Posts Tagged With 'Insurance'

How Uninsured Motorists Cost Car Insurance Premiums?

Jul 29

The Motor Insurer’s Bureau (MIB) has revealed that the number of motorists driving on the UK roads without insurance has decreased from last year by 20 per cent. Last year, the figure for uninsured drivers was 1.8 million as compared to 1.5 million of the current year.

Some of the areas in the UK that have the largest number of uninsured motorists include Greater Manchester, BD3, B10, M12, B12, West Yorkshire and Bradford. The research revealed that about 160 people are killed in accidents caused by uninsured drivers and 23,000 people suffer minor to severe injuries.

The insurance companies are obliged to pay about £500 million annually for people suffering because of uninsured drivers. This annual bill affects the cost of the car insurance premium for the insured car owners.

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Bristol West Car Insurance Now Related to 21st Century

Jul 28

Farmers Insurance will soon be the third largest auto insurance company in the United States, according to Bristol West’s website.  Bristol West car insurance belongs to the Farmers’ family and they are getting some new members.  Farmers recently acquired AIG’s Personal Auto insurance business.  This includes 21st Century auto insurance, among others.  Although all of the companies are related, they run separately and offer their own unique customer benefits in their marketplaces.  Bristol West and Farmers’ Foremost Group will begin to merge and run concurrently.

Bristol West operates in 40 of the United States currently.  They assure their customers that their merger with Farmers auto insurance and the acquisition of AIG and 21st Century will not affect Bristol West customers.  Policies will remain unchanged and their great service and excellent products will move forward with the company.  Bristol West has combined their operations with the Foremost Group of Companies, so while policies and services will remain unchanged, some insurance documents may look a little different with the Foremost name attached.

Getting the Best Price on Female Car Insurance

Jul 28

As a female, car insurance is a very important purchase, not one that you want to drain your bank account when you pay for the premium. Everyone knows that men and women drive differently, and your premium price should reflect that difference. If you are looking for the best price on female car insurance, you can make your price shopping easier by using the services of an auto insurance broker. An auto insurance broker is very familiar with the insurance industry as well as the various policy options and rates and can get your the best rates possible.

Female car insurance is different than insurance for a man, simply because they are different types of drivers. You really need to find an auto insurance broker who understands your needs.

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Credit Scores Used for Auto Insurance Rates

Jul 25

Last week, the Insurance Institute of Michigan has succeeded in using customer credit scores as basis for auto insurance pricing. The Supreme Court of Michigan has ruled in favor of the insurance institute with a vote of 4-3.

The Office of Financial and Insurance Regulations has attempted to ban the use of the credit scores to determine auto insurance prices since the consequences may be too harsh for the Detroit residents. The office lost but the battle goes on. Michigan’s insurance consumer representative, Melvin Butch Hallowell, states that there is no relationship between a person’s credit score and driving. Insurance companies just wanted to have a high retention rate on their rich customers.

The ruling has an unfair verdict and the court has chosen the insurance companies over the consumers, Hallowell added. He

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Finding Inexpensive Auto Insurance

Jul 24

Everyone wants to find the best insurance rates possible for their auto coverage. After all, why would you pay more than you have to? But the fact is that it can be tedious and time-consuming to shop around from insurance company to insurance company, and this is where the services of an auto insurance broker can really be helpful for you. If you haven’t looked into how a broker can help you find inexpensive auto insurance, here’s what you need to know.

First, the services of an auto insurance broker are completely free to you, so you don’t have to worry about paying unnecessary fees. Also, an auto insurance broker makes it easy to find the affordable coverage that is right for you. Broke

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Increasing Car Insurance Covers

Jul 20

According to the observations of a leading car insurance company in the UK, the cost of car insurance in the second quarter in the year 2010 has risen considerably. If we compare car insurance, UK motorists are paying about 14.2 per cent extra for their car insurance covers. This amounts to an extra £74 on the policy if compared to the average policies for the first three months in the year 2010.
The insurance company also says that due to this increase in the cost of car insurance covers, the price of getting a vehicle insured has also escalated in the past 12 months by an average of 31 per cent.

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Auto Insurance Brokers Make Shopping for Insurance Easy

Jul 20

Shopping around for auto insurance is a big hassle that nobody really enjoys. Often you are spurred into shopping for new coverage because of either the need to find cheaper coverage or perhaps you had a bad experience with your current insurance company. Auto insurance brokers can take the hassle out of shopping around for car insurance. Brokers will take all of your pertinent information, and then will do the shopping for you by contacting the insurance companies on  your behalf.

Like most people, you no doubt have a busy life and don’t have the time to mess around with contacting several insurance companies. What’s more, every insurance company wants the same information from you, such as your personal information, details about your car, and your driver’s history. It can

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Making Auto Insurance Comparisons

Jul 15

It’s easy to think that all auto insurance companies are alike when you are shopping around for insurance. And when you follow this logic, inevitably your decision in selecting an insurance company boils down to the price of the premium alone. However, the fact of the matter is that not all insurance companies are created equal. And this is why you need to a full auto insurance comparisons before you sign on the dotted line.

J.D. Power and Associates publishes auto rankings online, ranking companies in the areas of overall satisfaction, pricing, payment and billing, contacting the insurer, and policy offerings. With a quick search online, you can access this valuable information. But even with this information at your disposal, you should still take some time to read reviews from other people about their experiences working with various insurance companies you are selecting. N

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