with the study’s findings. He points out that the study comes just a few weeks after a report by the National Association of Insurance Commissioners showed the typical motorist saw his or her auto insurance costs drop every year between 2005 and 2009.
“As anyone who watches television commercials knows, auto insurance coverage is widely available in every U.S. state,” Hartwig says. “And competitive marketplaces drive down prices. Car owners have a multitude of choices when it comes to buying coverage as well as a variety of ways to obtain it: through an agent, over the phone or online. Drivers should shop around if they feel as though their current auto insurer is not meeting their needs, or charging too high of a price.”
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Go Auto Insurance
January 30th, 2012
All about Go Auto Insurance! www.go-autoinsurance.net
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What is the procedure regarding auto insurance when getting the car from dealership to home?
January 30th, 2012
Question by nuwa k: What is the procedure regarding auto insurance when getting the car from dealership to home?
First time car buyer, going with a friend to buy the car from a dealership, how to get the car back to home ? I think I obviously need an auto insurance, but without knowing the vehicle registration details how to get the auto insurance before purchasing?
Hope my question is clear enough!
Best answer:
Answer by squishy
Many dealerships will suggest companies or allow you to phone them from the store. Or in some cases, allow you to shop around a couple of days and then bring the proof back in, though you may have to leave the car there while you do this. By law, most can’t allow you to leave without insurance; I would check with the dealership and see what their policy is regarding the issue. Some have insurance available there, but it is often more costly than if you shop around yourself.
Give your answer to this question below!
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January 29th, 2012
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No Cost Auto Repairs
January 28th, 2012
No Cost Auto Repairs
Sick of being ripped off every time you take your car to a dealer or repair shop?
No matter what make of vehicle you drive, when you least expect it and most likely at the most financially inconvenient time, you’re going to experience a breakdown and need some sort of costly repair.
Fact is, it’s not a matter of “IF” your car is going to breakdown… it’s simply a matter of WHEN and WHERE you’re going to find yourself at the mercy of an Auto Repair Shop.
Most car owners aren’t aware of how costly auto repairs really are.
In fact, most car owners don’t think about it at all until they end up forking over a huge pile of their hard-earned cash wondering why it’s costing so much to repair something that seems so simple.
It’s not your fault if you’re not fully aware of the options that are available for protecting yourself against outrageous repair costs.
In fact, most automobile owners have been left in the dark about the powerful plans that are available to them.
In this book all the detailed information you need to know is laid out in an easy to understand format so you’ll know what you can do to protect yourself … and your bank account… from unexpected and costly auto repair bills.
Vince Mills is an acclaimed auto repair expert and is licensed by the California Department of Insurance.
Sick of being ripped off every time you take your car to a dealer or repair shop?
No matter what make of vehicle you drive, when you least expect it and most likely at the most financially inconvenient time, you’re going to experience a breakdown and need some sort of costly repair.
Fact is, it’s not a matter of “IF” your car is going to breakdown… it’s simply a matter of WHEN and WHERE you’re going to find yourself at the mercy of an Auto Repair Shop.
Most car owners aren’t aware of how costly auto repairs really are.
In fact, most car owners don’t think about it at all until they end up forking over a huge pile of their hard-earned cash wondering why it’s costing so much to repair something that seems so simple.
It’s not your fault if you’re not fully aware of the options that are available for protecting yourself against outrageous repair costs.
In fact, most automobile owners have been left in the dark about the powerful plans that are available to them.
In this book all the detailed information you need to know is laid out in an easy to understand format so you’ll know what you can do to protect yourself … and your bank account… from unexpected and costly auto repair bills.
Vince Mills is an acclaimed auto repair expert and is licensed by the California Department of Insurance.
Price:
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GetAutoInsurance.net Helps Consumers Compare Auto Insurance Quotes In 2012
January 27th, 2012
GetAutoInsurance.net Helps Consumers Compare Auto Insurance Quotes In 2012
When it comes to automobiles, there is an easy way to compare auto insurance rates in 2012 and this is by utilizing the services of GetAutoInsurance.net. The information age was supposed to make the lives of individuals much easier.
Read more on EIN News (press release)
High price for NI car insurance
The Law Society of Northern Ireland says referral fees have contributed around £2 billion towards the increase cost of motor insurance in England and Wales. This was revealed in evidence the Society presented to the Committee for the Environment at the …
Read more on U.TV
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Tags: 2012, Auto, Compare, Consumers, GetAutoInsurance.net, helps, insurance, Quotes | 
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Florida drivers said to pay $1 billion more in auto insurance because of …
January 26th, 2012
Florida drivers said to pay billion more in auto insurance because of …
He said drivers with great driving records are getting hammered by rising auto premiums and that's not fair. "A 40-year-old, perfect driving record, in Jacksonville, Florida in the last two years, 40 percent increase in their PIP coverage.
Read more on WTSP 10 News
Gotti grandkid in car bust
NEW YORK, NY – APRIL 12: (Exclusive Coverage) Carmine Gotti Agnello, Lindsay Lohan, Victoria Gotti and John Gotti A Jr. attend the "Gotti: Three Generations" press conference at Sheraton New York Hotel & Towers, Central Park West Room on April 12, …
Read more on New York Post
New Ford Fusion wows 'em at Charlotte
She has provided award-winning coverage of auto racing over the last 15 years. Spencer has lent her expertise to both television and radio and is a regular contributor to SiriusXM Radio and the Performance Racing Network. Race fans and manufacturers …
Read more on FOXSports.com
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OAIN: NJ Auto Insurance Legislation Could Affect Pricing, Lawsuit Options
January 25th, 2012
OAIN: NJ Auto Insurance Legislation Could Affect Pricing, Lawsuit Options
New Jersey legislators have introduced more than a dozen bills related to car insurance this session, reports Online Auto Insurance News. January 25, 2012 /24-7PressRelease/ — About seven pieces of legislation introduced to the New Jersey Legislature …
Read more on Einnews Portugal
Florida drivers said to pay billion more in auto insurance because of …
Cydnee Knoth of Tampa expressed frustration at seeing her auto insurance continually go up even though she's a good driver. "Every year I see my insurance rates go up on my auto insurance and, despite my excellent driving record, the rates go up every …
Read more on WTSP 10 News
Progressive car insurance to hire hundreds of workers in Cleveland
MAYFIELD VILLAGE, Ohio – Progressive auto insurance is looking to lower Cleveland's unemployment rate by hiring hundreds of people to fill open positions in the sales, service and claims departments. The company boasts on-site medical facilities and …
Read more on NewsNet5.com
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2012 North American International Auto Show
January 24th, 2012
Coverage from the 2012 North American International Auto Show. Several of the new cars that were seen at the show. www.naias.com Music from http
