Latest Insurance News

Auto Insurance Rates Decline As Tort Law Reaches Four Years

By Sharon Dunn, Greeley Tribune, Colo. Jun. 19--Consumers are coming out on top under Colorado's new insurance law. Insurance rates have dropped by an average of 30 percent in the past four years among the larger insurers in the state, an insurance official estimates. On Monday, State Farm Insurance officials announced the company's ninth rate decrease -- 7.2 percent -- since the new system became law in 2003. That marks roughly a 43 percent total decrease in premiums in the past four y...

Brought to Justice

THE following people were dealt with at Cardiff Magistrates Court: David Price, 41, of Ninian Park Road, Leckwith, Cardiff, was fined a total of pounds 220 with pounds 50 court costs and had three penalty points added to his driving licence, after pleading guilty to driving without the correct licence, without an MoT and with a defective car tyre. Craig Stephen Cummings, 20, of Grand Avenue, Ely, Cardiff, was fined pounds 100 and had six penalty points added to his driving licence after plead...

Tulsa No. 72 on Allstate Driver Safety List

Tulsa drivers ranked No. 72 in Allstate's list of cities and their degree of motorist safety. Last year, the city was 73rd. The third annual "Allstate America's Best Drivers Report" analyzes the auto insurer's claim data to determine the likelihood that drivers in the nation's 200 largest cities would experience a vehicle collision compared with the national average. According to the report, Tulsa drivers experience a collision every 9.9 years. Compared with the nationwide likelihood of...

Insurance Backtrack

It sounded like a good idea when legislators passed the law in 2004: Motorists who canceled their insurance would get a letter from the secretary of state's office notifying them that driving without insurance is against the law. Instead of cracking down on uninsured motorists, however, the law meant hundreds of thousands of law- abiding citizens got the letters, often simply because they had switched insurance carriers or traded their vehicle. Finally, the Legislature is poised to correct th...

Auto-Insurance Changes = Big Savings

By Kimberly Lankford Kiplinger's Personal Finance Auto insurers are making big changes in the way they price policies, and that can mean big savings for you. In the past, most insurers based premiums on only a handful of variables -- type of car, place of residence, age, marital status and driving record. Now they focus on 30 or more factors. "I predict that the 14 companies I work with will all change their pricing within the next few years," says Tom Minkler, an independent agent in Kee...

High Heels Behind the Wheel ; News in Brief

UP TO 12 million women are putting lives at risk by driving in "inappropriate footwear", it was revealed today. Female motorists are not only driving in high heels but are also getting behind the wheel while wearing f lip-f lops or even while barefoot. The survey, by women's car insurer Sheilas' Wheels, found that 80 per cent of women wear unsuitable shoes, with just 17 per cent keeping a pair of driving shoes in the car.. (c) 2007 Evening Standard; London (UK). Provided by ProQuest Inf...

Some Welcome Numbers for New Jersey

By JAMES AHEARN NEW JERSEY is the top, or darn close. I have some numbers here that prove it. Take automobile insurance. New Jersey drivers spend more on car insurance than drivers in any other state, an average of nearly $1,100 a year. Granted, this is not a distinction we should brag about. All right then, take public-school funding. If dollars spent were proportionate to results achieved, we would be justly proud, a community of world-class scholars. Spending per student is higher in N...

Detroit Free Press Matt Helms Column: Drivers Line Up to Collect Reward for Safety in Warren

By Matt Helms, Detroit Free Press Jun. 14--The intersection of 13 Mile and Mound roads was a madhouse this morning with drivers lined up for miles to get free gas at the Fast Track station as part of an insurance company's promotion to cities with improved rankings of safe drivers. Allstate said its 2005-2007 study of insurance claims made by its customers found that Flint and Warren drivers ranked third and fourth in the nation in years between accidents at 13.4 and 13.3 respectively -- ...

Not the Answer

Compulsory car insurance doesn't work well in Britain. Those with no respect for the law simply don't insure their cars and law- abiding youngsters find that their insurance costs far more than the purchase price of their first car. Insurance works by spreading the cost of accidents across all the policy holders so you can be sure that forcing youngsters to insure will increase all our premiums. MYLES DOUGLAS-WITHERS Middleton (c) 2007 Press, The; Christchurch, New Zealand. Provided by ...

Sacramento Drivers Gain Notoriety: Allstate Ranks Capital Motorists Among the Worst in the Country

By Tony Bizjak, The Sacramento Bee, Calif. Jun. 15--You've long suspected it. Now, an auto insurance company has run the numbers and concluded: Sacramento drivers are among the worst in the entire country! Local drivers are 23 percent more likely to get in a crash than the national average, according to Allstate Insurance Co. That ranks Sacramento a lowly 158th out of the 200 largest cities in the country. "We don't really want to label Sacramento," a cautious-speaking local Allstat...